Netflix Q3 2025 Earnings Preview: Key Metrics to Watch
Netflix (NFLX) prepares to unveil its third-quarter earnings after market close on October 21, with Wall Street anticipating a 29% year-over-year surge in EPS to $6.96. Revenue projections stand at $11.51 billion, marking 17% growth. The stock's 35% year-to-date rally reflects bullish sentiment around engagement metrics, ad revenue scalability, and content pipeline strength.
UBS analyst John Hodulik maintains a Buy rating and $1,495 price target, citing Netflix's dominance in the DTC space. Catalysts include the return of flagship series like Squid Game and new releases such as KPop Demon Hunters. Operating income is expected to outpace revenue growth at 25%, driven by pricing power and advertising tailwinds.