Netflix has never made a giant acquisition. That's why it was surprising that it made an $83 billion bid for Warner Bros.
In a flurry of hundred-billion-dollar deal offers, the bidding war for Warner Bros. Discovery is over.
Netflix (NFLX) closed at $84.61 in the latest trading session, marking a +2.31% move from the prior day.
Netflix said on Thursday it will not raise its offer for Warner Bros Discovery after the HBO Max owner's board determined that Paramount Skydance's latest proposal was a "Superior Proposal" to the streaming pioneer's existing merger agreement.
This is a developing story. Check back for updates.
Netflix CEO Ted Sarandos arrived at the White House for a meeting on his company's effort to buy part of Warner Bros. Discovery.
NFLX beats Q4 estimates, but rising content costs and a $6B cash flow outlook for 2026 raise fresh questions for investors.
Paramount Skydance's latest offer threatens to upend an existing deal with Netflix.
Warner Bros. Discovery logged lower revenue in the fourth quarter, driven by declines across each of its segments, as it remains in the middle of a high-stakes bidding war between Netflix and Paramount Skydance.
Netflix trades at an attractive valuation after a sharp pullback. Original content, a 98% retention rate, and a robust advertising business underpin NFLX's growth, making a possible Warner Bros. Discovery acquisition unnecessary. NFLX is still expected to grow revenue and earnings at strong double-digit rates over the long term.
After reaching an all-time high of $134.12 in June 2025, Netflix is now trading around $78.00 per share, which is equivalent to a drawdown in excess of 40%. Meanwhile, the underlying business continues to deliver solid financial performance, with top-line growth expected at around 13% in fiscal 2026 at the midpoint of the guidance range. This will also be accompanied by significant operating leverage, meaning that I expect operating income and free cash flows to continue to grow much faster than revenues.
Meanwhile, GOP lawmakers believe Netflix's programming skews to the left and aren't looking to give it more market power.