Netflix posts $45.2B revenue

- Netflix generated a record $45.2 billion in revenue for 2025 while spending under 40% of that revenue on content, per recent coverage. - The key specific: Netflix kept content spend below 40% of revenue in 2025, signalling much leaner content economics versus earlier land‑grab years. - Investors still question where Netflix's next durable growth engine will come from despite strong margins, per IBTimes analysis. (ibtimes.co.uk)