Netflix reported strong earnings and surpassed 325 million global subscribers, yet its stock faced significant pressure following muted forecasts and uncertainties surrounding the Warner Bros. acquisition. Despite a 10% increase in content spending planned for 2026 and a rise in ad revenue, investor sentiment remains cautious. The company recently hit a 52-week low as analysts expressed concerns about the bidding war for Warner Bros. Investors reacted negatively to the earnings call, leading to a notable decline in stock value, highlighting the challenges Netflix faces in maintaining growth and investor confidence.