Netflix revealed its third-quarter 2025 earnings Tuesday, focusing on revenue results following its decision to stop regularly reporting subscriber data earlier this year.
The streamer reported adjusted Eps of $5.87 on $11.51 billion in revenue. Analysts expected Netflix to report Q3 revenue of $11.51 billion and earnings per share (Eps) of $6.97 for the July-September quarter, according to research firm Lseg Data & Analytics.
The streamer had projected revenue at $11.5 billion (growth of 17%) and Eps of $6.87, as well as an operating margin of 31.5%.
Netflix explained the miss on earnings in a letter to shareholders Tuesday, writing: “Operating margin of 28% was below our guidance of 31.5% due to…
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