Netflix’s strategy is not unchanged, despite what co-CEO Ted Sarandos says. The market did not respond favorably to Netflix’s Q3 2026 report. The reaction, which saw Netflix shares down 5% at the time of Netflix’s earnings publication, is geared more towards lower full-year ad revenue guidance and restructuring costs, rather than evidence that the streamer is preparing to pivot from an original content machine to a third-party service aggregator. “Our strategy is unchanged,” declared a stubborn Sarandos on the earnings call. “It continues to combine best-in-class entertainment with industry-leading discovery, global distribution and the best possible monetization.” Sarandos’s equal, co-CEO Greg Peters, then went on to describe how Netflix would be a great partner for studios, networks, and for…