Netflix 's soaring stock performance in 2025—adding $120 billion in value—now faces a real test.

On Tuesday, the company will release its third-quarter earnings, and investors are watching closely to see if its big investments in advertising and video games are actually paying off.

Analysts expect a strong showing: revenue is forecast to jump 17.2% to $11.51 billion, while profit is set to rise 27% to $3.01 billion.

Netflix is counting on hits like "KPop Demon Hunters," the "Wednesday sequel," and the final season of "Stranger Things" to keep subscribers watching and revenue growing.

But behind the strong numbers are concerns. Netflix has stopped sharing subscriber counts, asking Wall Street to focus more on profit.

That move has some investors worried growth may be slowing, especia

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