NFLX is trading at $77.07, down 3.2% as of 9:54 AM EST, as investors weigh the impact of the company's planned all-cash acquisition of Warner Bros. Discovery.
- The deal is expected to significantly increase debt levels, straining Netflix's balance sheet and shifting its profile from a low-leverage business to a more leveraged entity.
- The stock has declined 12.3% year-to-date, extending a broader sell-off that has pressured the streaming giant since its June 2025 peak.
- Market participants remain cautious while awaiting clarity on deal completion, integration logistics, and the long-term monetization strategy for Warner Bros. assets.