Netflix Inc（NFLX）资讯与事件NFLXNetflix Inc

Netflix Q3 Earnings Beat Expectations, Outlook Weak

"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.PLAYING THIS WEEKEND:Among this weekend's most notable new streaming content is season three of Netflixromantic comedy series "Nobody Wants This," starring Kristen Bell and Adam Brody. Netflix subscribers can also catch the new season of French mystery thriller series "Lupin," while Prime Videousers can watch season two of action thriller series "The Terminal List," starring Chris Pratt and Taylor Kitsch.NETFLIX RESULTS:Earlier this week, Netflix reported better-than-expected Q3 earnings per share with revenue that was in-line with consensus estimates. Operating margin grew to 34.6% from 28.2% year-over-year, with the company noting that revenue growth was driven primarily by subscription revenue, reflecting increases in memberships and pricing, growth in advertising revenue and a favorable impact from F/X rates, net of hedging. Looking ahead, Netflix provided a downbeat outlook for Q4 earnings and revenue and a below-consensus revenue outlook for fiscal 2026.Following the report, at least a dozen securities analysts cut their price targets on the shares, with UBS saying that the Q3 results were in line on revenue with better expense-timing-driven profits, while softer Q4 guidance and weaker advertising point to 2026 revenue at the low end of guidance. Margins and long-term goals remain intact, with improved U.S. content execution, focused investment in core film/TV/live offerings, and a new Chief Content Officer key to restoring engagement and growth, the firm added.Additionally, Needham analyst Laura Martin downgraded Netflix to Hold from Buy without a price target. The company's FX-neutral revenue growth decelerated from 14% in Q1 to 12% in Q2 and to 11% in Q3, with single-digit revenue growth projected in FY27, the analyst tells investors in a research note. Netflix content problem "seems clear", and while the firm believes Peter Rice is "an excellent TV executive," it will take him about two years to fix the company's $20 billion content slate, Needham noted, stating that the strategic position at Netflix relative to YouTubeis deteriorating.COMCAST RESULTS:Comcastalso reported quarterly results this week, with adjusted earnings per share and revenue for the third quarter coming in ahead of consensus estimates. Of note, Comcast's Peacock streaming platform delivered EBITDA of $261M, increasing $478M year-over-year, with paid subscribers on the platform rising 17% year-over-year to 48M. Looking ahead, CFO Jason Armstrong said during the company's earnings call, "We're simplifying our organizational structure to move faster, improve execution, and operate more efficiently. As part of this transformation, we do expect to take a significant charge in the fourth quarter... We expect to have a significant charge in the fourth quarter related mostly to our transformation efforts, and I would quantify that at over $1 billion."Following the report, several analysts lowered their price targets on the stock, with Citi saying the upcoming "transformation activities" to which the company alluded are "apt to create some uncertainty on 2027 expectations." Meanwhile, Goldman Sachs analyst Michael Ng lowered the firm's price target on Comcast to $23 from $24 and maintained a Neutral rating on the shares. The company's results demonstrated improving trends in Connectivity & Platforms segment EBITDA and broadband ARPU, which should continue in Q4 and provide confidence in Comcast's convergence strategy, the analyst tells investors in a research note. That said, broadband net losses missed and likely will continue to see pressure from increasing competition well the management focuses more on managing broadband as part of the overall converged relationship, the firm added.COMCAST JOB CUTS:Prior to the release of the Q3 print, Bloomberg's Kelcee Griffis reported that Comcast intends to cut a significant number of jobs as part of a broader overhaul of its cable TV, broadband, and wireless businesses. The reorganization is meant to put the company in a stronger position to operate as an independent entity after it spins off the NBCUniversal businesses in 2027, the author noted.SKYDANCE INVESTMENT:On Wednesday, John Malone said he predicts SpaceXcould invest $8B-$10B in Skydanceand secure a global content-output deal, helping David Ellison reduce the media company's debt burden while giving Elon Musk's company access to content and other assets, The Hollywood Reporter's Alex Weperin reported. "I think there's a deal coming there," Malone said at the Paley Center International Council Summit, pointing to the financial ties between Musk and Oraclefounder Larry Ellison, David Ellison's father and a major backer of Skydance. A day later, Semafor's Rohan Goswami reported that Elon Musk has invested roughly $1B in Skydance, according to people familiar with the matter.VERSANT/DISNEY:Versantannounced a licensing agreement to stream season one of E!'s The Golden Life on Hulu. The first two episodes will be available on Hulu and Hulu on Disney+for bundle subscribers in the U.S. beginning November 3, with remaining episodes available seven days after premiering on E!.FUBO/NBA:On Thursday, FuboTVannounced new distribution agreements for carriage of seven regional sports networks for the 2026-2027 National Basketball League season. The Fubo streaming service will continue to carry local coverage of the following teams in each respective market through new distribution agreements: Atlanta Hawks; Charlotte Hornets; Detroit Pistons; Miami HEAT; Milwaukee Bucks; Oklahoma City Thunder; Orlando Magic. Carriage of the Los Angeles Clippers was previously announced through a direct distribution agreement with the NBA and the team.STOCK PLAYS:Other publicly traded companies in the streaming space include Apple, AMC Networks, Fox, and Roku.

