WBD

abrahamlincoln20

I said it now, didn't I? I didn't catch the bottom in PYPL, I'm down almost 25%. But this is normal in value investing. I was also down almost 30-40% in total in WBD at some point, but eventually went to gain 200%. Read some Buffett.

Impressive_Put_8239

All this red is def not because of the market because its practically sitting at aths whole netflix continues to break lower. All because of the WBD deal and antitrust + woke content from Elon that spiraled the downfall.

Difficult_Physics704

Calling NFLX would be the smarter move imo. Only thing pulling Netflix back right now is WBD deal being stagnant. Any news and this stock bounces up at least 10-15%

alegrefranz

egarding entry I’m watching the multiple, not the price. I want 20x-22x earnings. At \~$80 (31x PE), we are still paying a 'Tech' premium for what is becoming a 'Media' balance sheet. My buy zone is \~$50-$55. It sounds aggressive to call for another 30% drop, but if the WBD deal happens, the debt load will force the market to re-rate this to a utility multiple. I'd rather miss the bottom than catch a falling knife during a structural re-rating

AntoniaFauci

Days like today I like to look away from the dumpster fires and see what else is quietly on sale. BROS at $50 is a bargain. Consumer is allegedly OK. Institutional owners of SBUX are pumping the sector so desperately with media blitz that consumers might be Fed beverage ads but remind themselves they love alternatives like Dutch Bros. Stock hit $85 the last time we had actual data from them. UBER mid $70’s here may also be a gift. NETFLIX has won television, period. We see Disney flounder while NFLX core business is humming on 12 cylinders. Only overhang is the WBD deal, but it seems like every analyst has come around to see what some of us were saying here on day zero, that whether or not the deal closes is positive for NFLX. They continue to get huge viewership on laughably small costs for “sports and entertainment events”. Like skyscraper climbs, bar fights, single golf matches, etc. These are a steal compared to inking mega-billion dollar league sponsorships. Let Apple pay hundreds of billions for F1 while Netflix pays millions for Drive To Succeed. Averaging down on CNSWF.

HazardousRhombus

Welp this NFLX WBD deal is dead.

AntoniaFauci

Seems like a better move might have been to bring in an outsider to pump it and sell it. Organize a WBD style bidding war and ultimately sell it to imposter-founder Musk for some gains from here.

expert-on-reddit

🙂‍↔️ nope pinned in the $80s unless news on WBD deal or notable insider/fund/Berkshire accumulating. cathie woods doesn’t count.

Drgnx0

Unless Larry plans to barter his island, owning one doesn't do much for WBD investors. Having net worth isn't the same as having money to spend.

Paloma_Hayasi

If the WBD transaction goes through the thesis changes instantly. You can't put a SaaS multiple on a company loaded with Warner's debt. I feel like the market is completely ignoring the balance sheet risk of that deal

Samjabr

Dear CNBC, No one gives a shit about DIS, WB, PARA, etc. These stocks have gone nowhere for over a decade and have a combined value that is insignificant. Sincerely, Dude sick of fking WBD/PARA/NFLX Stories

radishr

Not until this whole takeover drama with WBD gets settled (one way or another)

hv876

Ya know I think that’s one reason they switched around to an all cash offer for WBD

LordSnarfington

Being punished for taking on debt, huge risk whether they can successfully incorporate assets from WBD, but if you believe they can they secure streaming dominance with a theatrical pipeline. There would be nowhere else to get the quality you find in theaters or HBO except the NFLX family. If they can't, the stock will be punished for years most likely. Luckily, I have years and I'm buying. Biggest risk to me isn't WBD assets it's the fact they have to compete for eyeballs with short form video platforms which take away engagement

InvestingMonkeys

I have been ignoring their offer. Majority of WBD shareholders rejected their offer already so now they are just trying to buy up shares from those who will sell them to try a hostile takeover by having a majority voting stake.

avilacjf

Completely agree. I think this is a non-trivial aspect of the WBD acquisition too. The IP has growth potential in a world of generative media. The algorithms that they use to identify what shows/microgenres are likely to succeed also give them an edge in a world flooded with AI media. Their hit rate will be better and their recommendation engine can keep the curation side of the user experience dialed in as well. Similar thesis for Warner Music Group imo. We know AI can reliably improve through RLHF and the main downside is that the accuracy and reliability drift, but with aesthetic media like music RLHF can scale basically infinitely. The large catalog of artists allows for music directly inspired by existing artists as well as fine-tuning models on the highest quality content without fear of IP breaches.

