Netflix stock slides after hours as Warner Bros cash bid and 2026 outlook keep NFLX under pressure
Netflix shares fell 2.2% to $85.36 in after-hours trading Wednesday, extending losses after its earnings report. The company paused its buyback program and raised its bridge loan facility by $8.2 billion, signaling intent to finance its $82.7 billion all-cash bid for Warner Bros. Discovery. Netflix projects 2026 revenue up to $51.7 billion and expects advertising revenue to double to $3 billion.