Archive · 21 Jan 2026
Netflix Reports Mixed Q4 Results, Shares Fall
Netflix recently shared its financial results for the last three months of 2025.
They made a bit more money than experts expected, with earnings of 56 cents per share and revenue of $12.051 billion.
Their ad revenue was especially impressive, reaching $1.5 billion in 2025, which is a lot more than the previous year.
They also shared that they have over 325 million subscribers, and when you count all the people watching in each household, that's almost one billion people worldwide.
Netflix is planning to grow by making more shows and movies, improving their service, and expanding their ad business.
They expect to make around $51 billion in 2026, with ad revenue doubling to over $3 billion.
Despite the good news, their stock price dropped a bit because some investors are worried about their plans to buy Warner Bros.
and the challenges they might face.
Netflix also revised the terms of the deal to make it all-cash and to provide more certainty about the transaction, with a shareholder vote expected by April of this year.
Paramount Skydance has filed a lawsuit against Warner Bros.
Discovery, seeking to compel the board to provide certain information to shareholders that it argues will cast its offer in a more favorable light.
Netflix's Q4 earnings per share were 56 cents, exceeding estimates by a penny.
Revenue for the quarter was $12.051 billion, surpassing the $12 billion target.
Total ad revenue for 2025 reached $1.5 billion, a significant increase from 2024.
Netflix's subscriber base is now over 325 million, with a total audience approaching one billion people globally.
The company projects full-year revenue growth of 12% to 14% for 2026, with ad revenue expected to double to over $3 billion.
- Who
- Netflix
- What
- Reported Q4 earnings and ad revenue growth, shares fall over 5%
- When
- Fourth quarter of 2025, with a forecast for 2026
- Where
- Global
- Why
- To update shareholders and investors on financial performance and future plans, including the Warner Bros. acquisition
Netflix
Investors
Revenue Growth
Netflix
Netflix expects revenue to be essentially flat in the current quarter, focusing on improving core business and ad revenue.
Investors
Investors are concerned about the stagnant revenue growth and the impact of the Warner Bros. acquisition.
- Earnings per share
- 56 cents
- Revenue
- $12.051 billion
- Ad revenue in 2025
- $1.5 billion
- Projected 2026 ad revenue
- More than $3 billion
- Projected 2026 full-year revenue
- Around $51 billion
- Subscriber base
- North of 325 million
- Total audience
- Approaching one billion people globally
- Shares drop
- More than 5%
- Forecasted Q1 2026 revenue
- $12.1 billion