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Epstein files: Whose names and photos are in the latest document drop? | Explainer News

The United States Department of Justice (DOJ) has released thousands more documents relating to the prosecution of the late sex offender and financier Jeffrey Epstein, including photographs of prominent figures he spent time with. But campaigners behind the Epstein Files Transparency Act, which compelled the Justice Department on Friday to release all files still sealed, say far too much information in them has been redacted.

Furthermore, according to US media, at least 16 of the files – which they said were disclosed late – have since “disappeared” from the website where they were released. The deleted files included a photograph showing President Donald Trump.

The Epstein Files Transparency Act, which Trump signed into law after it passed through Congress in November, required the government to release all remaining unclassified material in its possession relating to Epstein’s and his girlfriend Ghislaine Maxwell’s sex trafficking cases. Maxwell is currently serving 20 years in prison for her part in the scandal.

Despite heavy redaction of many of the documents, which has angered Democrats and some Republicans alike, there is some new information about the powerful people who associated with the disgraced late financier.

The Justice Department said it will release more documents in the coming weeks.

Here’s what we know about what’s been released so far:

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A painting of former US President Bill Clinton wearing a dress is displayed inside the Manhattan home of Jeffrey Epstein in this image from his estate released by the US Justice Department on December 19, 2025 [Handout/US Justice Department via Reuters]

What’s new in this tranche of Epstein files?

This is just the latest release of documents relating to the prosecution of Epstein, who died by suicide in a New York jail in 2019. The first tranche of about 950 pages of court documents was made public in early 2024.

One document released this time around confirms that the Federal Bureau of Investigation (FBI) was tipped off about the convicted sex offender’s crimes nearly a decade before he was first arrested.

In September 1996, Epstein survivor Maria Farmer complained to the FBI that the late financier was involved in child sex abuse. Farmer said officials failed to take steps to investigate.

While the name of the complainant is redacted in the document relating to this complaint to the FBI, Farmer has confirmed it was made by her.

Now in her 50s, Farmer said in a statement via her lawyers after the release on Friday that she feels “redeemed” and this was “one of the best days of my life”.

“I want everyone to know that I am shedding tears of joy for myself but also tears of sorrow for all the other victims that the FBI failed,” she said.

Newly released transcripts of grand jury proceedings also include testimony from FBI agents who described interviews that they conducted with girls and young women describing their experiences of being paid to perform sex acts for Epstein. The youngest interviewee was 14, according to local media.

One woman, then aged 21, told a grand jury that Epstein had hired her when she was 16 to perform a sexual massage and that she had gone on to recruit other girls to do the same.

“For every girl that I brought to the table, he would give me $200,” she said.

They were mostly people she knew from high school, she said, adding that she told them that if they were under age, “just lie about it and tell him that you are 18.”

Much of the material published had already been circulating in the public domain after years of court action and investigations.

However, many of the new photos – some of them heavily blacked out – feature well-known public figures.

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From left from second from left, Ghislaine Maxwell, Rolling Stones frontman Mick Jagger and former US President Bill Clinton are seen in this image, part of the latest trove of documents from US government investigations into Epstein [Handout/US Justice Department via Reuters]

Who features in the newly released photos?

Among the documents released on Friday are photographs in a folder labelled “DOJ Disclosures”. Most of the photographs were seized by the FBI during various searches of Epstein’s homes in New York City and the US Virgin Islands.

New photos show the musicians Mick Jagger, Michael Jackson and Diana Ross in photographs with Epstein and at times with other people whose faces have been blacked out.

In one image, Jagger can be seen sitting between Epstein and former US President Bill Clinton. Popstar Jackson is also pictured standing next to Clinton and posing for a photo with Epstein in front of a painting in another.

