Netflix Stock Falls as M&A Reports Put July Earnings Catalyst in Focus
Netflix shares slid 2.7% to $79.48 after losing a Roku bid to Fox and amid Lionsgate M&A chatter, as investors worry deal risk could divert cash from buybacks or content ahead of July 16 earnings; Netflix forecasts Q2 revenue of $12.57 billion and a 32.6% margin, down from last year, while analysts’ price targets range from $80 to $114.15.