Netflix(US:NFLX) Zheng Quan Shi Bao Wang·2026-01-21 00:41Core Viewpoint - The company reported a strong fourth-quarter performance with revenue of $12.05 billion, a year-over-year increase of 17.6%, exceeding analyst expectations [1] - The diluted earnings per share (EPS) was $0.56, reflecting a 30.2% year-over-year growth, also surpassing forecasts [1] - The total number of global paid subscribers exceeded 325 million [1] Financial Performance - The company expects first-quarter 2026 revenue to be $12.16 billion, slightly below analyst expectations [1] - The projected EPS for the first quarter is $0.76, lower than the anticipated $0.82 [1] - The full-year operating margin is expected to be 31.5%, below the market expectation of 32.4% [1] Strategic Decisions - The company indicated that the full-year operating margin guidance includes approximately $275 million in costs related to the Warner Bros. acquisition [1] - To support this all-cash acquisition, the company has increased its bridge loan commitments and has paused its stock buyback program [1] Future Outlook - The company plans to increase spending on film and television content by 10% in 2026 [1] - It is expected that advertising revenue will double to approximately $3 billion in 2026 compared to 2025, becoming a significant driver of revenue growth [1]