Netflix’s 2025 earnings and operating report is in, and so are the latest management comments on its megadeal for Warner Bros., which the streamer amended to make it all-cash just ahead of the financial update. The question going into the latest set of results was whether the earnings report and executive commentary could refocus investor attention away from the big transaction, which has been a drag on the stock, onto fundamentals, and if it could do so in a positive way.
The streaming giant’s fourth-quarter updates included news that it ended 2025 with more than 325 million global paid subscribers, up from 302 million as of the end of 2024. But the company’s financial outlook, especially for profit margins, disappointed.
In content-focused highlights, Netflix also disclosed on Tuesday that KPop Demon Hunters is its most-watched movie or show by a long shot. And in his comments, co-ceo Ted Sarandos focused on the…
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