Netflix beats Q4 2025 earnings and tops 325M subscribers — but the Warner Bros. bet spooks investors
LOS ANGELES, Jan 20, 2026, 13:50 PST Netflix barely surpassed Wall Street’s revenue forecasts for the holiday quarter and reported surpassing 325 million subscribers. Still, shares fell roughly 4% in after-hours trading Tuesday as investors focused on the expenses and risks tied to its planned Warner Bros. acquisition. (Reuters) The timing is crucial as Netflix ramps up live programming and…