Used-Addendum-6834

Is WBD that worthy?

Spins13

I thought they still had 80 bil to spend on WBD. Why not use that instead?

Pecosbill52

This explains why no new offers WBD.

labowner85

100%. Netflix calls or even an outright buy is going to work great in the long run. Larry won’t get WBD

nodakakak

God, I wish we would stop seeing market consolidation. Have GE buy WBD, anyone else in any non-competing sector, just not another streaming service attempting to swallow competition.

owmysciatica

If they can pay $30, they can surely pay $100. Otherwise tell them to go jerk themselves. We don’t want Skydance owning WBD.

Masverde66

If everyone did that then Netflix wouldn’t acquire WBD and their stock wouldn’t be as valuable. You’re just helping Paramount win a hostile takeover.

Stonks303

Holding your WBD shares for a cash buyout from Netflix is dead money. Personally, I'd sell my WBD shares for the $30 and use the cash to buy Netflix. The real question is why isn't Paramount either going into market outright buying or selling put options to get assignment.

H_o

with gold prices so high, shouldn't we be going all in on WBD? Gold Rush gonna be lit

EnvironmentalYou1590

Same. Hopefully it can rally hard and the $WBD happens.

upwy

larry ellison bought cbs and paramount, ruined. he put that clown bari weiss in charge and cbs news is a laughing stock. he bought tiktok, ruined. mass exodus. if crazy larry gets WBD, batman will be ruined forever.

LoathedOne

Too busy trying to buy WBD to move up

HazardousRhombus

How exactly is the government putting a large sum into NFLX dude? POTUS bought $1-2M of bonds. Hardly has control over the company or its acquisition of WBD.

HMI115_GIGACHAD

The primary question you should be asking yourself is if you believe the WBD will be a bullish investment for management to make. If you think the ROI from that will be a net positive for the company than i would keep the shares. I averaged up on Netflix on this short attack. Netflix has one of the best management teams in the world.

TAKINAS_INNOVATION

I own both of them. Trimmed them both down a while back. Netflix probably won’t do anything until the WBD deal is done. Spotifys founder stepped down and he was the one who turned Spotify around and made them profitable. When people were clowning on them for podcasts and laughing. He saw the vision of a super audio app and executed on it. He’s stepping down from ceo this January. That’s why these two companies are down. They’re still both good companies and probably won’t go anywhere but that’s what hanging over these companies at the moment.

miTgiB37

So Netflix buying WBD hasn't changed your feelings yet? Mr Market is saying otherwise with the stock declining. Personally I see it as positive for Netflix either way and if it drops to the 70's I'll add to my position

wheresbicki

I wouldn't be so sure of that. Look at the Trump administration trying to meddle with the business decisions of various corporations. The WBD buyout, threatening CBS to censor in order to approve a buyout from Sky dance, their threats to remove the Intel CEO, forcing Amazon to remove information about how customers are paying for tariffs. The main winning argument the US still has is that they still have an independent federal reserve. Guess what happens in May....

himynameis_

The businesses are set up very well for success. Uber bookings is growing in the +20% range right now in their Eats and Mobility. It accelerated last quarter. Their TAM is increasing, and they are taking market share. Their Uber One membership is growing too, and each member spends a lot more on Uber with subscription than without. And Dara has partnered with 12 different AV partners globally. They're launching AVs in 10 new cities this year. They're an asset light, fcf machine, with management saying overall they intend to spend half their fcf on buybacks. Brookfield Corporation has massive scale. They're owner operators of the real assets of the economy, the backbone of the economy. In Power, bridges, toll roads, etc. They've pivoted 20 years ago to raising capital with investors for their projects and have grown very successfully, in the 18% range for the last 20 years. They've recently added in their Insurance business which is doing very well, as is their Private Credit business. Moreover, they're going to benefit big time with the AI boom, as globally, we are energy constrained. And all the big players, big tech, sovereign countries, are partnering with BN to build more energy. With Nuclear, the USA government gave BN $80B to build nuclear plants. BN is one of the top owners of hydroelectric dams globally. They're building more solar+wind+battery plants which are in high demand for AI workloads. Meta is just a beast in social media. They're undervalued now, growing revenue by +22%, with strong operating leverage, growing DAUs in their family of apps, currently 3.4B users. Massive. MasterCard has had negative sentiment due to fears of stablecoin and trump not understanding how credit card debt works. But they're the rails for payment systems globally. Very strong position. Netflix may/may not be undervalued now. But with WBD they'll be a much heavier business. Long-term compounding machine.

