• Huber Research downgrades Netflix (NASDAQ:NFLX) to Underweight from Neutral.
• Netflix announces a monumental $83 billion acquisition of Warner Bros., aiming to enhance its content portfolio.
• The acquisition deal is expected to finalize in the third quarter of the next year, with Netflix's stock experiencing a slight decline following the announcement.

On December 5, 2025, Huber Research downgraded Netflix (NASDAQ:NFLX) to Underweight from Neutral, with the stock priced at approximately $102.82. Netflix, a leading streaming service, is known for its original content and vast library. It competes with other streaming giants like Disney+ and Amazon Prime Video. Despite the downgrade, Netflix is making significant strategic moves.

Netflix is set to acquire Warner Bros. in a monumental $83 billion deal. This acquisition will bring together iconic franchises such as Harry Potter and Friends with Netflix's own popular series like Stranger Things and Squid Game. This strategic move is expected to significantly enhance Netflix's content portfolio, potentially reshaping the streaming landscape.

The acquisition will see Netflix take over Warner Bros. Discovery's studios and streaming services, while Warner Bros. will spin off its cable TV channels, including CNN and TBS, into a standalone business. Netflix will pay $27.75 per share, with the transaction expected to finalize in the third quarter of next year.

Netflix co-CEO Ted Sarandos expressed enthusiasm about the merger, stating that it will enable both companies to "define the next century of storytelling." Despite the significant acquisition, Warner Bros. Discovery's shares remained relatively stable in premarket trading, while Netflix's shares experienced a 3.5% decline following the announcement.

The current price of Netflix (NFLX) is approximately $103.03, reflecting a decrease of about 0.19% or $0.19. Today, the stock has fluctuated between a low of $97.74 and a high of $103.18. Over the past year, Netflix has seen a high of $134.12 and a low of $82.11. The company's market capitalization stands at approximately $436.47 billion.