As of Q4'25, Netflix's current contract liabilities reached USD 1.78B, marking the highest level in the period under review. This latest figure reflects a continued upward trajectory in the company's short-term obligations related to customer contracts. From Q1'23 to Q4'25, current contract liabilities for Netflix have shown a consistent growth trend, rising from USD 1.26B to USD 1.78B. Notable increases occurred in Q4'23 and Q2'25, indicating periods of accelerated liability accumulation. Overall, the data suggests sustained expansion in deferred revenue, likely driven by ongoing subscriber growth and prepayments.