Netflix Shares Slide as Warner Bros. Bid Weighs on Valuation
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Netflix shares have declined significantly since June, particularly after the company was seen as a potential bidder for Warner Bros. Discovery. The stock has lost about a third of its value, recently hitting its lowest level since April. Investor caution is linked to uncertainties surrounding the acquisition, with concerns about costs and regulatory hurdles. While some investors see potential in the acquisition, others are wary of integration risks. Analysts suggest a rebound could occur if Netflix meets its fourth-quarter guidance, with expectations of adjusted earnings of 56 cents per share on $12 billion in revenue.
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