Netflix slightly beats revenue estimates, shares slide amid bidding war for Warner Bros

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LOS ANGELES: Netflix beat Wall Street's revenue and earnings estimates for its holiday quarter on Tuesday (Jan 20), but its shares tumbled more than 4 per cent in after-hours trading, as the streaming giant remains locked in a fierce bidding war for Warner Bros Discovery. The company reported results hours after amending its US$82.7 billion merger agreement with Warner Bros, as it seeks to fend off a hostile bid from Paramount Skydance.  "Historically, Netflix has not shied away from doing what’