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Netflix Just Topped 325 Million Subscribers. Its Stock Price Sank Anyway.

Netflix Just Topped 325 Million Subscribers. Its Stock Price Sank Anyway.

Despite the streaming video giant’s strong growth in 2025, investors are wary about its 2026 spending plans — and its high-priced bid to buy Warner Bros.

Netflix (NFLX 2.15%) shared some impressive stats with investors when it announced its fourth-quarter 2025 results on Tuesday afternoon. The streaming titan has surpassed 325 million paid memberships, giving it a global audience approaching 1 billion. And those viewers watched a total of 96 billion hours of video on its platform in the second half of 2025, up 2% year over year.

Moreover, the company beat estimates for the quarter, reporting 18% revenue growth, an operating margin of 25%, and 30% growth in operating income.

Yet despite all that, following the report, Netflix shares…

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