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AI brief of an SEC Form 8-K · Netflix (NFLX)

Netflix Q4 revenue rises 18% to $12.1 billion; 2026 revenue forecast $50.7 billion-$51.7 billion

Positive Impact 4 of 5 earnings Written later

Netflix reported fourth-quarter 2025 revenue of $12.1 billion, up 18% year over year, and operating income of $3.0 billion, up 30%. The company also gave a 2026 revenue forecast of $50.7 billion to $51.7 billion and an operating margin target of 31.5%, and said the Warner Bros. acquisition was amended to an all-cash deal at $27.75 per WBD share, with share buybacks paused to help fund it.

Key points

  • Q4 2025 revenue $12.1 billion, up 18% year over year; operating income $3.0 billion, up 30%
  • Diluted EPS $0.56 vs $0.43 in Q4 2024; net income $2.4 billion vs $1.9 billion
  • 2026 forecast: revenue $50.7 billion-$51.7 billion and operating margin of 31.5%
  • Warner Bros. deal amended to all-cash at $27.75 per WBD share; bridge facility commitments raised by $8.2 billion to $42.2 billion on January 19, 2026

The filing

CompanyNetflix (NFLX)
Form8-K, current report
Filed with the SECJan 20, 2026, 4:07 PM ET
Accession number0001065280-26-000033

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.