Ted Sarandos Blames Netflix Stock Decline on WBD Bidding War, Industry Uncertainty and AI

The Wrap
By Lucas ManfrediFeb 19, 2026, 2:57 pm58 pts
As Netflix stock continues to face pressure amid its $83 billion pursuit of Warner Bros. streaming and studio assets, co-CEO Ted Sarandos blamed the recent volatility largely on the ongoing bidding war with Paramount, as well as general uncertainty across the industry and around the “AI trade.” “There has…

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