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From left, Michael Jackson, Bill Clinton and Diana Ross are seen in this image released by the Department of Justice [Handout/US Justice Department via Reuters]

Other famous men featured in the newly released photos include the actor Kevin Spacey, comedian Chris Tucker, billionaire Richard Branson, former UK ambassador to the US Peter Mandelson and Andrew Mountbatten-Windsor – formerly known as Britain’s Prince Andrew – and his former wife, Sarah Ferguson.

In one black and white image, Andrew can be seen lying across the laps of five people whose faces have all been blacked out while Maxwell stands behind them.

The Justice Department did not include any details about the contents or context of the photos.

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Ghislaine Maxwell and Andrew Mountbatten-Windsor are seen in this image released by the Department of Justice [Handout/US Justice Department via Reuters]

Virginia Giuffre, who was one of Epstein’s most prominent accusers and who died by suicide in April aged 41, accused Mountbatten-Windsor of sexual abuse when she was 17. He settled a lawsuit with her in 2022 but continued to deny the allegation.

Another prominent figure among the photos is Clinton. One photo shows him in a swimming pool with Maxwell and another person whose face has been blacked out. Another photo shows the former US president in a hot tub with a woman whose face is also redacted.

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Clinton swims in a pool with Maxwell in this image released by the Department of Justice [Handout/US Justice Department via Reuters]

While Clinton has never been accused of any wrongdoing in connection with Epstein’s crimes, his spokesperson said the White House was using him as a scapegoat.

“This is about shielding themselves from what comes next, or from what they’ll try and hide forever. So they can release as many grainy 20-plus-year-old photos as they want, but this isn’t about Bill Clinton. Never has, never will be,” the spokesperson said in a statement.

Clinton in the past has said he cut ties with Epstein before the late financier pleaded guilty to solicitation of a minor in Florida.

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From right, Bill Clinton and Kevin Spacey can be seen in this image from Epstein’s estate released by the Department of Justice [Handout/US Justice Department via Reuters]

Does Trump appear in the Epstein files?

Trump hardly appears in the files at all. The few photos that do feature him are ones that have been circulating in the public domain for decades.

According to one court document released on Friday, Epstein was alleged to have taken a 14-year-old girl to Trump’s Mar-a-Lago resort in Florida and to have introduced her to the president.

While introducing her, Epstein elbowed Trump, asking him – referring to the teenager: “This is a good one, right?” Trump smiled and nodded in agreement, said the document from a case against Epstein’s estate and Maxwell in 2020.

In the court filing, the unnamed plaintiff herself makes no specific accusation against Trump.

In response to media requests for comment about this court document, White House spokeswoman Abigail Jackson said the Trump administration was “the most transparent in history” and by “recently calling for further investigations into Epstein’s Democrat friends, the Trump Administration has done more for the victims than Democrats ever have,” she added.

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A photo originally labelled File 468, which includes a picture of Trump, has been removed from the Justice Department’s Epstein files website [Handout/Department of Justice]

Have some of the files disappeared since they were published on Friday?

Apparently, yes. One image, originally labelled File 468, which showed the inside of a desk drawer, included a photograph of Trump alongside Epstein, US first lady Melania Trump and Maxwell.

Other missing photos were images of paintings depicting nude women and one showing a series of photographs on a cupboard and in drawers.

On Saturday, The Associated Press news agency reported that at least 16 files published on Friday had disappeared from the Justice Department’s webpage.

The department has not provided any explanation or statement to the public about this but said in a post on X that “photos and other materials will continue being reviewed and redacted consistent with the law in an abundance of caution as we receive additional information.”

Democrats on the Oversight Committee in the US House of Representatives also released 68 photos, drawn from the 95,000 photos and files the Oversight Committee has so far received from the Epstein estate.

Democrats in the committee said the images, which they released on Thursday, “were selected to provide the public with transparency into a representative sample of the photos” and “to provide insights into Epstein’s network and his extremely disturbing activities”.

Following the Justice Department’s release on Friday, the committee’s Democratic members questioned in a post on X why the image featuring a photo of Trump, a Republican, was missing, stating: “What else is being covered up? We need transparency for the American public.”

