Netflix on Thursday announced that its board has authorized an additional $25 billion share repurchase program, adding to a buyback plan that had already been approved in December 2024, with no set expiration date, News.Az reports, citing Reuters.
Shares of the streaming giant increased by 1.5% in premarket trading following the announcement.
Netflix had earlier indicated that it intended to resume share repurchases while allocating around $20 billion this year to investments in films and television, after deciding to walk away from a deal to acquire assets from Warner Bros. Discovery.
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