Netflix shares on Wall Street fell 4.9% this Wednesday after cutting its growth projections in the latest quarterly results, while the agreement with Warner Bros. and the risks it may pose remain up in the air.
The drop in the platform’s stock market, which reduced the price of shares to $82.97 each, occurred a day after it presented solid accounts in recent months but reduced market growth expectations.
Netflix titles have been reduced in recent months since they reached an all-time high of $133.91 each in June.
The entertainment colossus recorded a solid performance, with annual revenues of $45,183 million – 16% more than in 2024 -, a financial boost that was accompanied by an expansion in its user base, which already exceeds 325 million subscribers.
In the 2026 forecasts, however, the data is not so positive. The streaming platform sets revenue growth projections of between 12 and 14%, which, although good data, slightly reduces the increase in 2025, which was 16%.
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Investors also expected a higher operating margin than presented, of 31.5%, and that advertising revenue would increase more than expected.
Among its priorities for this year, Netflix also set “working to close the acquisition of Warner Bros.”
That same Tuesday, the platform improved its offer for the deal by offering to pay the $83 billion for the company, not including debt, in cash. It had previously offered that figure in a combination of cash and stock.
Investors fear that this purchase will mean more debt or less room for buybacks or shareholder compensation.
In addition, several experts warn that it is not clear what regulatory obstacles Netflix could face if the deal ends up being closed, nor what profitability it will have.
With information from EFE
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