Netflix reported strong Q4 earnings with a net income of $2.42 billion and 325 million global subscribers, surpassing revenue estimates aided by subscription expansions and advertising growth. Despite these financial successes, the stock fell over 4% after hours, as investors expressed concerns about rising content costs and intensifying competition, particularly from traditional networks and social platforms. Netflix also announced a $72 billion all-cash offer to acquire Warner Bros. Discovery assets, which, alongside regulatory uncertainty, adds to market apprehension.