Netflix Q4 Earnings Beat

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.