Netflix Q4: Strong Growth, Expanding Ads, But a Bold Bet on Warner Bros.

Margins improve and cash flow surges, yet rising leverage and strategy shifts raise questions

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Estimated reading time: 6 minutes

Netflix delivered a strong quarter, with accelerating revenue, expanding margins, and rapid growth in advertising.

But the story is no longer just about streaming.

The key question: can Netflix sustain its core momentum while taking on the risks of a major acquisition?

Key Takeaways

• Revenue: +18% YoY in Q4