As of 4:26 a.m. ET in New York on Saturday, December 27, 2025, U.S. stock exchanges are closed for the weekend, meaning Netflix, Inc. (Nasdaq: NFLX) won’t trade again until the next regular session opens. New York Stock Exchange+1

Still, “closed” doesn’t mean “quiet”—especially for Netflix stock right now. The company is sitting at the center of one of the biggest media M&A storylines in years, while broader U.S. equities are trying to finish 2025 near record highs amid thin holiday liquidity and heavy macro headlines.

Below is a comprehensive, news-driven look at Netflix stock price action, the Warner Bros. transaction, financing details, analyst takes and forecasts, and the key things investors should know before the next…