Netflix Inc. (NFLX) earnings date & stock reaction
NFLX · Netflix Inc. · Consumer Discretionary
Netflix Inc. earnings date & time
Schedule
- Korea time (KST)
- Wed, October 21
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±7.8% · 12-report avg
What the market expects
Consensus EPS
$0.82Coming in above this counts as a beat
- Year-ago quarter
- $0.59→+39.0%
“We're guiding, as you say, to 12% revenue growth in Q3 reported, 11% FX neutral. We expect to deliver another strong year with, as you see in the guide, 13%-14% top-line growth for the full year.”
“We're forecasting content expense up about 10% this year. It's a little higher than the 8% we averaged over the last five years, and below the 14% that we averaged over the past decade.”
- ▲Stable Revenue Growth and Guidance
- Revenue grew 11% year-over-year in Q2 2026 on an FX-neutral basis.
- The company maintains its full-year 2026 revenue growth guidance of 13-14%, representing about $6 billion in incremental revenue.
- ▲Improved Content Investment Efficiency
- Content spending is forecasted to rise 10% this year, which is lower than the 14% average over the past decade.
- Netflix continues to grow content investment at a slower rate than total revenue.
- ▲Growth Potential in Ad-Supported Model
- The gap between the average revenue per membership (ARM) for ad tiers and standard tiers is narrowing.
- The company is driving monetization by expanding ad demand sources and enhancing its ad tech stack.
- ▼Slowing Growth Trends
- FX-neutral revenue growth is expected to decelerate from 12% in Q2 to 11% in Q3 guidance.
- Despite the back-half weighting of last year, the deceleration in growth rates remains a point of concern.
- ▼Divergence Between Viewing Hours and Revenue
- Total viewing hours grew only 2% in the first half of 2026, trailing the overall revenue growth rate.
- Market concerns persist regarding the drop-off in viewership for second seasons of original series.
Netflix Inc. (NFLX) rose the day after earnings in 5 of its last 12 reports (42%), moving ±7.8% on average. It has fallen despite beating the consensus estimate 5 times.
Even when EPS beat expectations, the stock fell 5 of the last 9 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
5/9 beats fell next day · watches Revenue · operating margin · ads
- Jun 2026 report-7.3%
- Mar 2026 report-9.7%
- Dec 2025 report-2.2%
- Sep 2025 report-10.1%
- Jun 2025 report-5.1%
- Mar 2025 report+1.5%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 6/2026 | 2026-07-16 | +1.4% | -7.3% | -7.3% |
| 3/2026 | 2026-04-16 | -6.9% | -9.7% | -13.9% |
| 12/2025 | 2026-01-20 | +1.4% | -2.2% | -1.9% |
| 9/2025 | 2025-10-21 | -15.8% | -10.1% | -11.2% |
| 6/2025 | 2025-07-17 | +1.9% | -5.1% | -7.3% |
| 3/2025 | 2025-04-17 | +16.4% | +1.5% | +13.2% |
12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Netflix Inc. earnings date?
The next Netflix Inc. (NFLX) earnings report is expected Tue, October 20 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for Netflix Inc.'s next earnings?
Analysts expect EPS of about $0.82 for Netflix Inc. (NFLX). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does Netflix Inc. (NFLX) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 5 of them (42%). The average move on earnings day was ±7.8%.
Does Netflix Inc. react more to the earnings numbers or to guidance?
In 6 of the last 12 reports (50%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Netflix Inc. stock fall even when earnings are good?
Yes. In 7 of the last 12 reports, Netflix Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Netflix Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 67% of the time. This tendency is known as post-earnings announcement drift.