According to multiple reports, Warner Bros. Discovery is set to convene a vote in March for its shareholders to approve the $82.7 billion sale of its streaming and studio assets to Netflix. The proposal, first unveiled late last year, has already secured board approval and is now awaiting the requisite 75% shareholder threshold. Institutional investors holding approximately 80% of outstanding shares have expressed support, while regulatory reviews across North America and Europe remain on track for completion by mid-year.

On January 29, CEO Gregory Peters sold 105,781 shares of Netflix stock, generating proceeds of approximately $8.77 million. Post-transaction filings show Peters now directly owns 122,140 shares, a 46.4% reduction in his position. The sale was disclosed via an SEC filing and represents the first insider reduction by a Netflix executive since the company’s major acquisition announcement. Market observers note that the move coincides with broader executive diversification of their holdings ahead of potential increased leverage from the upcoming merger.

In its latest quarterly report, Netflix delivered EPS of $0.56, surpassing analyst consensus by $0.01, and generated revenue of $12.05 billion, up 17.6% year-over-year. The company achieved a net margin of 24.3% and a return on equity of 43.3%. Despite these metrics—and guidance of $0.76 EPS for Q1 2026—shares have slid to their lowest level in a year, reflecting investor concern over integration risks and the balance sheet impact of the Warner Bros. transaction.