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Story summary
- Netflix's board authorized an additional $25 billion share-buyback on April 22, 2026.
- The new program adds to a December 2024 buyback that has $6.8 billion available.
- Netflix received a $2.8 billion breakup fee from Paramount after ending its Warner Bros. Discovery deal.
- Netflix held $12.3 billion in cash, $4 billion in short-term investments, and $14 billion of debt.
- Netflix repurchased 13.5 million shares for about $1.3 billion, causing the stock to close at $93.24 on April 22, down from $107.79 on April 16.
