Core Insights - Netflix reported record revenue of $12 billion and earnings per share of $0.56 for Q4 2025, slightly exceeding Wall Street estimates [1] - The company's first-quarter guidance of $0.76 per share fell short of analysts' expectations of $0.81 per share, leading to a decline in stock price [2] - Netflix's subscriber count increased to over 325 million, up from 300 million at the end of 2024, indicating growth in its user base [6] Financial Performance - Q4 2025 revenue was $12 billion, surpassing the expected figure of just under $12 billion [1] - Earnings per share for Q4 were reported at $0.56, slightly above the anticipated $0.55 [1] - First-quarter revenue projection is $12.15 billion with an operating margin of 32.1% [2] Market Position - Netflix's cancellation rate is the lowest among paid streaming services in the US, at less than 2% [7] - The company's viewership share on US TVs reached a record 9% in December, up from 8.3% in November, outperforming competitors like Disney [8] - Netflix is competing with YouTube for viewership time, with YouTube holding nearly 13% of the market [8] Strategic Moves - Netflix is pursuing the acquisition of Warner Bros. Discovery's studio and HBO assets, enhancing its content library with popular franchises like "Harry Potter" and "Game of Thrones" [10] - The company has made an all-cash bid to strengthen its position against rival suitor Paramount Skydance [6] - Netflix is diversifying its content offerings by adding video podcasts and investing in sports programming, including NFL games [9]

Netflix (NFLX) reported fourth quarter earnings after the bell on Tuesday that showed better-than-expected results but said it would ramp up its rollout of new content in the year ahead and pause its share repurchase program given its pending acquisition of Warner Bros. Discovery (WBD). The streaming giant reported revenue of $12.05 billion, more than Wall Street estimates for $11.96 billion, per Bloomberg consensus data, which matched the company's own forecast. In the fourth quarter of last year, the co ...

Netflix‘s fourth-quarter results edged Wall Street analysts’ estimates, and the company cited “great progress” in its ongoing buildout of an advertising business. Earnings per share came in a penny ahead of expectations at 56 cents, while revenue of $12.051 billion exceeded the target of around $12 billion. The holiday quarter ending December 31 featured the powerhouse launch of the final season of Stranger Things and a successful NFL Christmas Day doubleheader that propelled total streaming to a new indus ...

The Streaming service attributes its growth to increases in subscribers, pricing and advertising revenue. ...

每经AI快讯，奈飞第四季度营收120.5亿美元，预估119.7亿美元；第四季度每股收益0.56美元，上年同 期0.43美元。奈飞预计2026年营收507亿美元至517亿美元，预估509.6亿美元。奈飞盘后跌超1%。 ...

Exhibit 99.1 January 20, 2026 Fellow shareholders, | (in millions except per share data) | | Q4'24 | | Q1'25 | | Q2'25 | | Q3'25 | | Q4'25 | | Q1'26 Forecast | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue | $ | 10,247 | $ | 10,543 | $ | 11,079 | $ | 11,510 | $ | 12,051 | $ | 12,157 | | Y/Y % Growth | | 16.0 % | | 12.5 % | | 15.9 % | | 17.2 % | | 17.6 % | | 15.3 % | | Operating Income | $ | 2,273 | $ | 3,347 | $ | 3,775 | $ | 3,248 | $ | 2,957 | $ | 3,906 | | Oper ...

LOS ANGELES, Jan 20 (Reuters) - Netflix beat Wall Street's revenue and earnings estimates for its holiday quarter on Tuesday but its shares tumbled more than 4% in after-hours trading, as the streaming giant remains locked in a fierce bidding war for Warner Bros Discovery. The company reported results hours after amending ​its $82.7 billion merger agreement with Warner Bros, as it seeks to fend off a hostile bid from Paramount Skydance. "Historically, Netflix has not shied away from doing what’s right ‌ ...

Netflix exceeded Wall Street's revenue estimates for its holiday quarter, as it crossed 325 million subscribers, the company said on Tuesday. ...

Group 1 - The article provides earnings reminders and analysis on Netflix, indicating a focus on the company's financial performance and market position [1] - It highlights the delivery of market updates and stock recommendations, suggesting a proactive approach to investment opportunities [1] Group 2 - The content emphasizes the importance of staying informed about earnings and market trends, which is crucial for making informed investment decisions [1]

Core Viewpoint - The structure of Netflix's acquisition bid for Warner Bros. Discovery has changed significantly, moving from a mixed cash and stock offer to an all-cash proposal, which simplifies the decision-making process for shareholders [1][2][3]. Group 1: Deal Structure - The original agreement involved Warner Bros. Discovery shareholders receiving $23.25 in cash and $4.50 in Netflix stock per share, while the amended deal offers a fixed cash payment of $27.75 per share [1][2]. - The revised agreement maintains a spin-off structure, separating the studio, library, and HBO Max into a new entity that Netflix will acquire, while leaving CNN and other cable channels under Discovery Global [5][6]. Group 2: Shareholder Impact - Shareholders will receive cash for the studio and HBO Max assets, along with an equity stake in Discovery Global, contrasting with the competing bid from Skydance, which offers a flat $30 per share for the entire Warner Bros. Discovery [7]. - Warner's board has indicated that the all-cash proposal maximizes value for shareholders in a timely and certain manner, providing clarity on the valuation of the remaining assets [6]. Group 3: Competitive Landscape - Skydance, backed by Paramount, is attempting to disrupt Netflix's agreement with a $30 per-share hostile offer and has indicated readiness for a proxy fight to replace Warner's board members [8]. - Skydance's proposal is positioned as both financially superior and more favorable from a regulatory standpoint, as it avoids merging Netflix's streaming platform with a legacy studio [9].