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Rocket Lab CEO Interview on Neutron Rocket
A test of the Archimedes rocket engine intended to power Rocket Lab’s next-generation Neutron craft (Rocket Lab)

Rocket Lab beats expectations on Q4 sales, per-share loss

Here’s how the numbers looked in the most recent quarter.

Retail favorite Rocket Lab posted better-than-expected Q4 sales and a slightly smaller adjusted per-share loss than expected late Thursday. The stock slipped slightly in the after-hours session, giving back some of the day’s gains.

Here’s how the company, which has positioned itself as a publicly traded competitor to Elon Musk’s privately held SpaceX, did in its most recent quarter: 

  • Q4 revenue of $179.7 million vs. Wall Street’s expectation for $176.8 million.

  • An adjusted loss per share of $0.09 vs. the consensus estimate of a $0.10 loss.

  • Adjusted EBITDA of -$17.4 million vs. analyst expectations of -$25.2 million. 

Rocket Lab’s remarkable performance in recent years — it rose by 361% in 2024, and by another 174% last year — has attracted a loyal following of retail shareholders as the satellite-services-from-space theme has turned into one of the most explosive areas of the market. 

Companies such as AST SpaceMobile, Planet Labs, and EchoStar have also soared, respectively gaining 244%, 388%, and 375% in 2025, amid growing excitement for the sector. That fervor has been stoked, in part, by Elon Musk’s reported plans to bring SpaceX public in the middle of this year, in what could be the largest share offering of all time. 

Hype aside, Rocket Lab has a ways to go before producing profits, with its strategy hinging on its effort to bring its new, larger Neutron rocket into the launch services market. Wall Street is looking for the company to go adjusted EBITDA positive late this year.

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Netflix declines to raise bid for Warner Bros., paving the way for Paramount to triumph

Netflix said Thursday evening that it was declining to increase its offer for Warner Bros., effectively ending the streaming platform's pursuit of the studio and ensuring that Paramount Skydance's improved bid of $31 per share would emerge victorious.

In a statement, Netflix's co-CEOs Ted Sarandos and Greg Peters said "this transaction was always a 'nice to have' at the right price, not a 'must have' at any price."

The Warner Bros. Discovery board said Thursday afternoon that it had determined that Paramount’s latest bid constitutes a superior proposal to the $83 billion agreement it has with Netflix.

Before Netflix's announcement Thursday evening, the Netflix-Warner Bros. merger had remained in effect, and Netflix had a four-business-day window to amend its deal to match or beat Paramount’s. The streamer's announcement effectively eliminates that waiting period and allow Paramount's offer to move forward.

Netflix's statement that it is pulling out of the race allows the Warner Bros. board to terminate its merger agreement with the streamer.

It had been reported that Netflix had ample cash to increase its offer for Warner Bros., but in not doing so, it appears that Netflix management saw its share price increase in the wake of Paramount boosting its bid, and took the strong signal that its own investors that they weren't exactly rooting for it to make the purchase to heart.

Earlier on Thursday, Warner Bros.’ announcement boosted Paramount’s odds on prediction markets to end up in control of the company. As of 4:40 p.m. ET on Thursday, event contracts speculating on which company will ultimately come out on top of the bidding war have Paramount at a 62% chance over Netflix’s 33% odds.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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The Warner Bros. Discovery board said Thursday afternoon that it had determined that Paramount’s latest bid constitutes a superior proposal to the $83 billion agreement it has with Netflix.

Before Netflix's announcement Thursday evening, the Netflix-Warner Bros. merger had remained in effect, and Netflix had a four-business-day window to amend its deal to match or beat Paramount’s. The streamer's announcement effectively eliminates that waiting period and allow Paramount's offer to move forward.

Netflix's statement that it is pulling out of the race allows the Warner Bros. board to terminate its merger agreement with the streamer.

It had been reported that Netflix had ample cash to increase its offer for Warner Bros., but in not doing so, it appears that Netflix management saw its share price increase in the wake of Paramount boosting its bid, and took the strong signal that its own investors that they weren't exactly rooting for it to make the purchase to heart.

Earlier on Thursday, Warner Bros.’ announcement boosted Paramount’s odds on prediction markets to end up in control of the company. As of 4:40 p.m. ET on Thursday, event contracts speculating on which company will ultimately come out on top of the bidding war have Paramount at a 62% chance over Netflix’s 33% odds.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Grindr rises after beating earnings, revenue expectations

The company reported earnings results on Thursday.

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