Netflix announces $25 billion share buyback

Netflix on Thursday ‌said its ⁠board ⁠authorized an additional $25 billion share repurchase program, on top of a buybackapproved in December ⁠2024, with ‌no expiration date.

Shares of the ⁠streaming giant rose 1.5% in premarket trading.

Netflix had previously said it planned to resume share repurchases while investing about $20 ‌billion this year in films and television, after ⁠walking away from a deal to buy Warner Bros Discovery assets.