Netflix Earnings Fall Short Despite Q4 Beat, WBD Deal Speculation

Friday, Jan 23, 2026 5:51 am ET1min read
NFLX--
WBD--

Netflix fell 2.18% to $85.36 after Q4 earnings beat expectations but guidance for 14% revenue growth and $6 billion in free cash flow in 2026 disappointed investors. The stock moved lower as investors weighed a new all-cash bid for Warner Bros. Discovery. The S&P 500 rose 1.16% to finish at 6,875, while the Nasdaq Composite added 1.18% to close at 23,225.

Netflix Earnings Fall Short Despite Q4 Beat, WBD Deal Speculation

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