Q4 25 EPS
$0.56
BEAT +1.82%
Est. $0.55
Q4 25 Revenue
$12.05B
BEAT +0.70%
Est. $11.97B
vs S&P Since Q4 25
+6.0%
BEATING MARKET
NFLX +11.1% vs S&P +5.1%
Full Year 2025 Results
FY 25 EPS
$2.53
MISS 0.91%
Est. $2.55
FY 25 Revenue
$45.18B
BEAT +0.19%
Est. $45.10B
Market Reaction
Did NFLX Beat Earnings? Q4 2025 Results
Netflix closed out fiscal 2025 on a high note, reporting Q4 earnings per share of $0.56 against a consensus estimate of $0.55, a beat of 1.82%, while revenue of $12.05 billion edged past the $11.97 billion estimate and grew 17.6% year over year. The … Read more Netflix closed out fiscal 2025 on a high note, reporting Q4 earnings per share of $0.56 against a consensus estimate of $0.55, a beat of 1.82%, while revenue of $12.05 billion edged past the $11.97 billion estimate and grew 17.6% year over year. The quarter's strength was underpinned by a combination of membership growth past 325 million paid subscribers, continued pricing power, and ad revenue that more than doubled for the full year to over $1.50 billion, reflecting the rapid maturation of Netflix's still-young advertising business. For those watching closely, the results validated key growth levers heading into a transformative year shaped by the pending all-cash acquisition of Warner Bros. At $27.75 per share. Looking ahead, Netflix guided 2026 revenue of $50.70 billion to $51.70 billion, representing 12% to 14% growth, with operating margin expanding to 31.5% and free cash flow expected near $11.00 billion, even as share buybacks pause to fund the deal.
Key Takeaways
- • Membership growth exceeding 325M paid memberships
- • Higher pricing across plans
- • Ad revenue grew more than 2.5x to over $1.5B in 2025
- • Strong Q4 branded content slate driving 9% YoY increase in originals viewing
- • US TV time share reached all-time high of 9.0% in December
- • 96 billion hours watched in H2 2025, up 2% YoY
NFLX YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
NFLX Revenue by Segment
With YoY comparisons, source: SEC Filings
NFLX Revenue by Geography
With YoY comparisons, source: SEC Filings
NFLX Earnings Trends
NFLX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NFLX EPS Trend
Earnings per share: estimate vs actual
NFLX Revenue Trend
Quarterly revenue: estimate vs actual
NFLX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.23 | — | $12.25B | +0.63% |
| Q4 25 BEAT FY | $0.55 | $0.56 | +1.82% | $12.05B | +0.70% |
| FY Full Year | $2.55 | $2.53 | -0.91% | $45.18B | +0.19% |
| Q3 25 MISS | $6.97 | $5.87 | -15.79% | $11.51B | -0.01% |
| Q2 25 BEAT | $7.06 | $7.19 | +1.89% | $11.08B | +0.40% |
| Q1 25 BEAT | $5.66 | $6.61 | +16.83% | $10.54B | +0.35% |