Lates News

Netflix fell 3.5% in early trading on Wednesday. The company reported fourth quarter revenue of $12.05 billion, earnings per share of $0.56, and a global paid subscriber base of 325 million. The company stated that advertising sales will exceed $1.5 billion in 2025, and predicted revenue between $50.7 billion and $51.7 billion in 2026. They also announced a suspension of stock buybacks to provide funds for a potential acquisition of Warner Bros. Discovery.