Netflix Q4 Earnings Beat

Benzinga

Netflix reached a record 325 million global paid subscribers and posted fourth-quarter earnings that narrowly beat expectations, with revenue rising 18% year over year on subscriber growth, price increases, and advertising momentum. Ad revenue topped $1.5 billion in 2025 and is expected to roughly double next year, while the company guided 2026 revenue of $50.7–$51.7 billion. Despite the solid operating outlook, shares fell more than 4% after hours after Netflix amended its proposed $72 billion acquisition of Warner Bros Discovery’s streaming and film studio assets to an all-cash offer and paused share repurchases to help fund the deal.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Netflix reported reaching 325 million global paid subscribers,

00:07marking a new milestone one year after last disclosing membership figures, according to CNBC.

00:13The streaming giant reported fourth quarter earnings of 56 cents per share on $12.05 billion

00:20in revenue, narrowly topping estimates. Net income rose to $2.42 billion from $1.87 billion

00:28a year earlier. Revenue increased 18% year over year, driven by subscriber growth,

00:35higher prices, and advertising. Netflix said 2025 ad revenue exceeded $1.5 billion,

00:42more than 2.5 times higher than 2024. The company forecast 2026 revenue of $50.7 billion to $51.7

00:51billion and expects ad revenue to roughly double. The report comes as the company amends its proposed

00:58$72 billion acquisition of Warner Brothers Discoveries, streaming and film studio assets

01:03to an all-cash offer and pauses share repurchases to fund the transaction.

01:08Shares fell more than 4% after hours.

01:11For all things money, visit Benzinga.com.

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