Netflix, Inc. (NFLX) Q3 2026 Earnings Call Transcript

SA Transcripts 162.52K Followers Follow Netflix, Inc. ( NFLX ) Q3 2026 Earnings Call October 20, 2026 4:45 PM EDT Company Participants Spencer Wang - Vice President of Finance, Corporate Development & Investor Relations Theodore Sarandos - Co-CEO, President & Director Gregory Peters - Co-CEO, President & Director Spencer Neumann - Chief Financial Officer Presentation Spencer Wang Vice President of Finance, Corporate Development & Investor Relations Good afternoon, and welcome to the Netflix Q3 2026 Earnings Interview. I'm Spencer Wang, VP of Finance and Capital Markets. Joining me today are Co-CEOs, Ted Sarandos and Greg Peters; and CFO, Spence Neumann. As a reminder, we will be taking forward-looking statements, and actual results may vary. We'll now take questions submitted by the analyst community. Question-and-Answer Session Spencer Wang Vice President of Finance, Corporate Development & Investor Relations Our first question comes from David Joyce of Seaport Research Partners. His question is investors are looking for more clarity in what has typically been Netflix' industry-leading strategy. What role do live events or becoming a centralized streaming portal or offering short-form video, third-party or user-generated content play in how you see Netflix regaining a competitive edge that can help sentiment? Theodore Sarandos Co-CEO, President & Director I'll take that. And thank you, David, for the question. It gives us an opportunity to clarify, obviously. But our strategy is unchanged, and it's always been and it continues to be to combine best-in-class entertainment with industry-leading discovery, global distribution and the best possible monetization. We want to be the must-have entertainment service, the first one members check for a great series or a great film and the last service they'd ever cancel. Now the anchor of that strategy are the Netflix Originals, differentiated, exclusive, ambitious, professionally produced series and films and live events. Now we've oriented the market to expect something great and new to watch every week, so we have