Although Netflix announced a fourth-quarter revenue of $12.05 billion, higher than the previous estimate of $11.96 billion, and earnings per share of $0.56, slightly above the prior forecast of $0.55, its stock still declined. The company adjusted its acquisition plan for Warner Bros. Discovery Channel from an initial $82.7 billion cash and stock deal to a fully cash transaction to accelerate the acquisition process. Netflix's stock price closed at $87.26, near the bottom of its 52-week price range.