Netflix shares slide further after reported Roku bid loss

EarningsPrice Action
โดย Yahoo Finance·Read original
Summary · why it matters

Netflix shares fell 4% on Tuesday, extending a two-month decline of 27%, after the company reportedly lost a bidding war for streaming platform Roku to Fox. The setback follows Netflix's earlier failure to acquire Warner Bros. Discovery, losing to David Ellison's Paramount. Year to date, the stock is down 16% compared to a 10% gain for the S&P 500, and it is now trading below its 50-day, 100-day, and 200-day moving averages. Investors are also concerned about slowing growth and the recent departure of longtime chairman Reed Hastings. Netflix reports second quarter earnings on July 16, with analysts looking for improved guidance after the company disappointed in April by not raising its full-year 2026 revenue outlook and posting an operating margin forecast below expectations.

Impact on stocks 5

Communication Services± Mixed · 5 stocks
Netflix Inc
NFLX
▼ NegativeCompetitionrelevance

Netflix lost the bidding war for Roku to Fox, and also previously failed to acquire Warner Bros. Discovery.

Roku Inc
ROKU
▲ PositiveCapitalrelevance

Roku is the target of a reported winning bid by Fox, implying a premium acquisition.

Fox Corp Class A
FOXA
▲ PositiveCompetitionrelevance

Fox reportedly won the bidding war for Roku, beating Netflix.

Warner Bros Discovery Inc
WBD
± MixedCompetitionrelevance

Warner Bros Discovery is mentioned only as a past failed acquisition target for Netflix, not directly affected.

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