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Story summary
- Netflix board approved a $25 billion share buyback on April 22, 2026.
- The buyback has no expiration and supplements the December 2024 program, which still has $6.8 billion available.
- In Q1, Netflix repurchased 13.5 million shares for $1.3 billion while reporting $14.4 billion of debt and $12.3 billion of cash.
- Shares rose about 1.5 percent in pre-market trading near $93.94 each.
- Netflix received a $2.8 billion termination fee from Paramount Skydance after dropping a $72 billion Warner Bros. deal.
