Netflix prepares for Q3 2026 earnings amid revenue growth deceleration

Netflix is preparing to report its third-quarter 2026 financial results amid a period of business model transition. The company has guided for Q3 revenue of approximately $12.86 billion, representing a 12 percent year-over-year growth rate, which marks its lowest quarterly expansion in eleven consecutive quarters.

Key growth drivers for the company include its advertising-supported tier and password-sharing monetization. The advertising tier has scaled rapidly, with a projected full-year 2026 advertising revenue of approximately $3 billion, doubling the previous year's estimate. Additionally, the company's ad-supported plan surpassed 250 million global monthly active viewers as of May 2026.

While recent stock performance has faced downward pressure following several earnings reports, the company has engaged in significant share repurchases, including a $4.7 billion buyback in its most recent quarter. Management has authorized a total of $27.1 billion in remaining repurchase capacity.