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Netflix reported 325 million paid subscribers as of Q4 2025 — disclosed publicly on its January 2026 earnings call, the most recent figure the company has chosen to share.
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The streaming wars were supposed to be over. Netflix won. Yet here we are, watching the victor spend \$72 billion on Warner Bros.- Published on
The streaming industry is undergoing a profound transformation. After years of unbridled expansion and subscriber acquisition at any cost, the market has shifted decisively toward consolidation, profitability, and scale.