Filing: Netflix plans a 25B share buyback, adding to a Dec. 2024 program that still has 6.8B for purchases; NFLX is down 13% since its Q1 earnings on April 16 (Amy Thomson/Bloomberg)

Amy Thomson / Bloomberg: Filing: Netflix plans a 25B share buyback, adding to a Dec. 2024 program that still has 6.8B for purchases; NFLX is down 13% since its Q1 earnings on April 16 — Netflix Inc. plans to buy back another $25 billion in stock after a disappointing financial outlook sent shares of the streaming pioneer plunging.

Netflix reports Q1 revenue up 16% YoY to 12.3B, vs. 12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours (Lucas Shaw/Bloomberg)
Netflix plans to launch a vertical video feed, to help with content discovery, this month, and plans to use AI for content creation and recommendations (Ivan Mehta/TechCrunch)
Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits (Isabella Simonetti/Wall Street Journal)
Netflix says its 2026 ad revenue remains on track to reach $3B, doubling from 2025, and it now works with over 4,000 advertising clients, up 70% YoY (Bill Bradley/Adweek)

Source: Techmeme | 2026-04-23

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