Netflix Meets Q3 Revenue Estimates Amid Executive Departures and Workforce Reductions

Netflix reported Q3 2026 revenue of $12.87 billion, aligning with expectations, though growth has slowed to its lowest rate in three years. The company is undergoing a significant internal restructuring, which includes the layoff of approximately 1,000 employees and the departure of several high-level executives, such as Chief Content Officer Bela Bajaria and Head of Film Dan Lin. This strategic repositioning aims to drive future growth, with a slight adjustment to its full-year 2026 advertising revenue forecast.