Core Insights - Netflix narrowly exceeded Wall Street's revenue estimates for the holiday quarter, reporting revenue of $12.1 billion, surpassing forecasts of $11.97 billion [2][6] - The company forecasts annual revenue for 2026 to be between $50.7 billion and $51.7 billion, with expectations for ad revenue to roughly double [10] - Netflix's subscriber base has surpassed 325 million globally, with a notable increase in monthly viewership by 10% in December, attributed to the final season of "Stranger Things" [3][10] Financial Performance - Adjusted per-share earnings for the fourth quarter were reported at 56 cents, slightly above estimates of 55 cents per share [8] - The company has secured commitments for a $59 billion bridge loan to support its acquisition of Warner Bros. Discovery, increasing the commitment by $8.2 billion for an all-cash offer of $27.75 per share [4][8] Strategic Moves - Netflix is pursuing a $82.7 billion acquisition of Warner Bros. Discovery's studio and other entertainment assets to enhance its content library and fend off competition [4][7] - The amended merger agreement aims to expedite the timeline for a stockholder vote and provide greater financial certainty [5]