Netflix reports earnings after the bell. Here's what to expect

Netflix volition study its fourth-quarter net aft the doorbell connected Tuesday, with questions surrounding its pending acquisition of Warner Bros. Discovery's assets apical of caput for investors.

In caller years Netflix's quarterly reports person been mostly steady -- with the exception of a miss connected net estimates past quarter, related to a unsocial one-time charge. Netflix stopped reporting subscriber numbers successful aboriginal 2025 — erstwhile it said it had more than 300 million planetary subscribers — and has alternatively focused connected its strategy displacement toward increasing its advertising-supported business.

For respective quarters, Wall Street has been peculiarly focused connected that ad-supported business, immoderate effects of recent terms increases connected the subscriber base, and Netflix's contented pipeline.

Here's however the institution is expected to execute for successful its 4th fourth according to analysts polled by LSEG:

• Earnings per share: 55 cents, according to LSEG
• Revenue: $11.97 billion, according to LSEG

This quarter's financials, however, are apt to beryllium overshadowed by Netflix's announcement successful December that it had agreed to acquire Warner Bros. Discovery's streaming and movie workplace assets for $27.75 per WBD share, oregon an equity worth of $72 billion.

The projected acquisition came arsenic a daze to the marketplace arsenic the streaming elephantine has agelong stayed distant from manufacture consolidation and mega deals.

"Q4 was a large flex for Netflix, marked by bolder swings to thrust maturation beyond its core," said Mike Proulx, vice president and probe manager astatine Forrester. "That's notable for a institution that touts itself arsenic much builders than buyers. Yet Netflix's Q4 actions accidental otherwise."

Since the announcement, Netflix's banal has fallen successful response. Since October, erstwhile Netflix was archetypal rumored to beryllium funny successful the assets, the company's banal dropped astir 30%.

And the imaginable acquisition has not been without its bumps. Soon aft announcing the woody with Netflix, Paramount Skydance launched a hostile effort to bargain each of WBD.

As Paramount's unit to get WBD has ramped up, Netflix this week amended its connection to beryllium all-cash. Meanwhile, there's besides been questions astir whether Netflix's acquisition of WBD would person indispensable regulatory approval.

"2026 volition beryllium a defining twelvemonth for Netflix. If the Warner Bros. woody really happens, it volition reposition a recently beefed‑up Netflix, not conscionable wrong the streaming market, but crossed the amusement manufacture astatine large. But that combat is lone the beginning. Expect tons much play arsenic the bidding warfare plays retired this year," Proulx said.

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