Netflix increased its revenue by around 18% in the final quarter of 2025, surpassing $12 billion, and reached more than 325 million subscribers worldwide.
The company has updated its offer to acquire Warner Bros. Discovery’s studio and streaming assets to an all-cash bid.
The revised offer values WBD shares at $27.75 per share and does not include Netflix stock. The agreement was unanimously approved by the boards of directors of both Netflix and Warner Bros. Discovery.
The acquisition will be completed after Warner Bros. Discovery separates into two companies: Warner Bros. and Discovery Global. Completion of the transaction is subject to regulatory approvals, approval by WBD shareholders, and other customary closing conditions.
Despite a competing $30-per-share offer from Paramount Skydance, WBD maintains that Netflix’s proposal is financially more secure. Regulatory review processes have begun with the US Department of Justice and the European Commission, with approval expected to take between 12 and 18 months.
Among the platform’s 2026 priorities are expanding content variety, increasing investment in live events, and growing its video podcast strategy.
