Netflix slightly beats revenue estimates, shares slide amid bidding war for Warner Bros

LOS ANGELES, Jan 20 (Reuters) - Netflix beat Wall Street's revenue and earnings estimates for its holiday quarter on Tuesday but its shares tumbled more than 4% in after-hours trading, as the streaming giant remains locked in a fierce bidding war for Warner Bros Discovery. The company reported results hours after amending ​its $82.7 billion merger agreement with Warner Bros, as it seeks to fend off a hostile bid from Paramount Skydance. "Historically, Netflix has not shied away from doing what’s right ‌ ...

Netflix slightly beats revenue estimates, shares slide amid bidding war for Warner Bros - Reportify