Netflix Hits The 325 Million Subscriber Jackpot, Eyeing A Mega Warner Bros Deal

Netflix Breaks 325 Million Subscriber Milestone

Netflix, the US streaming behemoth, has wowed the global entertainment stage with its latest announcement. Surpassing a staggering 325 million subscribers worldwide, Netflix shared this exciting update on Tuesday, marking its first customer count in a year. This milestone arrives hot on the heels of wrapping up 2024 with 301.6 million paying members.

Revenue and Profit Soar

In the latest quarter, Netflix’s financial ascent continues as it posted a jaw-dropping 17.6% hike in revenue, surpassing US$12 billion. Net profits have also seen an impressive rise, climbing nearly 29% to reach US$2.42 billion from the previous year.

“This is a testament to our relentless innovation and customer focus,” a Netflix representative might assert, reflecting on these financial feats.

The Warner Bros Acquisition Race

Netflix is not just resting on its laurels. The company is in pursuit of a blockbuster acquisition, aiming to acquire Warner Bros Discovery's studio and streaming empire. Valued around US$83 billion, this ambitious move has prompted Netflix to halt its share buybacks to amass the cash needed for the deal.

Stock Market Moves

Despite the ambitious plans, Netflix shares took a hit, dropping up to 5% in after-hours trading. Since whispers of the Warner Bros deal began circulating, Netflix stock has tumbled around 30%. Initially, the streaming titan considered using shares as part of the transaction but has since chosen an all-cash approach.

A Paramount Battle

Adding more spice to Hollywood's high-stakes drama, Netflix faces fierce competition from Paramount, which is making its own play for Warner Bros Discovery. Paramount's offer exceeds US$100 billion and includes major TV networks like CNN, setting the stage for a colossal clash in the entertainment industry.

With such monumental moves on the horizon, the streaming world watches eagerly to see who will emerge victorious in this epic acquisition battle.