Entertainment

Netflix Buying Back $25 Billion in Stock After Share Decline

The Netflix logo at a studio in Albuquerque, New Mexico.Photographer: Patrick T. Fallon/Getty Images

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By Amy Thomson

April 23, 2026 at 10:20 AM UTC

Updated on

April 23, 2026 at 10:55 AM UTC

Netflix Inc. plans to buy back another $25 billion in stock after a disappointing financial outlook sent shares of the streaming pioneer plunging.

The board endorsed the program, which adds to a share buyback authorized in December 2024 that still had $6.8 billion available for stock purchases, the company said in a regulatory filing on Thursday. The buyback doesn’t have an expiration date. In March, Netflix repurchased 13.5 million shares for about $1.3 billion.