Netflix adds $25B to stock buyback

In a bid to restore investor confidence, Netflix’s board has significantly expanded its share repurchase plan.

The move follows a period of lagging performance where the stock dropped more than 16 percent over six months due to concerns about subscriber growth.

By returning capital to shareholders, Netflix aims to signal its underlying financial strength despite a volatile media landscape.

The company also announced plans to launch an 'intimate' Kylie Minogue documentary and a new slate of reality shows to bolster its content library ahead of the summer season.