ShadowLiberal

I don't know about the whole year, but for the moment buying more NFLX and V/MA. For NFLX I think that the market is really underestimating the chances of NFLX not getting WBD, and overestimating the risks of it not working out. And even if they don't ultimately get it at today's price who cares, they'd just be paying money to keep it from Paramount longer. On V & MA I think that people really overestimate the chances of the credit card interest rate cap passing, while also forgetting that V & MA don't loan money, it's the banks that would eat the loss from the lower interest rates.

bdh2067

Loading up here. Both shares and LEAPs. Even if a currupt gov hands WBD to paramount, NFLX will be seen as the winner. If they succeed in buying WBD (by presenting some ridiculous gold trophy of faux peace prize), the short-term hiccups are likely priced in.

SalukiKnightX

I took $270 and with a lot of maneuvering turned it into $575 split between my Brokerage and Roth IRA. It’s at the point it’s hovered around this amount for the better part of 3 years. This after starting 16 February 21. I know it’s not much, but getting out of crypto going into etf’s buying full on single shares of Walmart and Disney at certain times helped (I have a share in WBD but only through inheritance via ATT, it only started growing recently after being an albatross for the majority of my ownership). I don’t know how I managed steady growth but it’s being hands off when needed and pro-active when times permit. So far, it’s been… fascinating.

Cesare5747

Definitely a chance for it to reach 95 in that time frame, Paramount offer was extended to Feb 20th so if that offer expires without any word from WBD you might see a significant rally. Got 2 weeks to expiration for my 88$ call and I'm feeling pretty confident. (Up ~70% already)

_hiddenscout

NFLX is also on my watch list right now, I'm still iffy on them, since I do think the WBD thing will blow over, just worry more about the debt because of the acquisition.

One-Ad5769

Needs time to digest WBD. Then up.

WordsHappenedHere

Just avoid it until the WBD is done. It won’t go up until the deal is done

ElectrocutedNeurons

Netflix is fundamentally dead and Youtube will do to Netflix what Netflix did to Blockbuster. 1. You cannot compete in entertainment against infinite ugc content The name of the game is content variety. On Youtube I can watch wsb compilation, cop shootings, sports, memes and everything in between. Netflix has none of this. You can see the same dynamic with Tiktok vs Reels vs Shorts, Tiktok has a clearly superior variety of contents and that's why they are winning massively. 2. Netflix is only strong in the category that matters the least: movie Movie is a slowly dying category and you can see this everywhere in the numbers: Hollywood earnings, number of theater watchers (see AMC stock),... Even the Hollywood strike is a result of this. The WBD acquisition will be looked back as a mistake - in doubling down on a losing category Netflix will lose everything. 3. Netflix does not have any advantage against Youtube the way it does against other streaming platforms Both Netflix and Youtube are very good at tech (ease of use, streaming quality, development speed,...). Back in the streaming war Netflix has advantage in everything except content, now they just have no advantage against Youtube. 4. Generative AI has and will change entertainment significantly Unlike other industry, hallucination is a good thing in entertainment, not a bad thing. AI can generates infinite content by the time a human made even just one. Hollywood is a dinosaur industry that actively resists this inevitability, and Netflix will die in the fiery death with the dinosaurs.

lurch1_

Its dead money until it completes the WBD merger and absorbs it...could take months or even a year. Take a look at SNPS after announcing the ANSYS deal. Its been 2 years now and the stock still sucks.

