Overview
- Netflix reports fourth-quarter 2025 results on Tuesday, Jan. 20, after the market close, with consensus at $0.55 EPS and $11.97 billion in revenue.
- Shares have fallen roughly 28%–30% since October, following a Q3 operating-margin miss and a large Brazilian tax charge.
- Wall Street is focused on operating margins, advertising revenue traction, and forward guidance, after Netflix guided to a 23.9% Q4 operating margin and 29.3% for 2025.
- Deal uncertainty persists as Netflix pursues Warner Bros. Discovery’s streaming and studio assets while Paramount Skydance mounts a hostile offer for all of WBD and legal fights slow progress.
- Analyst sentiment is mixed, with Wedbush trimming its target to $115 but staying positive on ads, and TipRanks’ average target near $127 implying about 44% upside.