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Epstein appears with several women whose identities have been obscured in this image released by Democrats on the House Oversight Committee on December 18, 2025 [Handout/House Oversight Committee Democrats via Reuters]

Why has so much been redacted?

Among the thousands of documents published on Friday, at least 550 pages were reportedly fully redacted.

One 119-page document labelled “Grand Jury-NY” is completely redacted as is a set of three consecutive documents totalling 255 pages. Each page is fully blacked out.

Campaigners behind the Epstein Files Transparency Act said they had hoped to obtain more information about how the sex offender had been able to avoid serious federal charges for so many years.

However, many crucial FBI interviews with Epstein’s accusers and internal Justice Department memos on charging decisions are unreadable.

Todd Blanche, the deputy attorney general, sent a six-page letter to members of Congress laying out the redaction process, noting that the law mandates that the department omit or redact any references to victims and files that could jeopardise pending investigations or litigation.

Blanche explained that he had, therefore, instructed attorneys to redact or withhold material that contained personally identifiable information about victims; depicted or contained child sexual abuse materials; would jeopardise an active investigation or prosecution; or contained classified national defence or foreign policy information.

Without specifying which, Blanche added that in some instances, the department had withheld or redacted information covered by deliberative-process privilege, work-product privilege and attorney-client privilege.

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Bill Clinton and a woman are seen in this image from the Epstein estate released by the Department of Justice [Handout/US Justice Department via Reuters]

When will the remaining files be released?

The Justice Department has said the publication of thousands more documents concerning investigations into Epstein will be released in the coming days as the year-end holidays approach.

The department missed its original Friday deadline to release all the information it had on Epstein in violation of the law signed by Trump in November ordering a complete release within 30 days.

After the drop on Friday, the department published two much smaller tranches on Saturday, which went beyond the initial redactions and featured identities of prosecutors, FBI case agents and other law enforcement personnel who appeared before two federal grand juries in New York state.

Several US lawmakers expressed anger about the White House’s failure to produce all the documents required under the law within the time limit.

Representatives Ro Khanna, a Democrat, and Thomas Massie, a Republican – the duo who introduced the petition that eventually led to the passing of the Epstein Files Transparency Act – strongly criticised the partial release on social media.

Massie wrote that it “grossly fails to comply with both the spirit and the letter of the law”.

Khanna called the release so far “disappointing” and added: “We’re going to push for the actual documents.”

Senate Democratic leader Chuck Schumer accused the Trump administration of being “hell-bent on hiding the truth” and reiterated that the failure to release all the Epstein documents by Friday’s deadline amounts to “breaking the law”.

Meanwhile, officials from the Trump administration have been publicising the photographs featuring former Democratic President Clinton and hailing the current government as “the most transparent in history”.

Can campaigners take further steps to obtain more of the documents?

In a statement, Schumer said Senate Democrats are working “closely with attorneys for the victims of Jeffrey Epstein and with outside legal experts to assess what documents are being withheld and what is being covered up by [US Attorney General] Pam Bondi”.

Representatives Robert Garcia and Jamie Raskin, the ranking Democrats on the House Oversight and Judiciary committees, said they are examining “all legal options” after “the Department of Justice is now making clear it intends to defy Congress itself.”

“Donald Trump and the Department of Justice are now violating federal law as they continue covering up the facts and the evidence about Jeffrey Epstein’s decades-long, billion-dollar, international sex trafficking ring,” Garcia and Raskin said in a statement.

Senator Ron Wyden, another top Democrat on the Senate Finance Committee who investigated Epstein’s financial ties, said on social media that the failure to release all the files was “a continuation of this administration’s coverup on behalf of a bunch of pedophiles and sex traffickers”.

The Associated Press reported that if Democratic lawmakers so choose, they could go to court to force the Justice Department to comply with the law. However, that would likely be a lengthy process.

