Netflix (NFLX.US) Q4 conference call: There is intense competition in the television industry. We are confident in obtaining approval for acquisitions.

Recently, Netflix (NFLX.US) held its fourth quarter financial report conference call for the fiscal year 2025. Netflix stated that looking ahead to 2026, the company will focus on improving its core business and continue to expand its "cloud-first" gaming strategy. Netflix is making efforts to finalize the acquisition of Warner Bros. Studios and HBO, believing it will accelerate the company strategically. At the same time, Netflix will do these things while driving and maintaining healthy growth. The company projects revenue of $51 billion in 2026, a 14% year-on-year increase. Netflix pointed out that the pace of content releases is very strong. The company started the year with some strong releases, and there will be some good hits right at the beginning. The content schedule for 2025 was more focused on the second half of the year, while in 2026 it will go back to a more seasonal distribution, leading to a higher year-on-year increase in the first half of the year. The second half of 2026 will be heavier than the first half, especially in Q4, which is typically the busiest quarter of the year. Overall, this year's lineup and schedule will be smoother and more balanced than in 2025. In terms of content amortization costs, they are expected to increase by around 10% in 2026 compared to 2025. The company's strategy remains the same: to keep content growth lower than revenue to expand profit margins while expanding the variety of content. Netflix will also focus on expanding its "cloud-first" gaming strategy. The company is making efforts to finalize the acquisition of Warner Bros. Studios and HBO as it believes it will be a strategic accelerator. The company aims to achieve revenue of $51 billion in 2026, a 14% year-on-year increase. In the Q&A session, various topics were discussed, including the growth drivers for 2026, the impact of acquiring Warner Bros. on pricing strategies, the performance of live events, the success of podcasts, and the potential of vertical videos on Netflix's platform. The company expressed confidence in its future growth prospects and the success of its strategic initiatives.