Netflix posts Q3 earnings, trims ad revenue outlook and cuts about 1,000 jobs

Netflix's third‑quarter results showed revenue in line with analyst estimates and an increase in net profit, while operating margin rose slightly above forecasts. The streaming giant said it will eliminate roughly 1,000 positions worldwide as part of a cost‑saving effort. It also lowered its full‑year advertising‑revenue guidance for 2026. Co‑CEOs Ted Sarandos and Greg Peters said the moves aim to improve watch time and subscriber retention amid a competitive market.