Streaming giant Netflix (NFLX) has reported fourth-quarter 2025 financial results that beat Wall Street forecasts.
The company announced earnings per share (EPS) of $0.56 U.S., which narrowly topped the $0.55 U.S. expected among analysts.
Revenue in the October to December quarter totaled $12.05 billion U.S., which was also slightly ahead of the $11.97 billion U.S. forecast on Wall Street. Sales were up 18% from a year earlier.
Netflix also reported that it had 325 million global paid subscribers at the end of 2025, a new milestone for the company that last reported membership numbers a year ago.
Management said that the results were driven by membership growth, higher subscription pricing, and increased advertising revenue.
Netflix launched advertisements on its platform in 2022. The company now says that 2025 ad revenue grew by more than 2.5-times 2024 levels to more than $1.5 billion U.S.
The company said it expects 2026 revenue to range between $50.7 billion U.S. and $51.7 billion U.S., due to increases in membership and pricing.
Netflix’s latest quarterly results come as the company tries to acquire rival Warner Bros. Discovery’s (WBD) streaming and film studio assets.
Last December, Netflix offered $83 billion U.S. to acquire streamer HBO Max and the Warner Bros. film studio.
Hours before reporting its latest financials, Netflix amended its offer to make it an all-cash deal. However, Netflix faces a hostile rival bid for Warner Bros. from Paramount Skydance (PSKY).
NFLX stock is down 7% immediately after its latest print. Over the last 12 months, the company’s share price has been flat and trading at $87.26 U.S. per share.
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