Overview

• Netflix will report third-quarter 2025 results after the market close on Oct. 21.
• The company is guiding for Q3 revenue of $11.52 billion and EPS of $6.87.
• FactSet consensus stands at $11.51 billion in revenue and $6.96 in EPS, tightly bracketing Netflix’s outlook.
• Analyst positioning is constructive, with Oppenheimer citing roughly 20% year-over-year hours viewed, Seaport upgrading to buy, and TD Cowen trimming its target but maintaining a buy rating.
• Near-term catalysts include a three-part Stranger Things season 5 release on Nov. 26, Dec. 25 and Dec. 31, and newly announced party games coming to TVs that use smartphones as controllers.