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2w ago

Netflix Approves Open-Ended $25 Billion Stock Buyback

The move signals a return to sending excess cash to investors following the decision to drop a Warner Bros. pursuit.

A drone view shows the Netflix logo on one of the company's buildings in the Hollywood neighborhood in Los Angeles, California, U.S., January 20, 2026. REUTERS/Daniel Cole/File Photo
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Overview

  • Netflix’s board authorized the extra $25 billion on Wednesday in an SEC filing with no end date, a move that lifted the stock about 1.5% in premarket trading.
  • The new approval sits on top of the December 2024 program, which still had $6.8 billion available as of March 31.
  • Total buyback capacity now tops $31 billion, combining the fresh authorization with remaining prior funds.
  • The decision comes after Netflix walked away from a proposed Warner Bros. Discovery deal and received a reported $2.8 billion termination payment from Paramount.
  • Management says it will keep about $20 billion flowing to films and TV in 2026 and push ads, live programming, games and AI, with repurchases allowed through several methods and halted if conditions change.