What was Netflix's revenue in Q4 2025?

Netflix reported revenue of $10.25 billion in Q4 2025, up 15% year-over-year.

Why did Netflix stock fall despite strong earnings?

The stock fell due to slower subscriber growth, with Netflix adding only 8.8 million subscribers compared to 9.5 million in the same quarter last year.

What is Netflix's guidance for Q1 2026?

Netflix expects Q1 2026 revenue between $9.8B and $10.1B and EPS between $3.80 and $4.00.

What was Netflix's EPS in Q4 2025?

Netflix reported EPS of $4.27, up from $3.71 in Q4 2024.

Netflix Posts Strong Q4 Earnings but Subscriber Growth Slows

Netflix reported strong Q4 2025 earnings, beating estimates on revenue and net income. However, slower subscriber growth compared to the previous quarter disappointed investors, leading to a 3% decline in after-hours trading.

Netflix (NASDAQ: NFLX) reported strong financial results for the fourth quarter of fiscal 2025, with revenue reaching $10.25 billion, up 15% year-over-year. Net income came in at $1.87 billion, with earnings per share (EPS) of $4.27. Despite these positive numbers, Netflix shares fell 3% in after-hours trading due to slower subscriber growth.

Key Financial Results

Metric	Q4 2025	Q4 2024	Change
Revenue	$10.25B	$8.91B	+15%
Net Income	$1.87B	$1.62B	+15.4%
EPS	$4.27	$3.71	+15.1%
Subscriber Additions	8.8M	9.5M	-7.4%

Highlights from the Report

Netflix attributed revenue growth to an expanding subscriber base and price increases in select markets. The company also noted success with its ad-supported tier, which attracted a new segment of users. However, subscriber additions slowed compared to Q3 2025, which saw 10.2 million new subscribers.

Future Guidance

Netflix guided Q1 2026 revenue between $9.8B and $10.1B, with EPS ranging from $3.80 to $4.00. The company plans to increase investment in original content and expand into emerging markets.

Impact on Stock

Following the announcement, Netflix shares dropped 3% in after-hours trading, reflecting investor concerns over slowing subscriber growth. Despite this, the stock is still up 25% year-to-date.

What This Means for Investors

Netflix's results show strong revenue and profitability, but slowing subscriber growth may signal market saturation in some regions. Investors should monitor the company's ability to sustain growth through higher revenue per user and advertising expansion.