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Nemouniverse
#NetflixQ3AdsAndMargins
Netflix Q3: record ad sales, but margin missed. Revenue $11.51B, +17% YoY.
Operating margin 28% vs 31.5% expected, dragged by a $619M Brazil tax charge.
Ad tier: 94M MAUs; ad revenue to more than double in 2025. Amazon DSP integration starts Q4. Q4 guide: $11.96B, ~24% margin. Ad momentum is clear; margin proof still pending.
Will Netflix (NFLX) beat quarterly earnings?-15.62%
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