Separately, the House Oversight Committee has issued a subpoena for the Epstein files, which could give Congress another avenue to force the release of more information to the committee. But that would require Republicans to join them in contempt-of-Congress proceedings against a Republican administration.

Trump with women whose face has been censored
This undated photo released by the US House Oversight Committee from Epstein’s estate shows Trump surrounded by six women whose identities have been concealed [Handout/US House Oversight Committee]

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Zelenskyy says willing to drop NATO membership bid ahead of peace talks | Russia-Ukraine war News

The Ukrainian president says Kyiv could drop its long-held ambition of joining NATO in exchange for Western security guarantees.

Ukraine has indicated it is prepared to drop its long-held ambition of joining NATO in exchange for Western security guarantees, President Volodymyr Zelenskyy has said ahead of meetings with US envoys and European allies in Berlin.

Zelenskyy described the proposal on Sunday as a concession by Kyiv, after years of pressing for NATO membership as the strongest deterrent against future Russian attacks. He said the United States, European partners and other allies could instead provide legally binding security guarantees.

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“From the very beginning, Ukraine’s desire was to join NATO; these are real security guarantees. Some partners from the US and Europe did not support this direction,” Zelenskyy said in response to questions from reporters in a WhatsApp chat.

“Thus, today, bilateral security guarantees between Ukraine and the US, Article 5-like guarantees for us from the US, and security guarantees from European colleagues, as well as other countries – Canada, Japan – are an opportunity to prevent another Russian invasion,” he said.

“And it is already a compromise from our part,” Zelenskyy added, stressing that such guarantees must be legally binding.

The shift would mark a significant change for Ukraine, which has long sought NATO membership despite Moscow viewing the alliance’s expansion as a threat.

While the move aligns with one of Russia’s stated war objectives, Kyiv has continued to reject demands to cede territory.

Zelenskyy said he was seeking a “dignified” peace and firm assurances that Russia would not launch another attack, as diplomats gathered to discuss what could become Europe’s deadliest conflict since World War II. He also accused Moscow of prolonging the war through sustained attacks on Ukrainian cities and critical infrastructure.

Pressure to reach a settlement

The talks come amid pressure from US President Donald Trump to reach a settlement. Trump’s envoy Steve Witkoff and his son-in-law Jared Kushner on Sunday arrived in the German capital city of Berlin for discussions involving Ukrainian and European representatives.

The decision to send Witkoff, who has previously led negotiations with both Kyiv and Moscow, suggested Washington saw scope for progress.

Zelenskyy said Ukraine, Europe and the US were reviewing a 20-point plan that could culminate in a ceasefire, though he reiterated that Kyiv was not holding direct talks with Russia. He said a truce along current front lines could be considered fair, while noting that Russia continues to demand a Ukrainian withdrawal from parts of Donetsk and Luhansk still under Kyiv’s control.

Despite diplomatic efforts, Russian attacks have continued, leaving thousands without electricity in recent strikes. Ukrainian officials say Moscow is deliberately targeting the power grid to deprive civilians of heat and water during winter.

Fighting has also intensified in the Black Sea. Russian forces recently struck Ukrainian ports, damaging Turkish-owned vessels, including a ship carrying food supplies. An attack on Odesa set grain silos ablaze, according to Deputy Prime Minister Oleksii Kuleba. Zelenskyy said the strikes “had no … military purpose whatsoever”.

Turkish President Recep Tayyip Erdogan warned against further escalation, saying the Black Sea should not become an “area of confrontation”.

“Everyone needs safe navigation in the Black Sea,” Erdogan said, calling for a “limited ceasefire” covering ports and energy facilities. Turkiye controls the Bosphorus Strait, a vital route for Ukrainian grain and Russian oil exports.

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Chargers vs. Kansas City Chiefs: How to watch, odds and prediction

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Sweeping the Las Vegas Raiders is one thing, but can the Chargers do the same against the mighty Kansas City Chiefs?

