• Netflix shares sank up to 6% after a Q3 earnings beat and weak guidance for the rest of the year.
• Shares had fallen about 44% in the last year as investors worry about slowing growth.
• The streaming leader laid off about 1,000 employees last week and changed its content leadership.

Netflix's third-quarter earnings failed to excite investors, a week after a major content executive shuffle and its biggest round of layoffs since 2022.

The streamer turned in results above expectations for the third quarter, but provided weak guidance for the rest of the year. Netflix said its earnings beat was primarily due to the timing of expenses.

Netflix's revenue growth slowed for a third straight quarter, and the company projected it would continue to decelerate in the fourth quarter.

Shares fell up to 6% in after-hours trading on Tuesday.

"While Netflix is growing, the pace of that growth is slowing," Forrester's Mike Proulx said. "That's a wake-up call for the company that once defined the streaming market and is now in need of growth reacceleration."

Here's how the streaming giant's Q3 financial results compared to the company's forecast:

• Revenue: $12.87 billion vs $12.86 billion estimated ($11.5 billion in Q3 2025)
• Earnings: $0.87 per share vs $0.82 per share estimated ($0.59 per share in Q3 2025)

Netflix told investors to expect earnings of $0.67 per share in the fourth quarter, below Wall Street's $0.73 per share estimate. The company's $13.44 billion revenue projection for Q4 was also lower than analysts' estimate of $13.51 billion.

The streaming leader cut its annual advertising forecast from $3 billion to $2.7 billion, citing a slower-than-expected rollout of its ad products.

"With Netflix under pressure to find alternative lines of revenue beyond subscriptions, it's concerning that the company lowered its estimate for its ad business," said analyst Ross Benes of Emarketer, Business Insider's sister company.

Heading into Q3 earnings, Netflix's stock was down over 44% in the last year as investors worried about engagement growth and stiff competition from YouTube and other free streamers.

Netflix said in its third-quarter shareholder letter that it knows "there's some investor concern about our view hours growth" but added that engagement "remains healthy."

"We do seek to accelerate growth in view hours as well, and we're confident we'll do that by relentlessly focusing and executing" its strategy, the shareholder letter said.

The company has invested in video games and podcasts but didn't mention either in its letter, outside a disclosure section on "forward-looking statements."

Netflix's results came less than a week after it shook up its content leadership team and cut about 1,000 workers.

Content chief Bela Bajaria is leaving her role after more than three years, Netflix announced last week. The company said Monday that film chief Dan Lin is also out.

Bajaria will be replaced by Peter Rice, a former Fox and Disney exec who ran Disney's TV division, including ABC and FX. Netflix hasn't yet said who will replace Lin; Rice will oversee film in the meantime.

"It's our goal to go from very good to great," co-CEO Greg Peters said of Netflix's content slate on the company's earnings call.

The leadership changes come as Netflix battles slowing viewership growth. The streaming powerhouse generated 97 billion viewing hours in the first half of the year, which was up 2% year-over-year.

Netflix co-CEO Ted Sarandos said at an industry event hosted by Bloomberg last month that Netflix was "not growing as fast as I want us to, and we're working on making that move faster."

"Revamping content strategy is not enough to fix this challenge, but it is a worthwhile start," Benes said.

Netflix layoffs were across its product, tech, HR, and legal teams. Co-CEOs Sarandos and Peters said in a memo to staffers that the company was downsizing so it can be "disciplined about where we prioritize our people and resources."

Other media companies have laid off employees in the last month. NBCUniversal cut a few hundred global streaming tech employees in early October, and Disney trimmed its tech and HR teams in late September.

In the second quarter, Netflix's results were roughly in line with analysts' expectations. The stock sank 8% after the report as Netflix said it would cut back on how frequently it shared viewership data.

• Hugging Face CEO Clément Delangue isn't a fan of the Netflix documentary about his company's hack by OpenAI's AI agents.
• Netflix released a short documentary called "AI Gone Wild" in October.
• Delangue, who was interviewed for the project, called the result "super disappointing."

Clément Delangue isn't wild about Netflix's new documentary.

Delangue cofounded Hugging Face, an AI startup acquired by Nvidia for almost $13 billion in September. Two months prior, Hugging Face became the face of AI risk when rogue OpenAI agents hacked the business.

The hacking saga sparked a Netflix documentary titled "AI Gone Wild." On Tuesday, Delangue criticized the so-called "instadoc" in a lengthy X post.