k7rw

The might pull off the WBD deal by April but I think Ellison will cuck

arigold940

bought a ton of nflx shares for the 1st time yesterday.. if they win WBD, shits moon shotting

Able_Show_8560

$NFLX is a buy here. Whenever this WBD thing gets worked out its gonna shoot back up to $100. NFLX is market leader in streaming and streaming is a super strong sector because everyone is lazy and stays home and puts on netflix on the background while they scroll

Happy_Discussion_536

Larry Ellison: >BUT Dadddddy I want WBD and I want it NOW 😭😭😭🗣️🗣️🗣️🗯️!! >Ted Sarandos thinks he's better than ME at running companies!! I'm NOT leaving my room until YOU raise more money 💢😤!

Three_of_a_kind3515

I like NFLX a ton.. we have owned the stock since 2008.. but I don’t see it moving upward or downward any time soon.. maybe a dead cat bounce, but since the stock split.. just too many shares and them stopping the buyback so they can use the cash to buy WBD.. ouch. I wish you luck, but 325 million subscribers is the most of any streaming subscription and their ad tier is gaining traction.. I see sideways till next year.

Difficult_Physics704

I sold at 300 expecting a wall but they ran straight through that shit. Google did the same thing to me. Also sat on my hands on WBD at $12 and didn't jump on board before they sold and missed 100% gains there.

Totallycomputername

I got some $92 calls today for Jan 2027. Who knows how long the WBD is gonna mess things up but this shit isn't staying down forever. 

AutisticGayBear69

🥭owns bonds in NFLX and WBD so this could work out.

AutoCodes

I honestly can’t believe the direction Netflix’s stock is taking right now. I understand the concerns around the WBD situation and the recent slowdown in growth, but it’s impossible to ignore the reach Netflix already has. For millions of households, it’s basically a utility bill at this point. And with everything happening around the Ellison/Paramount deal, I can’t help but wonder how much of the market’s reaction is fundamentals and how much is big players reshuffling their positions. Not saying anything shady is happening—just acknowledging that large moves in the industry can create noise across the whole sector. Either way, I’m sticking with Netflix. The long-term story still makes sense to me.

Neat-Voice2456

Here’s my way of thinking about this, and how I think Netflix is as well. In the age of UGC, AI slop, TikTok, short form content, the way you differentiate yourself is with strong IP. And strong IP is extremely difficult to spin up. Much of the world’s strongest media IP is 20-50+ years old. No amount of money can replicate the DC Universe. You need money, but you also need brilliance and time. If you try to compete with YouTube, TikTok, Instagram on content that they can produce, you’re going to lose. But if they have Kai Cenat China trip and you have a new Christopher Nolan Batman movie starring Leonardo DiCaprio (making this all up), you can compete. You have differentiated product that is based on strong IP. Then, as you mentioned, the IP benefit for other forms of media. Netflix has started releasing these “Netflix houses” in malls, which desperately need strong IP. Gaming is another big one that benefits hugely from IP. I think Netflix can target people who are not traditionally gamers with very casual, interactive, story based games. The way Netflix differentiates themselves in the era of UGC is maximum quality and legendary IP. And that’s exactly what WBD provides.

Rayzor_Rancher

Betting NFLX takeover bid of WBD fails which will free up cash and ignite massive share buybacks. So I'm now in deep itm 2/20 $75C at .85 delta. Looking for a 20% pop eow.

_hiddenscout

I think NFLX is pretty interesting where it's at. The thing is, it's going to have the overhang of the WBD deal until it's done and the company is going to take on a fair amount of debt to do it. MSFT is probably my favorite of the bunch. AMZN is my least favorite, just because I worked there as an engineer and I only like the AWS part of the business. Not a fan of the retail side and my biggest fear as an investor is that Amazon reinvests so much that it continues just to focus on growth.

Lost_in_Torontoh

His network is probably hundreds of millions, 1 million a bond bought by his asset manager is irrelevant. Doesn't tell anything about the WBD and Netflix deal.

himynameis_

I suspect over the next year it will be "dead money". As in, markets will push the price down due to uncertainty around regulators for the WBD acquisition. Plus the uncertainty of Netflix successfully integrating WBD. I own shares at $94. I believe long-term, the WBD deal is very good for Netflix.

brute-forced

Lmao, NFLX is trying to buy WBD… that’s all you need to know

AcrossFromWhere

This sub has brought quite a few winners to me. RKLB, ASTS at $4.00/share, WBD, RCAT/ONDS. Once you get past the memes it’s useful for early identification as long as you are choosy.

