Netflix approves $25B buyback
- Netflix’s board approved an additional $25 billion stock buyback on April 22, adding to an earlier repurchase plan and reopening cash returns. - The new authorization has no expiration date, and Netflix still had about $6.8 billion left under its December 2024 buyback plan. - The move followed a shelved Warner Bros. Discovery asset deal and a 10% post-earnings stock drop. (sec.gov)
Netflix approved an additional $25 billion stock buyback on April 22, giving the company a much larger pool to repurchase its own shares. (sec.gov) The authorization came in an April 23 Form 8-K filing with the Securities and Exchange Commission. Netflix said the new plan sits alongside the repurchase program it approved in December 2024, and neither plan has an expiration date. (sec.gov) Netflix said it still had about $6.8 billion available under the December 2024 authorization as of March 31, 2026. That puts total remaining buyback capacity at roughly $31.8 billion. (sec.gov) The filing says Netflix can execute the repurchases in the open market, through Rule 10b5-1 trading plans, in privately negotiated deals, or through accelerated stock repurchase programs. Management said the timing and size will depend on market conditions and other factors. (sec.gov) Reuters reported Netflix had already said it planned to resume repurchases while still investing about $20 billion in films and television this year. Shares rose 1.5% in premarket trading after the buyback disclosure on April 23. (usnews.com) The buyback followed a turbulent stretch for the stock. Reuters said Netflix had walked away from a deal to buy Warner Bros. Discovery assets before the company turned back to capital returns. (usnews.com) Separate fourth-quarter holdings disclosures also showed large institutional position changes. Pictet Asset Management Holding SA reported a 1,116.8% increase, ending the quarter with 5,996,425 Netflix shares worth about $562.3 million. (marketbeat.com) Those filings describe who owned Netflix stock at the end of the fourth quarter of 2025, not who caused the April 2026 buyback decision. The board action itself came from Netflix, and the formal record is the company’s April 23 SEC filing. (marketbeat.com) (sec.gov) For investors, the immediate fact is simple: Netflix has authorized a much bigger repurchase program, with no deadline attached, after a failed acquisition push and a sharp stock stumble. (sec.gov) (usnews.com)
