Netflix Earnings — Record Revenue, Weak Guidance, Stock Selling Off
Netflix posted record Q3 revenue of $12.9B and 34.6% operating margins, but weaker-than-expected forward guidance sent the stock down 6%+ after hours, extending its decline from all-time highs to 52%.
What we know
An account on X laid out the numbers: revenue $12.9B (+12% YoY, slowest growth since Q3 2023), net income $3.7B (+44% YoY), operating margins a record 34.6% — yet the stock had already been down 45% over the prior year entering earnings. Weak guidance was the catalyst for the extension of losses. Another account on X noted NFLX is now at its lowest since August 2024 and has shed $290B in market cap from its high.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.