Overview
- Netflix topped Q4 expectations with $12.05 billion in revenue and $2.4 billion in net income, or $0.56 per share.
- The company guided 2026 revenue to $50.7 billion to $51.7 billion, implying 12% to 14% growth versus 16% in 2025, and the stock fell to around $83.40, a 52-week low.
- Management signaled modestly faster expense growth this year, prompting investor concerns about near-term profitability.
- Wedbush projects at least $3 billion in advertising revenue for 2026, framing ads as an underappreciated growth driver.
- Netflix’s raised all-cash offer for Warner Bros. Discovery assets stands at $27.75 per share, valuing the deal at about $82.7 billion including some debt, with shareholder, regulatory, integration, and rival-bid uncertainties still unresolved.