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Will Netflix's Q3 this season exceed expectations? My view is that it will likely slightly exceed, but there probably won't be any big surprises. Currently, Wall Street's expectation for Netflix is Q3 revenue of $12.88 billion and EPS (earnings per share) of $0.82. Netflix's own guidance given in July was revenue of $12.86 billion and EPS of $0.82. The numbers from both sides are almost identical. What does this mean? It means the market hasn't set a very high bar for Netflix this time; it's basically pricing according to the company's own forecast. Whether the earnings report ultimately beats expectations depends not on how much money it made, but on whether it can earn a bit more than it previously said. Based on Netflix's past performance, I think this guidance still has reference value. Some companies like to lowball expectations and then easily beat them when the earnings come out, giving the market a surprise. But Netflix hasn't always played that way. Last quarter, its revenue was about $30 million less than expected, but EPS was only 1 cent higher, so overall performance was basically near expectations. So, I don't really believe there will suddenly be an exaggerated number this time. A more reasonable judgment is that the result will be near the guidance, then slightly better. Also, there are three main reasons. One is the price increase. Last quarter, North American revenue only rose 10% because the price increase in North America only covered half a quarter. This quarter is the first full quarter after the price increase, so all the money from the price hike can be counted. Management also said in July that the price increase effect met expectations, with no obvious user loss. North America is also Netflix's most profitable region, so if revenue slightly exceeds expectations, it will mostly rely on it. Another is buybacks. Netflix has been buying back its own shares, reducing the total shares from 4.349 billion to 4.261 billion over the year. With fewer shares, the same profit is divided among fewer shares, so EPS often can be a cent or two higher than revenue growth. The last point is exchange rates. More than half of Netflix's money is earned overseas and must be converted to USD. In Q3, the dollar was slightly weaker than when the guidance was set in July, and the euro and pound rose a bit, so the conversion added tens of millions of dollars, which helped a little. One more thing I'm a bit uncertain about is advertising. Netflix set a goal at the start of the year to double ad revenue this year to about $3 billion. But S&P Global estimates that last quarter ad revenue was just over $600 million. Although that's 80% more than the same period last year, the market originally expected more. You can see where the pressure is. Assuming $600 million each quarter in the first half, the second half would need about $900 million each quarter to reach $3 billion for the year. Going from $600 million to $900 million is about a 50% increase, which is not a small amount. However, advertising currently accounts for only about 5% of Netflix's revenue, so even if this quarter is a bit short, it won't be very visible in the big revenue number. The problem is that many investors buy Netflix largely because they are optimistic about its advertising business growing, so the market watches it very closely. Netflix does not report ad revenue separately, so everyone can only look for clues in its letter to shareholders. If the letter still says "ad revenue is expected to double this year," then it's fine; if the wording changes or it is not mentioned at all, the market will worry. At that point, even if revenue and profit meet targets, the stock price might still go down. So, finally, my expectation is EPS between $0.83 and $0.85, revenue around $12.9 billion, slightly beating expectations. If the Q3 earnings report on October 20 shows revenue over $13 billion, that would be a real beat; Between $12.8 billion and $13 billion is considered meeting expectations; below $12.8 billion means missing targets, likely due to North America or advertising. To be blunt, even if it slightly beats this quarter, the stock price may not rise. 😂 What really determines the stock price is Netflix's full-year forecast announced at the same time and whether the $3 billion ad revenue target is still in place. This quarter's EPS being up by a cent or two has limited impact. The above is just my personal opinion and does not constitute investment advice. Welcome to OKX to predict US stock earnings reports and experience a different way to play. @misaENFP @okxchinese #OKXUSStockEarningsSeason

