Netflix announced Thursday that its board has authorized an additional $25 billion share repurchase program. This new initiative, with no expiration date, supplements a buyback program approved in December 2024.
Shares of the streaming giant saw a 1.5 percent increase in premarket trading following the announcement. The company had previously indicated plans to resume share repurchases while allocating approximately $20 billion this year towards film and television production, a move that followed the decision not to acquire Warner Bros. Discovery assets.