Netflix Announces $25 Billion Share Buyback, Stock Sees Premarket Gains
Netflix approves $25 billion share buyback, stock rises in premarket
Business Standard
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Netflix has authorized a $25 billion share buyback program, adding to a previous buyback approved in December 2024. The announcement led to a 1.5% rise in the company's stock during premarket trading, as Netflix plans to invest approximately $20 billion in content this year.
- 01Netflix's board approved a $25 billion share repurchase program.
- 02This buyback is in addition to a previously approved program from December 2024.
- 03The company's stock rose by 1.5% in premarket trading following the announcement.
- 04Netflix plans to invest about $20 billion in films and television this year.
- 05The streaming service opted out of acquiring Warner Bros Discovery assets.
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Netflix has announced that its board has authorized a $25 billion share buyback program, supplementing a prior buyback plan approved in December 2024. Following this announcement, shares of the streaming service rose by 1.5% in premarket trading. Netflix aims to resume share repurchases while also committing to invest approximately $20 billion in films and television content this year. This move comes after the company decided against acquiring assets from Warner Bros Discovery, focusing instead on its own content development strategy.
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