Short answer
Netflix (NFLX) filed its Q3 2025 10-Q quarterly report on Oct 22, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $11.5B (up 17.2% year over year) with net income of $2.5B.
Q3 2025 key financials · XBRL
- Revenue
- $11.5B
- +17.2% YoY · +3.9% QoQ
- Net income
- $2.5B
- +7.8% YoY · −18.5% QoQ
- Operating margin
- 28.2%
- EPS (diluted)
- $5.87
- +8.7% YoY · −18.4% QoQ
Source: XBRL data from the Netflix (NFLX) Q3 2025 10-Q on SEC EDGAR. USD.
Netflix Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $11.51B in Q3 2025, up $1.69B (17%) YoY from $9.82B in Q3 2024
- Operating margin declined to 28.2% from 29.6% YoY, decrease of 1.4 percentage points
- Best-performing region: UCAN revenue grew $749M to $5.07B; worst-performing region by growth: LATAM, up $130M to $1.37B
- Cash and equivalents decreased to $9.33B, down $258M from Dec 2024; operating cash flow increased $504M YoY to $2.83B
- Management expects sufficient liquidity from operations, notes $7B in stock repurchases YTD, with $10.1B remaining authorization
Risk Factors
- No material changes to risk factors since 2024 10-K
- Carried-forward regulatory risk: content licensing and copyright compliance challenges
- Operational risk: intense competition impacting subscriber growth and retention
- Market risk: fluctuations in content production costs and consumer demand
- Financial risk: currency exchange rate volatility affecting international revenues
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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