Netflix reported Q3 2026 revenue of $12.87 billion, up 11.8% year over year, with sharply higher profit. The shareholder letter highlighted The East Palace as a hit with 21 million views, along with another Korean title at 22 million.
Growth was driven mainly by subscription revenue from membership increases and price hikes, plus a healthy advertising market. Executives acknowledged investor concern about slowing view-hours growth and said more work is needed on engagement.
Netflix's Q3 2026 shareholder letter cited the South Korean series The East Palace as a key hit with 21 million views; another K-drama, This Kind of Sht Love, logged 22 million. Opinion/personal reaction to a darts match; no factual claim to check.
SA Netflix fan on X is absolutely buzzing this afternoon because the company just named her favorite show a box office hit.
EWhich show? The next big thing I haven't heard of yet?
SIt's called The East Palace, a Korean drama. The fan, myca, posted the shareholder letter with "yayyy for donggung" and a crying happy face.
EDonggung? Is that the palace?
SThat's the Korean name. Netflix says it pulled 21 million views in the third quarter. Another Korean title got 22 million. K-dramas are carrying the platform.
EI love it. A fan seeing her niche show get recognized by the giant corporation? That's the dream.
SHold on, because the same shareholder letter also says executives are worried about engagement. View-hours growth is slowing. They admitted it.
EBut revenue is up almost 12 percent, profit's sharply higher. The hits are working. Who cares if people watch fewer hours if they're paying more?
SBecause engagement is the long game. You can raise prices once, but if people aren't hooked, they cancel. A single Korean drama with 21 million views doesn't fix that.
EIt's not a single drama. It's a global strategy. Netflix has been investing in Korean content for years, and now it's paying off. East Palace is proof.
SProof of what? That one show can spike views? Sure. But the letter itself says they need more work on engagement. That's not exactly a victory lap.
EOh, come on. The fan is celebrating, the stock is probably fine, and you're bringing up a footnote. The story here is that a small Korean show became a worldwide hit. That's remarkable.
SRemarkable for Netflix's PR team. But as a business, they need people watching every week, not just when a new season drops.
EI think you're underestimating the power of event television. People resubscribe for hits. That's the model.
SFine, but let's not pretend 21 million views solves slowing engagement. It's a band-aid.
EOkay, it's not a cure-all. But it's a hell of a band-aid. And for the fan, it's a great day.
SFair. And it is a wholesome post. People love seeing their favorites get credit.
ESpeaking of people loving their favorites, a darts legend posted about a match that he says is "pure Box Office."
SDarts? Box office? That's a stretch.
EGlen Durrant, former world champion, watched Aspinall versus Littler and said maybe Littler can win all his games on Netflix next week. Because the match was that good.
SNetflix showing darts? Now that would be a streaming experiment.
EActually, I think he means the match was so entertaining it belongs on a platform like Netflix. But darts has had a resurgence, especially with Littler, the teenager.
SI saw Littler play once. The crowd was insane. Not my usual thing, but the energy is real.
EExactly. That's box office. People pay to watch drama, and darts has drama.
SAlright, I'll give you that one. But I'm not subscribing to Netflix for arrows.
EFair enough. But if Netflix picks up darts, you know I'm watching.