Netflix 4Q25 Earnings, Netflix Is Misreading the Market, The Warner Bros. Discovery Deal

Today's Above Avalon Daily update includes the following stories:

• Netflix 4Q25 Earnings

• Netflix Is Misreading the Market

• The Warner Bros. Discovery Deal

The 4Q25 earnings season has begun for us. We will kick things off by analyzing Netflix’s 4Q25 earnings and earnings interview. The discussion then turns to how Netflix is misreading the market. We conclude with Neil’s thoughts on where the Warner Bros. Discovery deal stands.

An Above Avalon Daily subscription is required to read this daily update. Subscribers can read the update here.

An audio version of this update is available to members who have the podcast add-on attached to their membership.

Choose either a monthly or annual subscription. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and subscription status at any time.

Subscriber Privileges and Benefits

• Exclusive Analysis. Receive the Above Avalon Daily newsletter, widely-recognized as the leading daily newsletter dedicated to Apple. Now in its tenth year.

• Archive Access. Access previous updates sent to members in an easy-to-navigate archive built in Ghost.

• Full Access to Above Avalon Forum. Access exclusive channels in the Above Avalon forum in Discord.

• Email Access to Neil Cybart. Receive timely responses from Neil to email inquiries. 

• Access Bundle Discounts. Customize a subscription with additional Above Avalon products and save: AVALON, Podcasts Packages, Inside Orchard, and Financial Models.

• Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource. Above Avalon is 100% funded by subscribers.