"Netflix's board approved a $25 billion share repurchase program on April 22, 2026, with no expiration date, in addition to a previous buyback that had $6.8 billion remaining."
"Shares rose 1.5% in premarket trading on April 23 following the buyback announcement, recovering from a decline after a mixed Q1 earnings report that saw shares fall 9-10%."
"Revenue grew 16% year-on-year to $12.25 billion, exceeding the $12.18 billion analyst consensus, while earnings per share were significantly boosted by a one-time $2.8 billion termination fee."
"The ad-supported tier reached 190 million monthly active viewers across 12 countries, positioning Netflix to potentially double its ad revenue to $3 billion for the full year."
Netflix's board authorized a $25 billion share repurchase program with no expiration date on April 22, 2026. This follows a previous buyback approved in December 2024, which had $6.8 billion remaining. Shares rose 1.5% after the announcement, recovering from a decline following a disappointing Q1 earnings report. Revenue grew 16% year-on-year to $12.25 billion, surpassing analyst expectations. However, earnings per share were inflated by a one-time $2.8 billion termination fee from a failed acquisition attempt. Paid members exceeded 325 million globally, with significant growth in the ad-supported tier.
Read at TNW | Netflix
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