Stitch426

An analyst questioned in their commentary that why would they need WBD? Are they having lower engagement and need them now? So NFLX added uncertainty to the stock in two ways. Going head to head and making investors wonder if there is a fundamental problem that may not be fixed cheaply or quickly.

Iunatic

Yeah I understand that. However I think it's better than the big tech companies burning money on data centers like META since you can tangibly see what kind of monstrous media moat they are creating with the WBD acquisition. I am going to slowly build a position from here.

Strange-Ingenuity420

Netflix dropping a cash-on-hand offer for WBD is beyond bullish. Recovery soon.

Sea-Dragonfruit2250

Imagine if Paramount gets the deal… As a consumer, Netflix needs to win at this point or Paramount will ruin perfectly good WBD content with their shit streaming platform. I can’t even watch a full episode of Southpark without it redirecting me to live TV. It’s quite literally unwatchable. Paramount isn’t worth the $.99/month I paid for it so I cancelled in the middle of the promotion.

Difficult_Physics704

Don't feel too bad Ive only been at this since August and unfortunately I was more interested in the trading aspect so even though I was like "OH GOOGLE IS $190 HELL YEAH" I was also like I wonder who is working on Alzheimer breakthroughs. So I missed out on holding the lot of GOOG I had and then I was also like "Oh WBD is $12 that's a $20 stock easy". My dumbass forgot about it and then it went to $30 😭. Also could have gotten into Barrick Mining at $22-$25 and didn't. I'm trying to bring myself back to just joining so I'm not always thinking about how much I have missed out on but also am thinking about our current climate.

Lebowski304

When Disney picked up marvel and Lucas films it was huge for them. You’re getting a shit ton of ipo with WBD.

Last_Preparation_446

It's obvious Wall Street doesn't like the uncertainty of the WBD deal. Zaslav CEO of WBD somehow convinced the CO-CEOS of Netflix that WBD would be a great fit for NFLX. Wall Street knows the history of WBD mergers. AT&T lost a fortune, AOL - Time Warner lost a fortune. Now Wall Street thinks NFLX will loose a fortune also. WBD was in the $8 - $9 range last year it is hard for me to believe it is worth what Zaslav has gotten from NFLX and he even wanted cash as he saw NFLX price dropping.. They should walk away from this deal ASAP and see the stock price go up again.

Last_Preparation_446

It's obvious Wall Street doesn't like the uncertainty of the WBD deal. Zaslav CEO of WBD somehow convinced the CO-CEOS of Netflix that WBD would be a great fit for NFLX. Wall Street knows the history of WBD mergers. AT&T lost a fortune, AOL - Time Warner lost a fortune. Now Wall Street thinks NFLX will loose a fortune also. WBD was in the $8 - $9 range last year it is hard for me to believe it is worth what Zaslav has gotten from NFLX and he even wanted cash as he saw NFLX price dropping.. They should walk away from this deal ASAP and see the stock price go up again.

dydtdtdx

Ngl has GOOGL vibes over it, people complaining about price action, WBD deal regulatory overhead, while fundamentals have not changed much. ad revenue growth projected to double this year. could be good to scale in, $85, $80, $70 doesn’t matter much if you’re long term atp, it’s an easy 2x in the next 5 years imo. Keep in mind nobody wanted GOOGL when it was 190, 150, but now everyone wants it at 300. Same for NFLX NOW. If you’re concerned about valuation META is cheapest Mag7 NOW. This Warner bros shit is overblown and will unfuck itself within the year. yes the government will do the whole song and dance but it’ll pass. hopefully Ellison will cover his shorts and fuck off WBD, or even better if he wasn’t so much of a pussy, raise his bid and takes WBD off of NFLX and it moons 20%-30% in a day. tldr buy nflx and chill

Creative-Sherbet-584

Hear me out, Netflix acquires FUN after WBD

Non-profit-God

I agree with you but there will be insane volatility and I wouldn’t put it past the admin to fuck with the WBD deal since his homeboy Ellison isn’t getting his way. I’d wait a little on this one.

