{
  "id": 15835932,
  "title": "Netflix posts higher Q3 profit, revenue up 12% to $12.87B, growth worries pull shares lower",
  "url": "https://urgent.news/2026/10/21/netflix-posts-higher-q3-profit-revenue-up-12-to-12-87b-growth-worries",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T01:51:45.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/technology/media/netflix-posts-higher-q3-profit-revenue-up-12-to-1287b-growth-worries-pull-shares-lower-1.500717702"
  },
  "original_language": "en",
  "account": "Netflix reported higher profits for Q3, with earnings at $3.66 billion, a 44% increase from the previous year. Revenue rose 12% to $12.87 billion. However, shares fell after the streaming giant lowered ad sales guidance, raising concerns about slowing revenue growth. The company announced it would lay off around 6% of its workforce, or nearly 1,000 positions, as part of broader organizational changes. This latest round of cuts is the biggest in years. Netflix also replaced Chief Content Officer Bela Bajaria with Peter Rice, who will lead global content operations. Despite new releases like \"East of Eden\" and \"The Diplomat,\" competition from streaming platforms like Amazon Prime Video and Disney+ continues to pose a challenge. Netflix forecasted revenue of $13.4 billion for the current quarter, slightly below analysts' expectations of $13.5 billion.",
  "summary": "Netflix posts higher Q3 profit but revenue growth worries pull shares lower",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Japan Today",
        "title": "Netflix posts higher Q3 profit but revenue growth worries pull shares lower",
        "url": "https://urgent.news/2026/10/20/netflix-posts-higher-q3-profit-but-revenue-growth-worries-pull-shares",
        "published": "2026-10-20T21:42:30.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Netflix shares drop on slowing engagement, revenue growth",
        "url": "https://urgent.news/2026/10/20/netflix-shares-drop-on-slowing-engagement-revenue-growth",
        "published": "2026-10-20T22:01:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Netflix shares drop on slowing engagement, revenue growth",
        "url": "https://urgent.news/2026/10/20/netflix-shares-drop-on-slowing-engagement-revenue-growth-15825326",
        "published": "2026-10-20T23:23:50.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Netflix in charts: Q3 regional revenue holds double-digit growth, but pace cools",
        "url": "https://urgent.news/2026/10/21/netflix-in-charts-q3-regional-revenue-holds-double-digit-growth-but",
        "published": "2026-10-21T03:58:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}