With the way Patrick Mahomes & Co. have played lately — losing four of five and in danger of missing the playoffs for the first time with Mahomes — that’s entirely possible.

The Chargers need to win at least one of their final four games to get to double digits and put themselves in position to make the playoffs, and it’s a brutal stretch — at Kansas City and Dallas, home against Houston, and a finale at Denver. They could check that box Sunday, having won five of their last six games.

How the Chargers can win: The Chargers need to ratchet up the pressure on Mahomes, particularly off the edges, and test an offensive line that has been in a steady rotation and is suspect at the tackle spots. Take advantage of the inconsistency at receiver and the propensity for drops. The secondary led the way in the win over Philadelphia. Win on early downs to get into third-and-manageable and don’t fall behind in what can be one of the loudest stadiums in the league. Keep Chris Jones and the rest off of Justin Herbert, who still is recovering from surgery on his left hand. Continue to pound the ball with Omarion Hampton and Kimani Vidal.

How the Chiefs can win: The Chiefs need to win out, and to do that they must get out of their own way. Too many times they have fallen victim to mistakes — drops, penalties, missed assignments, defensive lapses. It’s like a bizarro version of the team that went 11-0 in one-score games last season. As great as he is, Mahomes can’t get happy feet the way he has too often. Kansas City needs to do a better job of giving him a clean pocket. The Chiefs need to tighten up on defense late — that has been a problem — and limit turnovers. They’re in a loud stadium and the cold weather plays to their advantage.

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Major London airport HIKES drop off fees to £10

ANOTHER airport has confirmed that it will be increasing its drop off fees – and will be the highest across the entire COUNTRY.

From January 6, 2026, London Gatwick will charge passengers being dropped off the new fee of £10.

London Gatwick will charge £10 for drop offs next yearCredit: Getty Images – Getty
The airport currently charges £7Credit: Alamy

Currently charging £7, the £3 increase (a 40 per cent jump) will apply to all drivers using the drop off zone, excluding Blue Badge holders.

The airport said it was “not a decision they took lightly”.

However, they cited reasons such as the “doubling of business rates” as one of the reasons for the increase in cost.

The airport first introduced a drop off charge in 2021, of £5, which increased to £6 in 2024.

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It was increased only earlier this year back in May to £7, with the new increase coming just six months later.

The fee is almost as much as some of the cheapest flights on offer.

Wizz Air currently has London Gatwick flights for just £13.99 while easyJet has £14.99 flights.

A Gatwick spokesperson said passengers can use the free shuttle bus if they are dropped of in the long stay car park.

They added: “We also have excellent public transport connectivity at the airport, with passengers able to connect directly with more than 120 train stations.

“Many local bus routes serve the airport 24  hours a day, seven days a week.”

It isn’t the only airport that is raising costs.

London Heathrow has confirmed that the drop off fee will increase from £6 to £7 on January 1.

The last drop off increase at London Heathrow was in December 2024, from £5 to £6.

It is also introducing a strict 10-minute drop off time, with drivers charged £80 if they go over.

And London City, the last of the London airports to allow free drop offs, will be introducing a new charge in 2026 as well.

The airport explained: “The charge will help London City meet its wider sustainability goals by reducing the number of vehicles travelling to and from the airport, supporting efforts to lower congestion, reduce emissions and improve air quality in the surrounding area.”

Around 10 per cent of passengers arrive by car, with another 14 per cent using taxis.

The new charge will be from January 6, 2026Credit: Alamy

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Cameroon Struggles with HIV Testing amid Sharp Drop in U.S. Aid

Cameroon is experiencing a severe shortage of HIV/AIDS test kits following a 74 per cent reduction in financial assistance from the United States Agency for International Development (USAID). The US agency funding in Cameroon has focused on health initiatives, including HIV/AIDS, malaria, and tuberculosis; humanitarian aid, such as food security and support for refugees, and governance. However, significant cuts to this funding in 2025 have adversely affected many health projects, forcing Cameroon to revise its budget.

