Netflix's co-CEOs devoted much of the streaming pioneer's post-earnings call defending their decision to splurge nearly $83 billion on Warner Bros' assets, marking a significant departure from the company's long-standing mantra: build,

Netflix stock, already down 15% since the announcement of the Warner Bros. bid, fell further after the company announced it would pause stock buybacks.

Netflix beat Wall Street's revenue and earnings estimates for its holiday quarter on Tuesday (January 20), but its shares tumbled more than 4% in after-hours trading, as the streaming giant remains locked in a fierce bidding war for Warner Bros Discovery.

Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in all cash — in an effort to win over the Hollywood giant’s shareholders for its $72 billion merger and potentially thwart a hostile bid from Skydance-owned Paramount.

Netflix's engagement is barely growing now. Netflix (NASDAQ: NFLX) announced its blockbuster acquisition of Warner Bros. Discovery (NASDAQ: WBD) on Dec. 5. Since then, the stock is down 20%, including an after-earnings sell-off on Tuesday.

Netflix reported earnings on the same day it announced its all-cash deal for Warner Bros Discovery, a transaction that all but eclipsed its fourth-quarter results. The company rep

Here are some of the stocks making notable moves in Wednesday's premarket action: Netflix shares are down more than 5% after the streaming giant [beat earnings expectations](

Days after telling the New York Times that Netflix would commit to a 45-day theatrical window after its acquisition of Warner Bros, the streamer’s co-CEO Ted Sarandos reiterated that pro-cinema message on a Q4 earnings YouTube video this afternoon.