Netflix Q3 revenue $12.87B in line, EPS $0.87 beats; Q4 revenue forecast $13.44B below estimates

Netflix reported Q3 revenue of $12.87B, in line with expectations, and EPS of $0.87, beating the $0.82 estimate. Free cash flow was $2.88B, below the $3.22B estimate, and operating margin was 34.6%. The company forecast Q4 revenue of $13.44B versus $13.51B expected and Q4 EPS of $0.67 versus $0.73, and cut its full-year free cash flow outlook to about $12B from $12.5B. Shares fell about 7% after the report.

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