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Netflix

will report its fourth-quarter earnings after the bell on Tuesday, with questions surrounding its pending acquisition of Warner Bros. Discovery’s

assets top of mind for investors.

In recent years Netflix’s quarterly reports have been mostly steady -- with the exception of a miss on earnings estimates last quarter, related to a unique one-time charge. Netflix stopped reporting subscriber numbers in early 2025 — when it said it had more than 300 million global subscribers — and has instead focused on its strategy shift toward growing its advertising-supported business.