Netflix shares surge after $25B buyback approval

Netflix on Thursday announced that its board has authorized an additional $25 billion share repurchase program, adding to a buyback plan that had already been approved in December 2024, with no set expiration date, News.Az reports, citing Reuters.

Shares of the streaming giant increased by 1.5% in premarket trading following the announcement.

Netflix had earlier indicated that it intended to resume share repurchases while allocating around $20 billion this year to investments in films and television, after deciding to walk away from a deal to acquire assets from Warner Bros. Discovery.

News.Az 

By Nijat Babayev