Why Netflix Stock Lost 11% Last Month

Netflix shares keep falling despite solid earnings. Here's what's driving the drama.Shares of Netflix (NFLX 0.84%) fell 11% in January 2026, according to data from S&P Global Market Intelligence. The video-streaming pioneer started sliding in October 2025, as unexpected tax charges met rumor mill whispers about a potential buyout bid for Warner Bros. Discovery (WBD 0.07%).The negative trend continued as Netflix actually launched the rumored Warner Bros. bid in December, followed by an unsolicited rival offe ...