Netflix第三季度营收115.10亿美元 净利润同比增长8%

Core Viewpoint - Netflix reported its Q3 2025 financial results, showing revenue growth but falling short of analyst expectations, leading to a significant drop in stock price after the announcement [2][3]. Financial Performance - Q3 revenue reached $11.51 billion, a 17.2% increase from $9.83 billion in the same quarter last year, but slightly below analyst expectations of $11.52 billion [4]. - Net profit for Q3 was $2.547 billion, up 8% from $2.364 billion year-over-year [4]. - Earnings per share (EPS) were $5.87, an increase from $5.40 in the previous year, but below the expected $6.94 [4]. Regional Revenue Breakdown - Revenue from the U.S. and Canada was $5.072 billion, up 17% from $4.322 billion [4]. - Revenue from Europe, the Middle East, and Africa was $3.699 billion, an 18% increase from $3.133 billion [4]. - Latin America revenue reached $1.371 billion, a 10% increase from $1.241 billion [4]. - Asia-Pacific revenue was $1.369 billion, up 21% from $1.128 billion [4]. Operational Metrics - Q3 operating profit was $3.248 billion, up from $2.909 billion year-over-year, with an operating margin of 28.2%, down from 29.6% [5]. - Net cash from operating activities was $2.825 billion, an increase from $2.331 billion [5]. - Free cash flow for Q3 was $2.660 billion, up from $2.194 billion [5]. Stock Buyback and Debt - Netflix repurchased 1.5 million shares for a total of $1.9 billion, with an additional $10.1 billion available for future buybacks [6]. - Total debt stood at $14.5 billion, with cash and cash equivalents of $9.3 billion [6]. Future Outlook - For Q4 2025, Netflix expects revenue of $11.96 billion, a 16.7% year-over-year increase, and operating profit of $2.860 billion [7]. - The company projects full-year revenue of $45.1 billion for 2025, a 16% increase from 2024, with an operating margin of 29% [7]. Stock Price Movement - Following the earnings report, Netflix's stock price fell over 6% in after-hours trading, closing at $1,162.96, down $78.39 [3][8]. - The stock had previously closed at $1,241.35, reflecting a 0.23% increase during regular trading hours [8].