"Super disappointing, as they went for maximum anthropomorphism of the technology and full doomer mode," Delangue wrote.

Delangue sat for an interview in the documentary, along with a METR researcher, the director of the AI Futures Project, and two tech journalists.

In the X post, Delangue wrote that he spent over two hours trying to correct what he described as the documentary's mistakes. He wanted to explain that AI agents were "technological systems, not aliens."

"It looks like the drive to scare people for maximum views was too strong," Delangue wrote.

Delangue listed some things the Netflix documentary omitted: the lack of agent containment, how safeguards for OpenAI's closed model blocked Hugging Face's defense, how Hugging Face defended itself with an open model, and "that we still lack a lot of information and transparency including full agent traces and that companies need to remain accountable for what their agents do."

Netflix did not respond to a request for comment from Business Insider.

Some techies responded to Delangue's post with their own criticism of the documentary. Alex Imas, Google DeepMind's director of AGI economics, called Delangue's post "important reading."

Brigitte Tousignant, Hugging Face's head of communications, posted on X that the documentary widened the gap between the public's understanding of AI and how it actually works.

Tousignant wrote to Netflix: "If you can't tell this story responsibly in 26 minutes, maybe 26 minutes isn't enough."

Despite his criticism, Delangue suggested a way to frame the project to make it an enjoyable watch: "It ends up being a fun sci-fi movie though!"

After only three years, Netflix has fired its film chief, Daniel Lin. Last week, Netflix fired its chief content officer, Bela Bajaria.

The post Nolte: Netflix Bloodbath Continues with Firing of Film Chief Daniel Lin appeared first on Breitbart.

• Netflix's film chief Dan Lin is out after two years.
• He's the latest top exec to exit following a 6% cut at the streamer, its biggest since 2022.
• New content chief Peter Rice will oversee film until a successor to Lin is announced.

Film head Dan Lin is out at Netflix, the latest exec to be ousted in the wake of the streamer's biggest layoff since 2022.

Lin was hired as film chair in 2024 with a mandate to bring greater cost discipline and variety to Netflix's films, which had focused on big-budget output under his predecessor, Scott Stuber. Lin cut big upfront paychecks to actors, reduced staff, and reorganized his department. He oversaw a slate that included Oscar-winning "KPop Demon Hunters," "Happy Gilmore 2," and "Frankenstein."

Lin's exit is the latest big shocker at Netflix. Also out in recent days was chief content officer Bela Bajaria, who was replaced by Hollywood veteran Peter Rice, a former exec at Disney and Fox.

Rice will oversee film until a new head is announced, Netflix said in a statement confirming Lin's departure.

Last week, Netflix laid off 1,000 employees, or about 6% of global head count. That was the streamer's largest cull since 2022, when the company lost subscribers for the first time in more than a decade.

The streaming giant has been hampered by slowing engagement growth and a stock price that has declined more than 40% over the past year. The streamer is contending with the rise of free, ad-supported streaming led by YouTube and the popularity of social video. In recent months, Netflix has turned to podcasters and creators to bulk up its library.

Netflix is set to report third-quarter earnings after the bell on Tuesday.

Momenti di autentica tensione nel centro storico di Olbia, dove il set blindato della super-produzione Netflix “Un weekend da bamboccioni 3” è diventato teatro di un’aggressione improvvisa. Tre giovani, determinati a violare i cordoni di sicurezza per assistere ai ciak delle star hollywoodiane Adam Sandler e Salma Hayek, hanno scatenato una violenta sassaiola contro il personale di vigilanza. Il bilancio è di una guardia giurata ferita e di un fuggitivo già rintracciato dalle forze dell’ordine.

I disordini si sono innescati ai varchi di accesso di piazza Matteotti e nel tratto transennato di via Regina Elena, le due aree del cuore cittadino attualmente interdette al pubblico per consentire lo svolgimento regolare delle riprese. Secondo le ricostruzioni, il gruppo composto da tre ragazzi ha preteso di superare i controlli per introdursi nell’area del set. Di fronte al netto rifiuto degli addetti alla sicurezza, la situazione è rapidamente degenerata: i giovani hanno iniziato a scagliare pietre e bottiglie di vetro all’indirizzo delle guardie giurate poste a presidio dell’ingresso.

L'articolo Tentano di forzare la sicurezza per entrare sul set Netflix con Adam Sandler e Salma Hayek, ma vengono fermati: scatta la sassaiola con pietre e bottiglie. Caos a Olbia, una guardia ferita alla testa proviene da Il Fatto Quotidiano.