The United States is the largest bilateral donor of humanitarian assistance in Cameroon, contributing over $650 million annually since 2014. This funding has provided emergency food assistance to more than 1.4 million people, delivered essential relief supplies, and promoted maternal and child health initiatives.

The Adamawa region of the country is facing a significant shortage of HIV/AIDS test kits, making it one of the hardest-hit areas. According to the Regional Technical Group for the fight against HIV/AIDS, the situation in the region is critical. Approximately 5.5 per cent of individuals living with the virus are unaware of their serological status, and 4 per cent of those infected have not yet started antiretroviral treatment.

Among those receiving effective treatment, 9.4% have not yet achieved the goal of suppressing the viral load, a necessary condition for slowing down the transmission of the virus. Recently, a sensitisation march took place in Ngaoundere, the regional capital of Adamawa. During this event, the Regional Technical Group for the fight against HIV-AIDS urged the community to remain vigilant. They also encouraged individuals living with HIV to consistently adhere to their medication regimen.

Despite a 74 per cent reduction in USAID funding, Cameroon continues to provide antiretroviral treatment to AIDS patients.

At the HIV-AIDS unit of the Protestant Hospital of Ngaoundere, which serves approximately 2,000 patients, access to testing, the critical first step, is currently very limited. This restriction complicates the identification of new cases and hinders referrals to available treatment options.

In 2024, Cameroon was estimated to have 480,232 people living with HIV, with approximately 10,000 new cases recorded that year. Although HIV remains a significant public health challenge, there has been encouraging progress, including a 50% reduction in HIV prevalence among individuals aged 15 to 64 over the past 14 years. According to the most recent Demographic Health Survey (DHS) conducted in 2018, the prevalence decreased from 5.4 per cent in 2004 to 4.3 per cent in 2011, and further down to 2.7 per cent in 2018.

Hamsatou Hadja, the permanent secretary of Cameroon’s National AIDS Control Committee, attributed the decline in HIV cases to a targeted strategy. “The fight against HIV is organised around a national vision aimed at eliminating AIDS as a public health threat by 2030. This involves reducing new infections, deaths, and the stigma associated with HIV,” Hamsatou said.

The country is on track to achieve the global “95-95-95” target, which aims for 95 per cent of people living with HIV to know their status, 95 per cent of those who know their status to be on treatment, and 95 per cent of those on antiretroviral therapy to have a suppressed viral load. According to the Committee, the rates in 2022 were 95.8 per cent, 92.3 per cent, and 89.2 per cent, respectively.

USAID funding cuts in 2025 have had widespread consequences across Africa, undermining health systems and humanitarian programs. Cameroon’s HIV/AIDS crisis is part of this broader trend, where reduced U.S. support has disrupted testing and treatment services.

Cameroon faces a severe shortage of HIV/AIDS test kits following a 74% funding reduction from USAID in 2025. USAID has been the largest bilateral donor in Cameroon, providing over $650 million annually and supporting health, humanitarian, and governance projects. The cut adversely affects HIV/AIDS testing and treatment, especially in the Adamawa region, where a significant portion of the population is unaware of their HIV status.

Progress has been made in reducing HIV prevalence, with a decrease from 5.4% in 2004 to 2.7% in 2018, and Cameroon is working towards the global “95-95-95” target for HIV. Despite funding cuts, the country continues to provide antiretroviral treatment, but the USAID cutbacks have generally disrupted health services. The National AIDS Control Committee attributes progress to targeted strategies and is committed to overcoming these challenges to eliminate AIDS by 2030.

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Netflix shares drop after Paramount launches hostile takeover bid

Netflix shares dipped Monday after Paramount announced a hostile takeover bid, fueling worries on Wall Street that the streaming giant may not be able to pull off its audacious acquisition.

