Netflix's Q4 performance is excellent, but the Q1 guidance is disappointing. The company has suspended its share buyback for the acquisition of Warner, and the stock fell more than 5% in after-hours trading. | Earnings Report Insights
American streaming giant Netflix reported better-than-expected performance in the fourth quarter of 2022, with global subscription users exceeding 325 million. However, it provided cautious guidance for the first quarter and the full year of 2023 due to the impact of the acquisition of Warner Bros., pausing stock buybacks, which led to a post-market drop of over 5% in its stock price. Fourth-quarter revenue was $12.05 billion, net profit was $2.419 billion, and EPS was $0.56. Netflix plans to increase its film and television content spending by 10% by 2026
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