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Netflix (NFLX) Reports Q3 Earnings: What Key Metrics Have to Say

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Netflix (NFLX - Free Report) reported $12.87 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 11.9%. EPS of $0.87 for the same period compares to $0.59 a year ago.

The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $12.87 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +6.1%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Netflix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- United States and Canada (UCAN): $5.63 billion versus the six-analyst average estimate of $5.58 billion. The reported number represents a year-over-year change of +11%.
  • Revenue- Asia-Pacific (APAC): $1.54 billion compared to the $1.53 billion average estimate based on six analysts. The reported number represents a change of +12.3% year over year.
  • Revenue- Latin America (LATAM): $1.6 billion versus $1.61 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +16.9% change.
  • Revenue- Europe, Middle East and Africa (EMEA): $4.11 billion versus the six-analyst average estimate of $4.14 billion. The reported number represents a year-over-year change of +11%.

View all Key Company Metrics for Netflix here>>>

Shares of Netflix have returned -4.8% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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