TAKINAS_INNOVATION

Short term could get hammered. Netflix isn’t buying back stock anymore so they’re not going to step in and stop the drop. Long term you have to really believe this WBD deal is good for them. They have to use the IP well and expand into video games, merch, and experiences. They just almost reached a billion viewers. So they’re not likely going anywhere. But the problem is do they become like Disney and just be dead money for the next decade if it does go through.

thelastsubject123

I feel like most people don't know that statistically, 70-90% of M&A are absolute failures (not including tuck in acqs). GOOG acquiring Doubelclick and Meta buying Instagram is what people envision when they see a big M&A. Reality is more like Microsoft + Nokia, Teladoc + Livongo, AT&T + Time Warner, etc etc. NFLX acquiring WBD is much more likely to be the latter given that WBD's balance sheet is terrible and core business has just been staying alive, rather than growing. Truth be told, I'm shocked that any netflix shareholder would suppor tthis M&A. You're spending 72B for a company barely worth 20- most of its assets are goodwill and intangible...

darkoath

It's trending flat despite somewhat positive, not great, news because they announced before open that they were willing to do an all cash deal for WB. Which means that they will be spending all of their own cash, taking on a huge loan and then inheriting WBD's debt load that was inherited in the Discovery deal that was inherited in the AT&T deal that was inherited in the AOL/Time deal. There's a lot of debt attached. Every company that sells it off attaches their own debt as well. Netflix (as it is still currently called) will have a staggering amount of debt on their balance sheet and very little cash reserve when the deal is closed. That fundamentally changes their book value which fundamentally changes the value of their share price. Which is actually the way share price is SUPPOSED to work but rarely does anymore.

ShadowLiberal

Counterpoint, there's a lot of uncertainty in the stock, so a small move like that in EPS projections shouldn't matter very much long term. What should matter is if the deal closes or not, since that will have a BIG effect on their profits and expenses. Netflix also recently decided to switch the deal to an all cash offer in order to get the deal closed a lot faster, which means investors will get certainty sooner about the outcome of the WBD acquisition.

Maakus

Netflix is going to pay ~$70B CASH for WBD. This changed from being a part stock deal. They are in $10B debt right now, and make 44B or so a year, maybe 50B revenue next year with 20% profit margin that's going to get worse with the acquisition. This debt and profit margin loss is going to hit their return on capital growth that shareholders were loving. Expenses are going up as Netflix continues to pay acquired WBD talent and cleans up their bureaucracy. I don't expect much from the stock unless they raise prices across the board significantly in the next two years. As much hate as they get DSNY and PSKY are at an easier entry point today.

account051

Unless I’m mistaken, they deliberately left out the WBD legacy media in the deal. They’re paying for IP and studio infrastructure

VolcanoPlant

There's also the case when company has great future ahead, great numbers, and still price going down. I've seen it all, each earnings calls. Also, the deal with WBD could turn NFLX into a titan.

Soberdonkey69

I’ll buy in when it drops to $70 a share. I’m not a fan of the expensive acquisition considering the debt load that WBD has.

TAKINAS_INNOVATION

I agree, a lot of people keep thinking this is a grand slam merger. Look at WBD’s history and every time they’ve merged they ruined the company. Netflix could be the exception but history has not been very kind to companies that tried to merge with them. Also this doesn’t change the landscape. YouTube is still beating the shit out of Netflix. Netflix needs more live content and push into some more user generated content. Obviously don’t allow everyone like YouTube. But the writing has been on the wall for years. They need short form content too. Short form content keeps exploding and Netflix just continues to sit on the sidelines.

