Starting the shortened trading week on an inauspicious note, Netflix ( NFLX 0.48%) stock dipped lower during regular trading hours today. And the stock is logging an even steeper decline after the bell. Netflix reported fourth-quarter 2025 financial results and other news, and investors aren't happy.

Hopes for a decent equity market rebound -- after Tuesday delivered the worst day for stocks since October -- have faded somewhat with less than three hours to the opening bell on Wall Street. S&P 500 futures at one point early in the session pointed to a near 0.

US stock futures lower, eyes on 3M, D.R. Horton, BOK Financial earnings; United Airlines and Netflix report after market close.

"By moving to an all-cash structure, both companies are clearing a path through the noise": Speaking of the WBD offer, TMF chief investment officer Andy Cross notes "Cash speaks louder than stock especially with Netflix's stock off 30% over the last six months."

E-mini S&P500 and Nasdaq 100 futures break key support levels today as Trump tariff threats trigger long liquidation. Analysis shows potentially bearish turn.

Netflix is now offering to buy Warner Bros. Discovery’s studio and streaming business in all cash — in an effort to win over the Hollywood giant’s shareholders for its $72 billion merger and potentially thwart a hostile bid from Skydance-owned Paramount.

Netflix amends Warner Bros. deal to all cash in bidding war

But the numbers will likely take a back seat to any discussion around Netflix’s drive to purchase Hollywood stalwart Warner Bros. Discovery, a bid that has been rivalled by one from Paramount Skydance. The battle for Warner Bros is anticipated to drag on for months, and possibly become mired in regulatory scrutiny in both the U.S. and Europe.