NEW YORK, Jan 3, 2026, 09:58 ET — Market closed
- Netflix shares fell about 3% on Friday to $90.99.
- Investors stayed focused on the company’s planned $72 billion Warner Bros. Discovery asset purchase.
- Next catalysts include Netflix’s Jan. 20 results and a packed U.S. data calendar next week.
Shares of Netflix, Inc. (NFLX) fell about 3% on Friday and ended at $90.99. The stock opened at $94.11, traded between $90.83 and $94.50, and saw roughly 41 million shares change hands.
The decline keeps Netflix on the defensive heading into the first full week of 2026, as investors weigh deal risk against the company’s underlying streaming performance.
That matters now because Netflix is due to update the market on revenue momentum, spending and cash generation in its next quarterly report, a potential reset point for the stock after a volatile end to 2025.
Netflix will post fourth-quarter results and a business outlook on Jan. 20 at about 4:01 p.m. ET, and executives will take analyst questions in a live video interview, the company said.
The broader market offered little help. The S&P 500 rose 0.2% on Friday to 6,858.47, while the Nasdaq composite was roughly flat, an AP market recap showed.
Investor’s Business Daily said the latest dip reflected unease over Netflix’s planned Warner Bros. Discovery purchase. Netflix agreed on Dec. 5 to buy Warner Bros. Discovery’s TV and film studios and streaming division for $72 billion, Reuters reported. Co-CEO Ted Sarandos told investors it was “a rare opportunity.” Investors
Netflix’s co-CEOs later told employees the company’s position on the transaction had not changed, while acknowledging “heavy regulatory scrutiny,” Reuters reported. Reuters
For shareholders, the near-term question is whether the uncertainty around approvals and execution keeps pressure on the stock until management can put numbers around the path to closing.
Short-term traders often watch round numbers as “support” — prices where buying interest tends to show up. Netflix finished Friday just above $90, putting that level in focus when trading resumes.
Before next session: Netflix’s Jan. 20 report is the next scheduled company catalyst, and investors will look for guidance on 2026 spending plans, advertising progress and cash flow — the cash left after operating costs and investment.
Macro data could also sway sentiment for growth stocks. The Bureau of Labor Statistics calendar shows the Job Openings and Labor Turnover Survey (JOLTS) due Jan. 7, the December jobs report due Jan. 9 and December CPI inflation due Jan. 13.
The Federal Reserve’s next two-day policy meeting is scheduled for Jan. 27-28, according to the central bank’s calendar, keeping interest-rate expectations in play.
With U.S. markets closed on Saturday, investors will be watching whether Netflix stabilizes when trading resumes Monday, and whether deal-related headlines keep dominating the stock’s day-to-day moves.
