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Netflix Q3 Preview: $12.86 Billion, a 33.2% Margin and What…

By Tobi Opeyemi Amure

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Netflix reports third quarter results on Tuesday against a guidance set it published three months ago and has not revised since. The July letter put revenue at $12,860 million, diluted earnings at $0.82 a share and the operating margin at 33.2%, five points above the same quarter of 2025. Netflix goes into the print carrying a year of damage on the tape. The shares closed Friday at $70.53, down 2.…