Netflix Surges Ahead, Shuns Acquisition Talks with Warner Bros. Discovery

As of October 21st, 2025, Netflix is continuing its strong financial performance, with the streaming giant reporting solid third-quarter results. However, the company's co-CEO, Ted Sarandos, has made it clear that Netflix has little to no interest in acquiring rival Warner Bros. Discovery.

During an analyst call following the release of Netflix's Q3 2025 earnings, Sarandos stated that the company is focused on organic growth and does not see any "must-have" acquisitions to meet its business goals. This comes as Netflix's competitor, Warner Bros. Discovery, has confirmed receiving "unsolicited interest" from "multiple parties" amid ongoing speculation about potential industry consolidation.

While some industry analysts have speculated about potential bids from the likes of Comcast and Paramount Skydance for Warner Bros. Discovery, Sarandos reiterated Netflix's stance, saying the company applies a strict framework when evaluating M&A opportunities and that it has "no interest in owning legacy media networks." Instead, the streaming giant appears to be prioritizing its own internal growth and development.

Netflix's strong financial performance and its CEO's clear messaging on acquisitions suggest the company is confident in its ability to maintain its position as a leading player in the rapidly evolving streaming landscape without the need for major consolidation moves.