Netflix Q3 2026 Revenue Meets Estimates Amid Major Restructuring and Executive Departures

Netflix announced its third-quarter 2026 revenue met expectations at $12.87 billion, an 11.8% year-over-year increase, despite growth slowing to its lowest rate in three years. The company is undergoing a significant restructuring, including the departure of Chief Content Officer Bela Bajaria and Head of Film Dan Lin, alongside a reduction of approximately 1,000 employees. This organizational shift aims to reposition the company for future growth, though its full-year 2026 advertising revenue forecast has been adjusted downwards to $2.7 billion.