Accuvest CIO Says Netflix Is Slated For A Great 2026 Despite Warner Bros Deal Uncertainty

• The portfolio manager noted that Warner Bros seems to prefer to be acquired by Netflix over Paramount. 
• Last week, Bloomberg reported, citing people familiar with the matter, that Warner Bros is expected to once again turn down an amended takeover offer from Paramount this week.

Eric Clark, CIO of Accuvest Global Advisors, said on Friday that Netflix (NFLX) is poised for a strong performance in 2026 despite the uncertainty currently around its deal with Warner Bros Discovery (WBD).

Clark said in an appearance on Bloomberg TV on Friday that the current uncertainty around Netflix pertains to its deal with Warner Bros. However, the CIO sees Warner Bros opting to be acquired by Netflix over Paramount Skydance (PSKY).

“It's been pretty clear that Warner wants to go with Netflix because it's having that IP and Netflix's hands is a much better opportunity to monetize that,” Clark said.

Clark urged to buy the stock when its low, opining that the stock will have a good quarter and year ahead in 2026.

“I think they're going to have a great 2026 and right now, you know, people are ignoring it because of the uncertainty around the deal and kind of an arbitrage, you know, buy Warner and sell Netflix, but from a business perspective, they're firing on,” he said.

The Tug-Of-War For Warner Bros

Netflix entered into an agreement with Warner Bros Discovery in December to buy the latter’s studios and streaming businesses for an equity value of $72 billion or $27.75 per Warner Bros share.

However, days later, Paramount Skydance made a $108.4 billion hostile bid for all of Warner Bros, including its cable television assets, creating uncertainty around Netflix’s deal. Under the terms of the Netflix-Paramount deal, Paramount will have to pay Netflix a breakup fee if it were to walk away.

While Paramount has called its hostile bid superior to that of Netflix’s, the Warner Bros’ board has been partial to the Netflix offer. The board of Warner Bros previously urged its shareholders to reject Paramount’s bid terming it inferior to its deal with Netflix. Last week, Bloomberg reported, citing people familiar with the matter, that Warner Bros is expected to once again turn down an amended takeover offer from Paramount this week. While the board has not made a final determination, it is expected to meet this week to discuss the offer, the report said.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around WBD, PSKY and NFLX stayed within the ‘bearish’ territory at the time of writing.

A Stocktwits user opined that Netflix’s current valuation does not account for the growth it had in the recent months. “I’m picking some up, people are out smarting themselves,” they said.

NFLX shares gained 3% over the past 12 months while WBD added 167%. 

Read also: Tesla's Energy Business Might Be Its Saving Grace As EV Deliveries Drop

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