Netflix co-CEO Ted Sarandos is scheduled to testify before a Senate subcommittee this week regarding the company’s proposed acquisition of Warner Bros. Discovery’s streaming and studio operations for $82.7 billion. Lawmakers are expected to probe potential competitive effects in the U.S. streaming market, questioning whether the deal would grant Netflix undue leverage over content licensing and distribution. The hearing follows formal requests for additional documentation from the Federal Trade Commission and heightens the risk of regulatory conditions or even a lawsuit seeking to block or modify the transaction.

A collective of more than 500 German voice actors, organized by the Verband Deutscher Sprecher (VDS), has initiated a boycott of Netflix content over a recently introduced contract clause. The provision grants Netflix perpetual rights to use performers’ recordings for artificial intelligence model training without additional compensation. In the first week of the campaign, VDS reports that 80 performers have withdrawn from current dubbing projects, raising concerns about potential delays to localized releases of major Netflix originals and prompting discussions among industry unions in France, Spain and Italy.

Netflix shares declined by 11% during January, a downturn analysts attribute to the intensification of the Warner Bros. bidding war and rising regulatory uncertainty. Institutional filings for the third quarter show Jones Financial Companies LLLP increased its stake by 19.7%, acquiring 8,211 additional shares to hold a total position valued at $60.38 million. Meanwhile, 80.93% of Netflix equity remains in the hands of hedge funds and other institutions. In January alone, company insiders sold a combined 967,530 shares, generating proceeds of approximately $94 million and reducing insider ownership to 1.37% of outstanding stock.

In the fourth quarter, Netflix reported revenue of $12.05 billion, up 17.6% year-over-year, and delivered non-GAAP EPS of $0.56, marginally ahead of the consensus forecast of $0.55. Return on equity stood at 43.3%, while net margin reached 24.3%. For the current quarter, management has provided guidance for EPS of $0.76, reflecting expectations for continued subscriber growth in North America and expansion in Latin America. Research analysts maintain a consensus “Moderate Buy” rating, with an average target price implying upside of roughly 25% over the next 12 months.