Netflix stock closed down nearly 3.5% to $96.79 a share after Paramount moved to take its case directly to Warner Bros. Discovery shareholders, offering $30 a share in a deal valued at $78 billion for the whole company. Last week, Netflix said it reached an agreement with WBD to buy its film and TV studios, Burbank lot, HBO and HBO Max for $27.75 a share, a $72-billion offer. Netflix would also take on more than $10 billion in Warner Bros. debt, for a deal value of $82.7 billion.

On Monday, analyst Jeffrey Wlodarczak, CEO of Pivotal Research Group, downgraded his rating on Netflix stock from buy to hold, citing concerns that Paramount’s bid could increase the price Netflix could pay for the WBD assets. Regulatory issues may also change the terms of the deal, such as Netflix giving up HBO to a rival, Wlodarczak said. “The question is, what modifications might they have to make?” he said.

Wlodarczak also questioned Netflix’s engagement levels with customers, which is key to retaining subscribers on the platform. He said that “this very expensive deal” highlights Netflix’s concern that short-form entertainment on platforms like TikTok and YouTube are attracting younger consumers.

YouTube — once known as a place for amateur user-generated videos — has become an entertainment powerhouse, encapsulating the largest percentage of streaming on U.S. TVs, according to Nielsen. In October, YouTube represented 12.9% of U.S. TV viewing time, compared to Netflix’s 8%.

Netflix said its customer engagement “remains healthy,” noting in a shareholder letter in October that it grew its engagement in the U.S. and U.K. by 15% and 22%, from the fourth quarter of 2022 to the third quarter of 2025, citing data from Nielsen and Barb, which tracks viewership.

Equity research publisher MoffettNathanson analysts said questions have been building about Netflix’s engagement growth, adding that even though Netflix’s share of total TV time started to grow in the second half of the year, “YouTube’s share gains have overshadowed most of the other streaming platforms.”

“There’s issues with Netflix engagement, sort of flatlining,” Wlodarczak said. “You get a lot better content, it should help with your engagement. … Is this a signal they’re really starting to get worried about engagement, and they’re out doing this deal because younger people are just spending increasing amounts of time not sitting there watching hour-long shows?”

Netflix declined to comment on Wlodarczak’s report.

On Friday in a call with investors, Netflix executives emphasized that their business is healthy and growing. They pointed out how sci-fi hit show “Stranger Things” was very popular with younger audiences, as well as series like the drama “Outer Banks” and movies including “KPop Demon Hunters.”

“We had record engagement previous quarter,” said Co-Chief Executive Ted Sarandos on the Friday call. “We’re happy with our outlook for the ongoing organic growth and engagement … Our core fundamentals are strong. This gives us a very unique opportunity to accelerate an already very successful model.”

Whether the deal will go through remains an open question, as Netflix would not make the acquisition until 12 to 18 months from now, after Warner Bros. Discovery separates its company, spinning off its cable channels into a new publicly traded company.

Wedbush Securities analysts, who have an outperform rating on the stock, said in a note on Monday that they are skeptical that the deal will pass regulatory scrutiny.

“Ultimately, we think the DOJ will reject a deal without concessions on pricing and industry standards,” the analysts wrote.

On Monday, Netflix executives said they were confident the deal would go through. Co-Chief Executive Greg Peters pointed out that Netflix still represents a smaller share of U.S. TV viewing in the U.S. compared to YouTube, even if it were to combine with Warner Bros. Discover, citing Nielsen data.

“We think there’s a strong fundamental case here for why regulators should approve this deal,” he said.

Wlodarczak said he believes there are benefits to Netflix acquiring the Warner Bros. Discovery assets. The Los Gatos, Calif., streamer would gain access to characters including Batman and Harry Potter.

It also prevents rivals like Paramount from getting bigger.

“They’re starting to get large enough to build a credible threat to Netflix,” Wlodarczak said. “So by buying this thing … it’s going to be really difficult to get as large and have as much scale as Netflix.”

Times staff writer Meg James contributed to this report.

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