Netflix beats quarterly expectations amid fight to acquire Warner Bros. Discovery, suggesting it's in a position of strength, not necessity. ...

Group 1 - The fourth quarter earnings season is gaining momentum, with major financial institutions like Charles Schwab and regional banks such as Fifth Third set to report results, alongside Netflix and Intel, which are expected to draw significant attention [1][5] - An optimistic consensus is emerging, with 7% of S&P 500 companies having reported fourth quarter results as of January 16, and analysts projecting an 8.2% increase in earnings per share for the quarter, marking the 10th consecutive quarter of annual earnings growth for the index if this trend continues [2] - Analysts had initially anticipated an 8.3% increase in earnings per share heading into the reporting period, a decrease from the previous quarter's 13.6% growth rate, but expectations have been raised recently, particularly for technology companies that have been key drivers of earnings growth [3] Group 2 - The current earnings season is expected to test the improved stock market breadth observed at the beginning of 2026, with ongoing themes from 2025, such as artificial intelligence and economic policies, continuing to influence market dynamics [4] - This week's earnings releases will also include reports from notable companies such as United Airlines, 3M Company, D.R. Horton, Johnson & Johnson, GE Aerospace, Procter & Gamble, Abbott Laboratories, and Capital One [5]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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 ...

Financial Performance - Netflix's fourth-quarter earnings per share were 56 cents, slightly exceeding expectations by one penny, while revenue reached $12.051 billion, surpassing the target of approximately $12 billion [1] - Total ad revenue for Netflix in 2025 exceeded $1.5 billion, which is 2.5 times the revenue generated in 2024 [3] Subscriber Growth - The company reported a global subscriber base of over 325 million, with nearly 19 million new sign-ups in the quarter, bringing the total to 301.6 million [4] Content and Engagement - The holiday quarter featured the successful launch of the final season of "Stranger Things" and an NFL Christmas Day doubleheader, contributing to a new industry record in total streaming [2] - Total viewing hours increased by 2% compared to the same period in 2024, driven by a 9% rise in viewing of branded originals [2] Strategic Moves - Netflix has made significant progress in its advertising business, which it previously vowed not to pursue, and is actively involved in thwarting Paramount's hostile bid for Warner Bros. following its own $82.7 billion acquisition proposal [5]

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 ...

Core Viewpoint - Netflix exceeded Wall Street's revenue and earnings estimates for the holiday quarter but experienced a decline in share price due to ongoing competition for Warner Bros Discovery [1][2] Financial Performance - Netflix reported revenue of $12.1 billion for the fourth quarter, surpassing analyst forecasts of $11.97 billion [2] - Adjusted earnings per share were 56 cents, slightly above the expected 55 cents [2] Subscriber Growth - The company achieved a membership increase, reaching 325 million paid subscribers, up from 300 million in late 2024 [3] Viewership Metrics - Nielsen reported a 10% increase in Netflix's monthly viewership in December, driven by the final season of "Stranger Things," which garnered 15 billion viewing minutes [4] Future Revenue Projections - Netflix provided a revenue forecast of $50.7 billion to $51.7 billion for 2026, with the lower end falling short of analysts' expectations of $50.98 billion [5] - The forecast includes a projected doubling of advertising revenue to approximately $3 billion [5] Strategic Initiatives - The company plans to invest in new initiatives, including expanding live events internationally and entering the video podcast space with notable personalities [6] - Netflix is establishing operation centers in the UK and Asia to support the growth of live events and enhance its advertising business [7] - The company is diversifying its advertising formats, including interactive video ads and creative combinations to improve business outcomes [7]