Nasdaq and S&P 500 Decline Amid AI Spending Concerns

The Nasdaq and S&P were broadly lower amid renewed concerns over AI spending and an increase in oil prices. Meta shares slid despite strong revenue growth as investors weigh rising AI spending and legal costs, while Tesla is under pressure as its investment plans raise questions about returns. Oil prices were more than 2% higher amid continued tensions between the U.S. and Iran, as President Trump accused Iran in a Truth Social post of "doing everything they can to drive up the price of oil" prior to midterms.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Metareported mixed Q3 results, narrowed its FY26 capital expenditure guidance, and announced the establishment of a new Class C common stockTeslareported better-than-expected Q3 earnings, with CEO Elon Musk saying it will take at least a year to get Optimus robot production to 20,000 units per weekIBMreported upbeat Q3 results, with the company saying it is executing "solidly" against its prioritiesTexas Instrumentsreported better-than-expected Q3 results and provided upbeat Q4 earnings guidanceLockheed Martinprovided a "beat and raise" report for Q3 and announced a framework agreement with the Department of War for F-35 Lightning II fighter jets2. WALL STREET CALLS:BMO upgraded Blockto Outperform on Square volume accelerationNetflixdowngraded to Peer Perform at Wolfe ResearchCLSA and BNP Paribas upgraded Teslato Hold on potential SpaceXmergerRBC downgraded Dutch Broson competition, tough comparisonsBMO upgraded Ionisahead of Q3 report3. AROUND THE WEB:SB Energy, the SoftBank Group-controlleddeveloper of a massive planned Ohio data center project for OpenAI, is considering going public in December or possibly waiting until next year, The Information reportsA Sixth Circuit panel appeared reluctant to overturn Ford's$13.2M trade secrets verdict, Bloomberg Law reportsInfineum, a U.K.-based chemicals joint venture owned by Shelland ExxonMobil, has selected Bank of America to run a sale of the business, FT saysTSMCis looking into alternatives to rare-earth components in factory equipment, hoping to reduce the potential for Beijing export controls to disrupt plant operations, Reuters reportsSamsungand SK Hynixare upgrading their factories in China to produce more advanced memory chips, Reuters reports4. MOVERS:Biohavengained after the FDA accepted its new drug application resubmission for VyglxiaSpotifyincreased in New York after reporting Q3 results and providing guidance for Q4Kohl'swas higher after Gordon Haskett upgraded the stock to BuyTTM Technologieswas lower after reporting Q3 results and providing guidance for Q4, FY26, and FY27Hexcelfell after reporting Q3 results and increasing its buyback program to $750M5. EARNINGS/GUIDANCE:Honeywell Technologiesreported Q3 results and raised its guidance for Q4 and FY26Cencoraprovided guidance for FY26Badger Meterreported Q3 results, with EPS beating consensusFirstServicereported Q3 results, with CEO Scott Patterson noting he was "pleased" with the resultsPool Corp.reported Q3 results and backed its guidance for FY26INDEXES:The Dow rose 11.89, or 0.02%, to 52,867.98, the Nasdaq lost 694.00, or 2.60%, to 26,008.86, and the S&P 500 declined 93.74, or 1.21%, to 7,663.43.