NETFLIX (NFLX) Company Report

WEBTOON Entertainment to co-produce 10 animated series with Warner Bros. Animation for global distribution.
Partnership expands WEBTOON's animation pipeline, supported by U.S.-based WEBTOON Productions and Japanese IP teams.
Initial slate includes Korean originals like ‘Sodmaster with a Star’, ‘Yeorep Warrior’, ‘Down to Us’, and ‘Elf & Warrior’, plus two English originals.
WEBTOON's stock price has surged 72% over the past six months, with a current valuation of $2.15 billion, backed by positive ratings from Evercore ISI and Goldman Sachs.

Nov 12, 2025, 9:05 PM

Morningstar

Netflix announces weekly distributions for YieldMax® Group 2 ETFs

NFLX

Dividends

The YieldMax® ETFs, managed by Tidal Investments, LLC, will pay weekly distributions for Group 2 ETFs beginning November 14, 2025.
Distribution per share spans $0.0258 (MRNY) to $0.9205 (HOOY).
Annualized Distribution Rates range from 24.08% (APLY) to 125.74% (WNTR), with 30-Day SEC Yields between 0.99% (AMDY) and 4.02% (DRAY).
Several ETFs include significant Return of Capital components, with estimates up to 97.56% for FIAT.
All YieldMax® ETFs carry a 0.99% gross expense ratio and Distribution Rates are calculated as of November 11, 2025.

Nov 12, 2025, 11:55 AM

Press Release

Netflix explores bid for Warner Bros. Discovery studio and streaming business

NFLX

M&A

Takeover Bid

Netflix has hired Moelis & Co. to advise on a potential bid for Warner Bros. Discovery’s studio and streaming assets, gaining access to its financial data.
The acquisition would give Netflix control over major franchises like Harry Potter and DC Comics, bolstering its content portfolio.
CEO Ted Sarandos emphasized Netflix’s builder mentality but noted it evaluates acquisitions that strengthen offerings, while remaining uninterested in cable networks such as CNN and TNT.
Warner Bros. Discovery has received multiple unsolicited offers and is weighing a planned business split or a sale of parts or the entire company.

Oct 31, 2025, 8:42 AM

Bloomberg

Netflix announces 10-for-1 stock split

NFLX

M&A

Netflix will implement a 10-for-1 stock split, its first since 2015, to reduce per-share price and broaden investor and employee access.
Shareholders of record on November 10, 2025 will receive nine additional shares for each held, with the split effective November 17 and target post-split price of ~$109.
The split aims to enhance trading liquidity, lower option exercise barriers for employees, and boost retail investor participation without altering market capitalization.
Netflix has also engaged Moelis & Co. to explore a potential acquisition of Warner Bros Discovery, signaling strategic expansion interest.

Oct 31, 2025, 5:57 AM

Bloomberg

Netflix releases 2025 U.S. State of Streaming report

NFLX

Streaming now accounts for 60% of all TV time, marking a 46% year-over-year increase as viewers shift from linear to on-demand platforms.
When shows air on both linear and streaming, 67% of total viewership moves to streaming, exceeding 90% for major 2025 originals like Alien: Earth and The Last of Us.
Over half of SVOD subscribers now opt for ad-supported plans—Prime Video at 78%, Hulu at 62%—enabling the average U.S. household to manage 3.2 subscriptions.
Netflix leads originals, accounting for 51% of top streaming titles by volume, while Apple TV and HBO Max dominate prestige content and Emmy wins, and Disney+ captures diverse audiences.

Oct 30, 2025, 1:00 PM

Press Release

Netflix investigated by Portnoy Law Firm over possible securities fraud

NFLX

Legal Proceedings

Portnoy Law Firm has launched an investigation into Netflix for possible securities fraud and may file a class action on behalf of investors.
The probe focuses on an alleged failure to disclose a $619 million tax charge in Brazil that contributed to an approximate 10 % stock drop on October 22, 2025.
Plaintiffs contend Netflix’s board and officers may have breached fiduciary duties, lacked adequate internal controls, and provided insufficient disclosures regarding the Brazilian tax dispute.

