Netflix stock slides after earnings as $83 billion Warner Bros deal freezes buybacks
New York, January 21, 2026, 13:36 (EST) — Regular session Netflix shares dropped roughly 4.5% to $83.38 by midday Wednesday, continuing their slide amid the company’s bid for Warner Bros. Discovery’s studio and streaming units. Shares of Warner Bros. rose about 1%, while Paramount Skydance edged down a bit. Netflix shares fell after the company posted holiday-quarter revenue and earnings that topped Wall Street estimates Tuesday night. But its 2026 revenue forecast, ranging from $50.7 billion to $51.7 billion, came in slightly below expectations at the low end. Paid subscribers surpassed 325 million, and CFO Spencer Neumann said advertising revenue