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Netflix Shares Drop 5% Despite Strong Earnings as Warner Bros Deal Dominates Narrative
Netflix Shares Drop 5% Despite Strong Earnings as Warner Bros Deal Dominates Narrative
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BTCCSquare news:
Netflix's strategic pivot to an all-cash $27.75/share offer for Warner Bros Discovery—maintaining the $82.7 billion valuation—failed to impress investors despite beating Q4 earnings. The streaming giant reported $12.1 billion revenue and 325 million subscribers, with EPS of $0.56 narrowly surpassing estimates.
Market reaction underscored deeper concerns: the acquisition loads $85 billion in combined debt, forces share buyback pauses, and triggers bridge financing. Paramount's looming $30/share cash bid expires January 21, creating a tactical race against Netflix's April shareholder vote.
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