LordSnarfington

I bought shares today, long term hold. WBD deal falls through, quick profit. WBD goes through, I think it falls more or trades flat until they can show the increased subscriber count and price hikes. I'll buy more the whole way down

fredditf

$NFLX | Netflix Q4’25 Earnings Highlights 🔹 Revenue: $12.05B (Est. $12B) 🟡; +18% YoY 🔹 EPS: $0.56 (Est. $0.55) 🟢 🔹 Oper Income: $2.96B; +30% YoY 🔹 Oper Margin: 24.5%; +2.3 ppts YoY 🔹 FCF: $1.87B (Est. $1.46B) 🟢; UP +36% YoY Q1’26 Guide 🔹 EPS: $0.76 (Est. $0.81) 🔴 🔹 Revenue: $12.16B (Est. $12.2B) 🔴 🔹 Operating Income: $3.91B (Est. $4.18B) 🔴 🔹 Operating Margin: 32.1% (Est. 34.4%) 🔴 FY26 Outlook 🔹 Revenue: $50.7B to $51.7B (Est. $50.96B) 🟢 🔹 Operating Margin: 31.5% (Est. 32.4%) 🔴 🔹 Free Cash Flow: ~ $11B (Est. $11.93B) 🔴 🔹 Ads: expects ad revenue to roughly double vs. 2025 Q4 Segment Revenue (YoY) 🔹 U.S. & Canada (UCAN): $5.34B; UP +18% YoY 🔹 EMEA: $3.87B; UP +18% YoY 🔹 Latin America: $1.42B; UP +15% YoY 🔹 APAC: $1.42B; UP +17% YoY Other Key Q4 Items 🔹 Paid Memberships: crossed 325M during the quarter 🔹 Share Repurchases: $2.1B in Q4; $8.0B authorization remaining 🔹 Cash & Equivalents: $9.0B; Gross Debt: $14.5B 🔹 One-time: net income included ~ $60M in costs tied to the Warner Bros related bridge loan Major Headlines 🔸 Netflix says it will pause buybacks to accumulate cash ahead of the pending Warner Bros deal 👀 🔸 Warner Bros deal amended to an all-cash transaction valued at $27.75 per WBD share

Commercial_Seat_3704

NFLX pausing buybacks to raise cash to buy WBD lol this management team is a shit show

_hiddenscout

Not a bad quarter at all. Wonder if the call might move it, since there will be probably questions around WBD.

Outrageous_Tip_2133

I think hedge funds and institutions who need to show quarterly and yearly profits to clients are hesitant to buy it through a 2-year long uncertainty and sideways period through WBD acquisition. If you are a longterm holder and believer in the company, these are very attractive levels to buy. NFLX will have a trillion dollar valuation at some point in the next 5 years.

Dumbest_Degenerate

No, but it won’t kill it. If they’re buying WBD they’re going to be investing into more high profile films. Going through the theater route then streaming it after X days is the best way to go. Netflix has the best distribution for streaming by far. Netflix also has the balance sheet to invest into high profile films unlike many of its peers. Netflix what’s best for their investments. Here, at least in the short term, movie goers win.

Samjabr

Really? Another day of non-stop NFLX/WBD news - no one cares.

Open_Sir_8830

\*\*\*hoping Netflix with rebound due to the news that Orange bought bonds after WBD deal.\*\*\*

TAKINAS_INNOVATION

Netflix earnings today. Key things to look for. 1. Ad revenue 2 WBD merger 3. Next big content pipeline The WBD deal is concerning to me. Are they doing this from a position of strength? Or is growth slowing down organically and they need inorganic growth to fuel the pipeline. I’ll be listening to the call and see what management has to say. Their management is phenomenal and Ted has an impressive resume so I’ll give him the benefit of the doubt and hopefully he can pull it off. With this WBD hanging over Netflix and Spotify’s CEO stepping down. I’m not sure who my number 1 media company is now.

TAKINAS_INNOVATION

I don’t get why people are so bullish on this acquisition. The IP is decent but you’re paying 80 plus billion for it. It’s a hefty price and if you look at history. The people who have bought WBD have not done well in the past. Could Netflix pull it off? Maybe Ted and management are amazing. But this is a big acquisition.

Me-Regarded

Yes, so overdone. I would love WBD library in Netflix, it's a win win over time. The last thing I want is 5 streaming services that never have what I'm looking for. 2-3 services to pick from fine, I guess.

