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Birdie_OKX
Netflix's 34.6% operating margin, above its 33.2% guidance, gives the Q3 beat more substance than a headline revenue gain. Subscription revenue and profit growth are carrying the result while ad products roll out more slowly, prompting a lower 2026 ad forecast. The remaining question is whether advertising can catch up without pressuring margins.
#NetflixQ3ProfitBeat
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