# Netflix Q3 Earnings Beat Wall Street

> Netflix beats Q3 earnings estimates but Wall Street braces for 2026 ad sales whiff.
- Title: Netflix Q3 Earnings Beat Wall Street · The Hollywood Reporter
- Summary: Netflix beats Q3 earnings estimates but Wall Street braces for 2026 ad sales whiff. Netflix reported $12.9 billion Q3 revenue and $3.664 billion profit, but…
- Keywords: netflix, earnings, ad sales, revenue, profit, stock, share price, view hours, content, Beat, Wall, Street
- Source: The Hollywood Reporter — https://hollywoodreporter.com/business/business-news/netflix-q3-2026-earnings-ad-sales-stock-decline-continues-1236735383
- Author: Tony Maglio
- Published: 2026-10-20T20:16:36+00:00
- Read time: 1 min
- Topics: netflix, q3, earnings, ad sales, revenue, profit, stock, share price, view hours, content
## Q3 Earnings Report
Netflix reported $12.9 billion revenue and $3.664 billion profit for Q3 2026, beating Wall Street expectations.
## Q4 Forecast
Netflix now forecasts $13.442 billion revenue, $2.787 billion net income, and 67 cents EPS for Q4 2026.
## Ad Sales Shortfall
Netflix expects $2.7 billion in 2026 ad revenue, down from $3 billion, missing full-year goals.
## Stock Decline
Netflix shares closed at $68.69, hitting a new 52-week low after hours trading.
## Key takeaway

Netflix reported $12.9 billion Q3 revenue and $3.664 billion profit, but forecasts 11.5% growth for Q4 and $2.7 billion ad revenue, missing full-year goals.