Netflix shares have fallen 38% over the last 12 months, with the decline highlighted by its 2026 second-quarter earnings report on July 16. The streaming giant largely met expectations but did not provide a meaningful boost to full-year revenue guidance, sending the stock lower. The drop comes as Netflix walked away from a bidding war with Paramount Skydance for certain Warner Bros. Discovery assets, a deal with a total enterprise value of $82.7 billion that is now tied up in legal limbo for Paramount. While long-term opportunities exist in gaming monetization, video podcast ads, and entertainment complexes, near-term catalysts appear scarce. Analysts at The Motley Fool suggest long-term investors could gradually accumulate shares or wait for further price declines.
Netflix IncQ2 earnings met expectations but no guidance boost, stock down 38%.
Paramount Skydance Corporation Class B Common StockNetflix walked away from bidding war with Paramount Skydance for WBD assets.
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