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Netflix Boosts Stock-Buyback Program by $25 Billion [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
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. Most Read from The Wall Street Journal U.S. Officials Try to Get a Grip on Risks Bubbling Inside Private Credit Trump Administration Nearing Rescue Deal for Spirit Airlines Lululemon Is Picking a Former Nike Executive to Be Its Next CEO What Everyone Got Wrong About Jobs and the Immigration Crackdown Tesla Surprises Wall Street With Better Profits, $1.4 Billion in Free Cash Flow 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 C
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