He's coming, he's coming～ Developer friends, Misa is here this time with a 100,000 USDT prize pool!!!💚 The X Layer × TapeOut Developer Acceleration Program officially launches. This is not just a hackathon that looks at concepts or just tells stories. What we really want to find is: ✅ Solutions to real problems ✅ Products that people are willing to use ✅ Capable of continuous iteration ✅ On-chain products with potential to form a commercial closed loop Misa has studied for a long time and prepared a guide for everyone! 🌟 What exactly is this? TapeOut is a protocol that provides computational logic for applications. Everyone can leverage TapeOut’s ecosystem capabilities to develop applications, games, web services, developer tools, circuit designs on X Layer, or explore new mechanisms like PoD. As a newbie, Misa simply understands it as turning your ideas into real products that can run, be verified, and be used by users～ You don’t have to build a particularly complex big project; a real small problem, if solved beautifully enough, also has great chances. 🌟 Prizes The official prize pool this time is 100,000 USDT: 🥇 First Prize: 1 winner, 20,000 USDT 🥈 Second Prize: 5 winners, 10,000 USDT each 🥉 Third Prize: 5 winners, 6,000 USDT each Moreover, TapeOut founders, the official team, and the community will continue to add more rewards, so stay tuned for further announcements～ It should be noted in advance: after winning, the prize will be distributed in stages based on the team’s subsequent development progress and agreed milestones; specific arrangements will be confirmed separately with the winning teams. Besides the prize money, outstanding projects may also receive official X Layer promotion, technical support, and future collaboration opportunities. Who can participate? The scope this time is quite broad: ▪️ Web3 developers ▪️ Web2 developers ▪️ Product managers, designers, creators ▪️ Builders in circuits and infrastructure ▪️ People with ideas but no complete team yet ▪️ Teams with existing projects wanting to add new features during the event Both individuals and teams can participate. Existing projects can also register, but the evaluation mainly focuses on substantial new development completed during the event. No requirement for the project to have revenue yet, nor for all functions to be implemented in circuits, and no need to deploy your own processor from scratch. But the project must use TapeOut circuits, contracts, or on-chain data on X Layer, or run on X Layer DeWEB. 🌟 How to participate? ① Identify a real problem and target users ② Choose suitable TapeOut ecosystem capabilities ③ Complete development and integration on X Layer ④ Build a working MVP ⑤ Prepare project introduction, access links, or contract addresses ⑥ Create a demo video no longer than 3 minutes ⑦ Submit your work before the deadline Event period: October 16, 2026 to December 7, 2026, 23:59 UTC 🌟 How to increase your chances of winning? Misa has participated in many rounds and carefully studied the judging criteria, highlighting some key points: 1️⃣ Don’t start from what technology you know, start from whose problem you solve and what problem Judges care not only about flashy tech but more about why users need it and why they would keep using it. 2️⃣ Fully run through the core process A product with fewer features but a complete experience usually scores better than one with a dozen features but none fully functional. 3️⃣ Clearly explain why you need TapeOut and X Layer Don’t integrate just for the sake of it. Show judges what value TapeOut’s circuits, contracts, on-chain data, or DeWEB capabilities specifically bring to your product. 4️⃣ Test with real users in advance Even if only the first 10 users, their feedback, usage data, and real needs are more convincing than just a PPT. You can join Misa’s group to test with each other! 5️⃣ Clearly explain the business model It’s okay if the project has no revenue yet, but at least answer: Who will use it? How to reach them? Why would they pay? Why would they keep using it? 6️⃣ Don’t make the demo video a product manual Within 3 minutes, try to clearly explain: ▪️ What problem it solves ▪️ Who will use it ▪️ How core functions work ▪️ What the business model is ▪️ Where TapeOut and X Layer are used It’s recommended to start early, test early, and release your product early. Don’t wait until the last day to find your contract address, access link, or demo video incomplete 😳 Event details and submission link👇 You focus on bold ideas, Misa will push you to participate, and X Layer and TapeOut will help you make it real💚 @XLayerOfficial @TapeOutWorld #XLayer #TapeOut #OKXWallet