Netflix (NFLX) shares have fallen over 26% in the past three months and are now 33% below their 52-week high. Despite this, the streaming giant continues to benefit from strong content offerings and subscriber growth. However, uncertainty surrounding Netflix’s bid to acquire Warner Bros. (WBD) has weighed on investor sentiment. The overhang from the deal could drive sharp moves in the stock after the fourth-quarter earnings report on Jan. 20, with options markets signaling elevated expectations for volatility.

Looking ahead, Netflix’s solid content and ad strength are expected to drive growth in the fourth quarter. The company’s expanding subscriber base and strong engagement levels position it well for the future. Analysts maintain a “Moderate Buy” rating on NFLX stock, citing the strength of Netflix’s fundamentals and improving monetization strategy.

Read more at Barchart: As Netflix Drops 33%, Is NFLX Stock Buy Ahead of Q4 Earnings?