Instant Reaction: Netflix Beats on Earnings, Disappoints on Cautious Forecast

<p>Netflix delivered fourth-quarter results that largely beat Wall Street estimates but issued a cautious forecast for the months ahead, citing higher program spending and the cost of closing its deal with Warner Bros. Discovery Inc.</p> <p><br />The streaming leader said Tuesday it plans to increase spending on films and TV shows by 10% in 2026 while forging ahead with plans to buy the studio and streaming business of Warner Bros., a deal that would unite two of the world&rsquo;s largest entertainment companies. Netflix spent about $18 billion on programming last year, with subscribers growing almost 8% to top 325 million.</p> <p>For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:</p> <ul> <li>Bloomberg News Senior Editor and Entertainment Team Leader Chris Palmeri</li> <li>Eric Clark, Chief Investment Officer at Accuvest Global Advisors</li> <li>Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>