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Netflix Under $100 as Warner Bros. Bid and Earnings Miss Pressure Shares

Investor concern tied to a Q3 earnings miss alongside a potential Warner Bros. Discovery purchase has pushed the stock below $100.

Overview

  • Shares have fallen about 19% since the Nov. 17, 2025, 10-for-1 stock split through Jan. 9, leaving the price under $100 and near a three-year valuation low.
  • The pullback followed a third-quarter miss on Wall Street profit expectations even as revenue growth continued.
  • Netflix is competing with Paramount Skydance for Warner Bros. Discovery film and TV assets, drawing questions about purchase price, financing, and integration.
  • Recent high-profile releases, including the final season of Stranger Things and Guillermo del Toro’s Frankenstein, are highlighted as potential subscriber catalysts.
  • The company opened two Netflix House immersive locations, a move supporters say could aid long-term growth and bolster a buy-the-dip case.