Netflix (NFLX) Stock: Why Strong Earnings Couldn’t Stop a 5% Drop

TLDR Netflix changed its Warner Bros Discovery offer to all-cash at $27.75 per share, maintaining the $82.7 billion total to fend off Paramount’s competing bid. Shares fell over 5% after hours despite Q4 earnings of $0.56 per share beating estimates and revenue hitting $12.1 billion. The company reached 325 million paid subscribers but investors focused [...]

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