Netflix, Inc. Q3 2025 Earnings Recap

NFLX Q3 2025 October 22, 2025

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Netflix reported robust Q3 2025 results, achieving revenue in line with expectations and setting a record for ad sales, despite a challenging Brazilian tax issue impacting operating income.

Earnings Per Share Miss

$0.59 vs $0.70 est.

-15.2% surprise

Revenue Beat

11510307000 vs 11508430066 est.

+0.0% surprise

Market Reaction

1-Day -0.25%

5-Day -1.43%

30-Day -5.35%

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Key Takeaways

Revenue and engagement metrics remained strong, with record TV viewership shares in both the US and UK.
Best ad sales quarter ever, on track to more than double ad revenue for the year.
Significant developments in live offerings and gaming capabilities, including record viewership for key events like the Canelo Crawford fight.
The recently released film "K-Pop Demon Hunters" became Netflix's most popular feature, reflecting the company's ability to produce culturally resonant content.
A complex Brazilian tax matter impacted operating income; however, future operating results are not expected to be materially affected.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit NFLX on AllInvestView.

Next Q1 2026