NASDAQ:WBD 14 January 2026 - 21 January 2026

Netflix shares slid about 7% in premarket trading on Wednesday, extending the post-earnings drop as investors weighed a pause in share repurchases and the price tag of the company’s all-cash bid for Warner Bros Discovery assets.

Netflix shares dipped in premarket trading Wednesday, sliding further after its earnings beat. Investors remain cautious, balancing the strong results against the $82.7 billion bid for Warner Bros Discovery assets.

Netflix shares slipped in after-hours trading Tuesday after the company forecast first-quarter earnings per share below FactSet estimates, despite beating fourth-quarter expectations. The stock ended the regular session down 0.8% at $87.26 before falling roughly 4.9% to $82.98 in after-hours, which runs after the 4 p.m. close.

Options traders expect a big move in Netflix shares Tuesday, with quarterly results looming and the spotlight firmly on its proposed Warner Bros. Discovery acquisition.

Netflix, Inc. shares dipped roughly 0.1% to $88 in after-hours trading Friday after KeyBanc cut its price target to $110 from $139, citing uncertainty over the company’s planned Warner Bros deal. The stock fluctuated between $87.82 and $88.64 during the session, with around 47 million shares traded. KeyBanc analyst Justin Patterson maintained an Overweight rating, expecting the stock to outperform peers, but noted 2026 guidance could suggest only about 200 basis points, or 2 percentage points, in operating-margin improvement.