“`html
Netflix vs. Alphabet: Key Financial Highlights
Netflix (NASDAQ: NFLX) reported a revenue increase of 17% year-over-year, reaching approximately $11.5 billion in Q3, with a projected operating margin of 29% for the full year, up from 27% last year. Meanwhile, Alphabet (NASDAQ: GOOG, GOOGL) achieved a 16% revenue growth in Q3 2025, totaling around $102.3 billion, supported by growth across its Google Search, subscriptions, YouTube, and cloud services.
As of now, Netflix trades at a price-to-earnings ratio of approximately 44, whereas Alphabet’s ratio stands at about 29. This indicates that investors pay significantly less for Alphabet’s earnings, which are derived from a more diversified portfolio enhanced by AI-driven growth in its cloud business, with a cloud backlog increasing by 46% quarter-over-quarter to $155 billion.
“`
