Netflix Vows to 'Do Better' After Weak Q3 Earnings

Netflix reported its slowest revenue growth in years and cut its 2026 ad revenue forecast from $3 billion to $2.7 billion, sending shares down nearly 6%. The company laid off about 1,000 employees and replaced its content chiefs, pledging to overhaul its U.S. programming.

• Ad revenue forecast cut from $3 billion to $2.7 billion
• Shares fell nearly 6% after the report, down over 40% this year
• About 1,000 employees laid off in largest cut in roughly four years
• Disney's Peter Rice replaced Bela Bajaria as content chief