Netflix Boosts Stock-Buyback Program by $25 Billion

By Colin Kellaher

Netflix's board has added $25 billion to the streaming giant's stock-buyback program.

Netflix said the new authorization is in addition to the roughly $6.8 billion remaining under the $15 billion repurchase program the Los Gatos, Calif., company's board approved in December 2024.

The increased stock buyback comes after Netflix earlier this year dropped its $72 billion bid for Warner Bros. Discovery's film and TV studios and HBO Max streaming service.

Netflix, which had more than 4.2 billion shares outstanding as of March 31, sports a market capitalization of nearly $393 billion.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

04-23-26 0640ET