另一方面，派拉蒙为推动其对华纳兄弟开出的1084亿美元敌意收购案获得支持，近期正在欧洲展开一系 列公关攻势，不仅与法国总统马克龙举行了会谈，还与英国相关官员开展了磋商。 对此，派拉蒙拒绝置评。奈飞和欧盟委员会也未能立即发表评论。 根据欧盟相关规定，交易规模达到最低营收门槛的收购案，均由欧盟并购监管机构负责审查，该机构由 反垄断专员Teresa Ribera领导。监管机构的初步调查约耗时一个月，且通常会再延长90天;若官员要求补 充信息或推动企业做出让步，调查周期还会进一步推迟。调查结束后，监管机构可决定批准交易，或直 接否决。 （原标题：谁买华纳(WBD.US)，欧盟说了算：将对奈飞(NFLX.US)、派拉蒙(PSKY.US)收购要约同步审 查） 智通财经APP获悉，据知情人士透露，欧洲反垄断监管机构计划同步审查奈飞(NFLX.US)与派拉蒙 (PSKY.US)提交的收购要约，两家公司均有意竞购华纳兄弟探索(WBD.US)旗下核心优质资产。这意味 着，这两家流媒体巨头将陷入一场罕见且正面交锋的反垄断审查战。 报道指出，由于两家竞争对手的提案提交时机相近，且双方均已就收购计划与欧盟监管机构进行过初步 沟通，同步 ...

Paramount also filed proxy materials with the SEC, saying it would challenge the alternative bid for Netflix at an upcoming special meeting of Warner shareholders to vote on the company's sale. (Myung J. Chun / Los Angeles Times) David Ellison is not abandoning his quest to build a new Hollywood juggernaut. Ellison-controlled Paramount disclosed Thursday in a regulatory filing that it was extending the deadline of its tender offer for Warner Bros. Discovery stock. The firm had previously asked Warner sto ...

智通财经APP获悉，近日，奈飞(NFLX.US)召开了2025财年第四季度财报电话会。奈飞表示，展望2026 年，公司会专注于把核心业务做得更好，公司也在继续扩大 "云优先"的游戏策略规模。奈飞正在全力 推进收购 Warner Bros. Studios 和 HBO 的交易落地，公司认为这是战略上的加速器。同时，奈飞会在推 动并维持健康增长的前提下做这些事。公司预计 2026 年收入为 510 亿美元，同比增长 14%。 奈飞指出，公司内容上线节奏非常强。公司今年上半年一开始就会推出一些很强的作品，开年就会有不 错的爆款。2025 年内容排期更偏 "后半段"，2026 回归到季节性分布，因此会导致上半年内容摊销同比 增速更高；2026 年下半年仍会比上半年更重一些，尤其是 Q4——第四季度通常都是公司一年里最 "拥 挤" 的季度。但总体来说，今年的片单与排期会比 2025 年更平滑、更均衡。 奈飞续指，电视市场非常动态、竞争激烈，创作者、用户注意力、广告和订阅预算的争夺都在加剧。电 视消费的竞争边界正在模糊，不少服务同时把内容放在传统线性频道和流媒体上，越来越多平台进入客 厅电视。公司的交易会强化市场竞争，确 ...

Group 1 - The fourth quarter earnings season is gaining momentum, with major financial institutions like Charles Schwab and regional banks such as Fifth Third set to report results, alongside Netflix and Intel, which are expected to draw significant attention [1][5] - An optimistic consensus is emerging, with 7% of S&P 500 companies having reported fourth quarter results as of January 16, and analysts projecting an 8.2% increase in earnings per share, marking the potential for the 10th consecutive quarter of annual earnings growth for the index [2] - Analysts had initially anticipated an 8.3% increase in earnings per share heading into the reporting period, a decrease from the previous quarter's 13.6% growth rate, but expectations have been raised recently, particularly for technology companies [3] Group 2 - The current earnings season is expected to test the improved stock market breadth observed at the beginning of 2026, with ongoing themes from 2025, such as artificial intelligence and economic policies, continuing to influence market dynamics [4] - In addition to Netflix and Intel, other notable companies reporting this week include United Airlines, 3M Company, D.R. Horton, Johnson & Johnson, GE Aerospace, Procter & Gamble, Abbott Laboratories, and Capital One [5]

Core Viewpoint - Paramount has extended the deadline for Warner Bros. Discovery shareholders to support its hostile takeover bid, now set for February 20, 2024 [1] Group 1: Takeover Bid Details - Paramount's initial offer of $108.4 billion is positioned as superior to Netflix's $82.7 billion deal for Warner's studios-and-streaming division, with Paramount emphasizing a better chance of regulatory approval [2] - Paramount's bid includes a $30-per-share offer, which is believed to provide more value to shareholders compared to Netflix's deal, which leaves shareholders with a "stub" of Discovery Global [2][3] Group 2: Strategic Moves and Legal Actions - Paramount has initiated a lawsuit against WBD in Delaware Chancery Court to compel the release of more information that shareholders need, highlighting that WBD has withheld critical information about Discovery Global [5] - The financial terms of both Paramount's and Netflix's offers have been adjusted to all-cash, with Larry Ellison agreeing to personally guarantee a significant portion of Paramount's offer [6] Group 3: Market Reactions and Implications - Netflix's stock has declined approximately 30% since the announcement of the deal, raising concerns among analysts about potential distractions for the company in the coming years [4] - The ongoing takeover battle is expected to reshape the media landscape significantly, with implications for major studios as they navigate ownership changes [5]

Key Points Netflix's ad revenue exploded in 2025. The company has been focused on scaling its ad-supported plans at the expense of monetization. Ad-supported subscribers are less valuable than other subscribers, leaving a gap that the company is now trying to close. 10 stocks we like better than Netflix › After years of keeping ads off its platform, Netflix (NASDAQ: NFLX) introduced its first ad-supported plan in late 2022. Growth was slowing at the time, and by offering a lower monthly price, Ne ...