Oct 28, 2025, 7:34 PM

Press Release

Netflix reports Q3 2025 results

NFLX

Earnings

Legal Proceedings

Recorded a Contribution for Intervention in Economic Domain (CIDE) tax expense covering 2022–Q3 2025 after a Brazil Supreme Court ruling, with 20% of the charge for 2025 and no expected material future impact.
Ads revenue more than doubled in 2025, driven by U.S. upfront commitments and strong programmatic growth; ad fill rates and ad-tech capabilities continue to improve.
Total view hours accelerated in Q3 2025, achieving record U.S. share of 8.6% and UK share of 9.4%, led by major events like the Canelo-Crawford fight and “Demon Hunters” film.
Outlined a robust Q4 2025 and 2026 content slate, featuring the “Stranger Things” finale, returning hits (e.g., Bridgerton, One Piece) and major films from directors Greta Gerwig, Denzel Washington, and Ben Affleck.
Advancing interactive and gaming initiatives—launching live voting and party games—and maintaining a selective M&A stance while prioritizing organic growth.

Oct 21, 2025, 8:45 PM

Transcript

Netflix reports Q3 2025 results

NFLX

Earnings

Revenue aligned with expectations; operating income would have exceeded forecasts absent a 10% Brazilian outbound payment tax charge covering 2022–2025, with ~20% attributed to 2025.
US and UK engagement hit record quarterly TV share at 8.6% and 9.4% respectively, driven by flagship events like Canelo vs Crawford (41 million live+1 viewers) and K-Pop: Demon Hunters, Netflix’s top film ever.
Advertising revenue more than doubled in 2025, led by 100%+ growth in US upfront commitments and accelerated programmatic uptake, supported by Netflix’s evolving ad tech suite and improving fill rates.
Strategic expansion across live events, games, and podcasts—including TV-playable party games and a Spotify video podcast partnership—complements a robust Q4/2026 content slate, with financial objectives unchanged for healthy growth, margin expansion, and free cash flow.

Oct 21, 2025, 8:45 PM

Transcript

Netflix reports Q3 2025 results and updates full-year guidance

NFLX

Earnings

Guidance Update

Share Buyback

Q3 2025 revenue of $11.51 billion (+17% Y/Y) and operating income of $3.25 billion (28.2% margin) fell below the guided 31.5% margin due to a $619 million Brazilian tax dispute expense.
Q4 2025 guidance: revenue $11.96 billion (+17% Y/Y) with a 23.9% operating margin; full-year 2025 revenue now forecast at $45.1 billion (16% growth) and 29% margin.
Cash flow & buybacks: Q3 net cash from operations $2.83 billion, free cash flow $2.66 billion; 2025 FCF expected at $9 billion; repurchased 1.5 million shares for $1.9 billion (remaining authorization $10.1 billion).
Achieved highest quarterly view share ever in the US and UK, up 15% and 22% since Q4 2022, respectively.

Oct 21, 2025, 8:02 PM

8-K

Netflix announces global master toy partnerships for KPop Demon Hunters

NFLX

Product Launch

New Projects/Investments

Netflix named Mattel and Hasbro as global co-master toy licensees for KPop Demon Hunters, launching a portfolio of toys, collectibles, and games beginning spring 2026.
Since its June 2025 release, KPop Demon Hunters has become Netflix’s most popular film with 325 million views in 91 days; its soundtrack hit #1 on Billboard 200 with 8.3 billion streams, and the single “Golden” set a Billboard Hot 100 record.
Through the Netflix–Mattel partnership, Mattel will release dolls, action figures, accessories, and collectibles, starting with a presale of a HUNTR/X doll three-pack on Mattel Creations from November 12, 2025.
Through the Netflix–Hasbro partnership, Hasbro will launch MONOPOLY Deal: KPop Demon Hunters for pre-order on October 21, 2025 (ships January 1, 2026) and develop plush, youth electronics, and role-play products leveraging HASBRO GAMES, Wizards of the Coast, NERF, and Furby.

Oct 21, 2025, 5:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for NETFLIX.

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