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# Netflix beats Q3 targets, then cuts 1,000 jobs and two creative chiefs
- URL: https://www.medianexis.com/netflix-beats-q3-targets-then-cuts-1-000-jobs-and-two-creative-chiefs/
- Published: 2026-10-22T16:06:25.000Z
- Updated: 2026-10-27T14:20:58.000Z
- Description: The Ankler’s Sean McNulty reports Netflix matched or beat its Q3 forecasts and touted a working “business flywheel” on the earnings call.
- Author: The Signals Desk
- Tags: Streaming, Sean McNulty, Netflix cuts 1,000 jobs, replaces its content chief and puts monetization first

**Why it matters.** Investors now discount management’s own narrative of strength, forcing Netflix’s new creative leadership to prove execution before the next earnings call.

*Based on reporting by* [*The Ankler*](https://theankler.com/netflix-cant-sell-wall-street-on-growth-plan/?ref=medianexis.com) *—* [*Sean McNulty*](https://www.medianexis.com/tag/by-sean-mcnulty/) *·* [*deadline.com*](https://deadline.com/2026/10/netflix-town-hall-executives-layoffs-peter-rice-1237170147/?ref=medianexis.com) *—* [*Nellie Andreeva*](https://www.medianexis.com/tag/by-nellie-andreeva/) *·* [*uk.themedialeader.com*](https://uk.themedialeader.com/netflix-reduces-ad-revenue-forecast-amid-slower-than-expected-rollout-of-products/?ref=medianexis.com) *—* [*Jack Benjamin*](https://www.medianexis.com/tag/by-jack-benjamin/) *·* [*mediapost.com*](https://www.mediapost.com/publications/article/418859/?ref=medianexis.com) *—* [*Adam Buckman*](https://www.medianexis.com/tag/by-adam-buckman/) *·* [*puck.news*](https://puck.news/what-if-peter-rice-doesnt-change-netflix-all-that-much/?ref=medianexis.com) *—* [*Matthew Belloni*](https://www.medianexis.com/tag/by-matthew-belloni/) *·* [*Next in Media*](https://mikeshields.substack.com/p/theres-a-reason-that-netflixs-ad) *—* [*Mike Shields*](https://www.medianexis.com/tag/by-mike-shields/)*.*