前段时间，一个马特·达蒙与本·阿弗莱克的播客引爆了电影人的讨论。大家在仔细琢磨过俩人的"流媒体剧作复盘"后惊觉——Netflix的编剧逻辑，已经开 始向国产平台剧靠拢了！ 马特·达蒙与本·阿弗莱克谈到Netflix会建议他们，在对白中把剧情重复三四遍，因为观众在看电影的时候经常会玩手机。 这对好兄弟是真大胆，他们是在宣传新片《全信没收》的时候爆了这些料，而《全信没收》正是Netflix的电影。 △ 《全信没收》是Netflix出品的电影 △ 过去的一年中有多部续集、IP影片上映 两人童年就是玩伴，又一同进入电影行业，一起拍戏，甚至一起成立电影制作公司。据他们分享，两人在自己的公司搞了个"全员分红制度"，只要电影反 响好，剧组中的每一个人都有分红。 不过两人也没有抹黑Netflix的意思，他们做客知名播客节目《Joe Rogan Experience》，很认真地就当前电影产业面临的各种问题分享了他们的见解，一 聊就是两个多小时。 行业的现状就是这么荒诞，我们需要思考的应该是"为什么"，以及"怎么办"。 马特·达蒙与本·阿弗莱克作为从业超过三十年的资深电影人，可不仅仅只会当"明星"。早在1998年，两人就曾凭借《 ...

We recently published 15 Stocks on Jim Cramer’s Radar.  Netflix, Inc. (NASDAQ:NFLX) is one of the stocks on Jim Cramer's radar. Netflix, Inc. (NASDAQ:NFLX) has been in the news lately due to the ongoing efforts by several media firms to acquire Warner Bros. Discovery. The shares are up by 1.6% over the past year and are down by 2.8% year-to-date. In mid-January, Keybanc cut Netflix, Inc. (NASDAQ:NFLX)’s share price target to $110 from $139 and kept an Overweight rating on the shares. The financial firm po ...

作者 Long Player ，内容为转载编译，仅为呈现不同市场观点与研究视角，并不意味着本公众号对文中观点结论认可。 尽管收益实现了不错的增长，但 Netflix（NFLX）的却在下跌。 即便是现金流有所增长。但这表明该公司此前估值过高，目前正回归现实， 而非公司业务出现了严重问题。事实上，收购华纳兄弟探索频道（WBD）的提议，纠正了该公司商业模式中一段时间以来日益明显的一些缺 陷。 如今，收购华纳兄弟探索频道的提议似乎给了市场一次现实检验，而这是 市场几乎无法通过其他方式面对的。结果就是， Netflix 目前正朝着 更现实的估值区间迈进。 | NFLX - Netflix, Inc. | NFLX Summary | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | $87.26 -0.74 (-0.84%) 4 00 PM 01/20/26 | | | | | | | | | | | | NASDAQ SUSD Post-Market $83.09 -4.17 (-4.78%) ...

Core Insights - Netflix is experiencing a significant shift in strategy with the proposed acquisition of Warner Bros., moving away from its traditional "build-not-buy" philosophy, which has raised skepticism among investors [1][2][58] - Engagement metrics have become a focal point for Netflix, with the company emphasizing the importance of understanding different types of engagement to drive revenue growth [9][10][25] - The acquisition of Warner Bros. is seen as a strategic move to enhance Netflix's content library and production capabilities, with expectations of improved subscriber retention and revenue generation [45][52][54] Engagement Metrics - Engagement is now a critical metric for Netflix, with the company acknowledging that its revenue per hour viewed is currently the lowest among streaming competitors, indicating potential for price increases [9][10] - Different types of engagement are recognized, with live events being highlighted as significant for driving buzz and signups, although they currently represent a small fraction of Netflix's total content portfolio [12][18][22] - The company aims to better understand and quantify the value of various engagement types to enhance its business model and drive growth [25][34] Warner Bros. Acquisition - The acquisition is justified by the complementary nature of Warner Bros.' theatrical and production capabilities, which are expected to synergize with Netflix's streaming model [46][50] - Netflix believes that Warner Bros.' existing content library is underexploited and that the company can leverage its global footprint to drive more viewership [51][53] - The deal is projected to be accretive to Netflix's business, with multiple drivers of value including increased subscriber numbers, higher revenue per subscriber, and enhanced advertising opportunities [52][54] Industry Dynamics - The competitive landscape is evolving, with Netflix identifying YouTube as a formidable competitor due to its significant viewer engagement and diverse content offerings [72][74] - The company acknowledges the importance of professional content over user-generated content, emphasizing the rarity of high-level storytelling as a sustainable competitive advantage [76][77] - Netflix's strategy includes adapting to changing market conditions and consumer preferences, which has historically allowed the company to pivot quickly in response to new challenges [66][68]