SeriousSir1148

As per my personal framework, heavily influenced from teachings from Prof. Aswath Damodaran, I have done historical FCF analysis and I am convinced that Netflix is a good long-term debt given the gist from my blog post: # Cash-centric observations (summary) * **OCF:** Improved and consistent as revenue/pricing power scaled. * **CapEx & content cash:** More disciplined; licensing strategies reduce upfront content cash intensity. * **FCF:** Moved from negative/volatile to sustainably positive. * **Capital allocation:** FCF now funds buybacks and reduces leverage rather than requiring external funding. **Conclusion** * **Netflix + WBD (pro-forma)** — Most realistic financing mixes (material cash/debt) make the deal **FCF-dilutive** in the near term. Only a narrow path (large stock consideration, fast synergies, or aggressive WBD capex cuts) preserves Netflix’s per-share FCF profile. If interested, please look for my handle "jagadeeshrampam" and for the Title "Why Cash beats profit (Cash is the King)". suggestions/inputs welcome!

DependentCheck992

When is the WBD deal supposed to resolve?

AcademicStandard3701

NFLX to $125, WBD deal gets cleared up on the er call! 🥭 having a stake in them, there is literally no more downside from here only UP!!

Capadvantagetutoring

these are a BONDS not stocks. He bought BONDS not the stock. . He bought $100 million in bonds of MUNICIPAL and corporate bonds and $1 million of those were the NFLX/WBD. He bought $82mil in bonds the previous quarter. A majority of the bonds were cities,towns.hospitals and utilities. Also he has a managed portfolio by a 3rd party.

2QuarterDollar

Yeah, it’s really running rampant. I remember when the crown prince of Saudi was here and he knew there was a polymarket bet on him saying certain things, so he said it. Also with Karoline Leavitt, a bet was made that her speech would last over 65 minutes. So when she was talking for 64:30 minutes, the odds of over going over 65 was at 99%. Then she suddenly left the room and the odds collapsed to 0 and people made 100X in mere minutes betting on less. There are insiders trading on polymarkets daily and you can follow the unusual activity like how you can follow unusual option flows. Right now trump is buying bonds like crazy. US sovereign as well as high yield and corporate debt like Netflix and WBD. By going this route he kind of leaves retail out of the loop and only he and his friends make money when they manipulate mergers or make company deals

Iamnotarobot82

LOL, 🥭 bought NFLX and WBD shares ! I am fucking in next Tue NFLX.

hltrading

Not a Trump fan but his money manger made 141 bond trades including NFLX & WBD during time period mentioned.

YesNo_Maybe_

Part article: Donald Trump bought at least $1m worth of bonds in Netflix and Warner Bros Discovery (WBD), according to a financial disclosure form, days after he said would “be involved” in a proposed merger between the two companies. The White House released a financial disclosure report on Friday which showed that Trump made two purchases from Netflix and two purchases from WBD, each amounting to at least $502,000. Trump bought the bonds on 12 December and 16 December, a little more than a week after Netflix agreed to buy WDB in an $82.7bn deal. The purchase is subject to regulatory clearance and is sure to raise eyebrows given Trump has said he will be engaged in that process. “They have a very big market share,” Trump told reporters at the Kennedy Center on 7 December, two days after the deal was announced and five days before he began to purchase Netflix and WBD bonds.

kneeco28

> Trump bought the bonds on 12 December and 16 December, a little more than a week after Netflix agreed to buy WDB in an $82.7bn deal. So he bought WBD at basically the worst possible time? lol Oh well, great news for anyone who was concerned about the deal going through.

Legal_Ant_8900

> WASHINGTON, Jan 16 (Reuters) - U.S. President Donald Trump purchased about $100 million in municipal and corporate bonds from mid-November to late December, his latest disclosures showed, including up to $2 million in Netflix (NFLX.O), opens new tab and Warner Bros Discovery (WBD.O), opens new tab bonds just weeks after the companies announced their merger. >Financial disclosures posted Thursday and Friday showed the majority of Trump's purchases were municipal bonds from cities, local school districts, utilities and hospitals. But he also bought bonds from companies including Boeing (BA.N), Occidental Petroleum (OXY.N), and General Motors (GM.N).. >…Trump regularly buys bonds as part of his investment portfolio. He previously disclosed at least $82 million in bond purchases from late August to early October.