Netflix (NFLX) Q4 2025 (USD): EPS 0.56 (exp. 0.55), Revenue 12.05bln (exp. 11.97bln); to pause buybacks to fund pending Warner Bros. (WBD) deal

Netflix's Q4 2025 results showed a slight beat in EPS and revenue compared to expectations, indicating solid underlying performance as they prepare for the pending Warner Bros.

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United Airlines (UAL) Q4 2025 (USD): Adj. EPS 3.10 (exp. 2.93), Revenue 15.4bln (exp. 15.37bln)

Netflix (NFLX) Q4 2025 (USD): EPS 0.56 (exp. 0.55), Revenue 12.05bln (exp. 11.97bln); to pause buybacks to fund pending Warner Bros. (WBD) deal

Interactive Brokers Group Inc. Class A (IBKR) Q4 2025: EPS 0.63 (exp. 0.59), Revenue 1.64bln (exp. 1.64bln)

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Key Metrics:

  • FCF 1.87bln (exp. 1.46bln).

Q1 Guidance:

  • Revenue 12.16bln (exp. 12.17bln).
  • EPS 0.76 (exp. 0.81).
  • Op. income 3.91bln (exp. 4.18bln).
  • Op. margin 32.1% (exp. 34.4%).

FY26 Guidance:

  • Revenue 50.7-51.7bln (exp. 50.96bln).
  • Op. margin 31.5% (exp. 32.4%).
  • FCF 11bln (exp. 11.93bln).

Commentary:

  • H2 '26 op. income growth to exceed H1.
  • Sees '26 ad revenue about doubling vs. '25.
Context

deal, which will pause buybacks. However, guidance for Q1 and FY26 misses on key metrics could signal pressures that might weigh on investor sentiment. Overall, while the growth in ad revenue is promising, the decision to halt buybacks raises questions about cash flow priorities moving forward.

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