Netflix Reports Higher Q3 Profits, Lowers 2026 Advertising Revenue Forecast

Netflix reported higher third-quarter profits, with revenue increasing 11.8% year-over-year to $12.87 billion and net income rising 44% to $3.66 billion. However, the company lowered its full-year 2026 advertising revenue forecast from $3 billion to approximately $2.7 billion, citing a slower rollout of ad product capabilities. The report also mentioned recent leadership changes, including the replacement of its chief creative officer and film chief.