Netflix Inc.
NFLX - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$274.49B
Close$
Earnings Call Q3 2026
October 20, 2026 - AI Summary
Engagement + churn are healthy; pricing changes are tracking well (supports full-year guidance)
- Management described overall engagement as driven by quality, quantity, and variety of viewing; the strongest proxy cited was churn.
- Q3 churn improved YoY globally and in the U.S., and was better than forecast; guidance confidence reiterated.
- Price increases in 2026 “went well”: member response/churn not meaningfully worse vs prior cycles (i.e., evidence that perceived value remains strong).
- Outlook: Company plans to deliver full-year guidance (no change indicated).
Region highlights: APAC/LATAM/EMEA stronger; U.S. solid but “not growing as fast as we’d like”
- Examples: India view hours up ~24% absolute in Q3, up also on a per-member basis, driving nearly ~20% YoY revenue growth and incremental membership.
- Management’s framing: outside the U.S., local titles are materially driving engagement and growth; U.S. has “upside” from moving from very good to great execution of the slate.
- Forecast detail: No new quantitative regional guidance given in this transcript, but narrative implies continued regional dispersion in growth drivers.
Content strategy unchanged; focus on execution—new Chief Content Officer Peter Rice to help U.S. slate performance
- Core strategy unchanged: Netflix continues to anchor the flywheel with original/exclusive programming plus distribution/monetization advantages (discovery, global scale, etc.).
- Peter Rice appointment (CFO/C-suite level “fresh perspective”): expected to improve U.S. execution and talent/production optimization; not a fundamental strategy shift.
- U.S. pressure point: other territories have titles that travel globally, while the U.S. needs more “home-run” execution to accelerate global growth effects.
- Upcoming slate signals execution intent: Q4 and into 2027 includes high-profile series/films (e.g., *East of Eden*, *The Diplomat S4*, *Wednesday S4*, *Emily in Paris S5*, David Fincher *Cliff Booth* via IMAX, *Narnia*, Bridgerton/Wed on the horizon), plus NFL/MLB/World Cup sports and live event programming.
Exclusive for Stockcircle Pro members
Sign up
$22.23
66.5% downside
Current Fair Value
66.5% downsideOvervalued by 66.5% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $274.49 Billion |
|---|---|
| Enterprise Value | $286.95 Billion |
| Earnings per Share | $2.58 |
| Beta | 1.61 |
| Outstanding Shares | 4,134,463,000 |
Return
| Return on Equity | 50.86% |
|---|---|
| Return on Assets | 25.38% |
| Return on Invested Capital | 33.98% |
Valuation & Multiples
| P/E Ratio | 17.64 |
|---|---|
| PEG | 39.05 |
| Price to Sales | 5.53 |
| Price to Book Ratio | 9.48 |
| Enterprise Value to Revenue | 5.76 |
| Enterprise Value to EBIT | 18.32 |
| Enterprise Value to Net Income | 19 |
| Total Debt to Enterprise | 0.07 |
| Debt to Equity | 0.65 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 20, 2026
EPS Estimate
$0.82
Consensus analyst estimateRevenue Estimate
$12.87 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 19, 2027
EPS Estimate
$0.68
Consensus analyst estimateRevenue Estimate
$13.44 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.19, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.1888▼ 73.16% |
|---|---|
| Total Calls | 1,573,375▼ 99.02% |
| Total Puts | 297,110▼ 99.80% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.35%▼ 76.92% |
|---|---|
| Total Invested | $12.68B▼ 94.85% |
| Investors Holding | 1,481▼ 2127.00% |
About NetFlix Inc
16,000 employees
CEO: Reed Hastings
Netflix is the world's leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can wa...