Netflix is already the clear winner in streaming, says Odyssey Capital's Jason Snipe

Watch on YouTube ↗  |  January 20, 2026 at 20:44  |  4:55  |  CNBC
Speakers
Jason Snipe — Founder, Odyssey Capital Advisors
Alex Kantrowitz — Founder of Big Technology

Summary

CNBC's Closing Bell panel discusses Netflix ahead of earnings, with the Warner Bros. Discovery acquisition bid dominating the narrative. Netflix shareholder Jason Snipe remains bullish on Netflix's streaming leadership and sees the WBD deal as accretive if regulatory approval clears. Alex Kantrowitz argues Netflix strategically needs WBD, and that ad-tier advertising numbers are the key growth proxy and could make the stock a buying opportunity.

  • Netflix earnings are overshadowed by its all-cash bid for Warner Bros. Discovery.
  • Jason Snipe calls Netflix the clear streaming winner and expects the WBD deal to be accretive if regulators approve.
  • Snipe expects strong core Netflix results, including ad-tier momentum, about $12 billion revenue, and roughly 30% EPS growth.
  • Alex Kantrowitz says Netflix must buy WBD to prevent a competitor like Amazon or Paramount from becoming a second streaming giant.
  • Kantrowitz sees advertising numbers as the best growth proxy now that Netflix does not report subscribers.
  • Both guests flag regulatory and antitrust uncertainty as the main risk around the WBD deal.
  • Kantrowitz says strong ad numbers could make Netflix a good buying opportunity after a 30% drop from October.
Ideas
Jason Snipe Founder, Odyssey Capital Advisors 1:09
Netflix clear winner; WBD accretive.
Snipe is a Netflix shareholder and remains bullish despite tactical dead money around the Warner Bros. Discovery bid. He views Netflix as the clear, unrivaled streaming leader, believes the all-cash WBD acquisition would be accretive, and argues regulatory approval is the key hurdle; if the deal clears, the market is likely to react before the actual close, so he wants to stay patient and be positioned for the upward price action.
NFLX HIGH
Alex Kantrowitz Founder of Big Technology 2:27
Netflix must buy WBD to stay leader.
Kantrowitz argues Netflix has to buy Warner Bros. Discovery: letting a competitor such as Amazon or Paramount acquire it would create a second streaming giant and weaken Netflix's unrivaled position. He acknowledges antitrust/regulatory concerns, but says the strategic logic is sound, the stock should not be punished for pursuing the deal, and the all-cash bid helps reduce uncertainty.
NFLX MED
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This CNBC video, published January 20, 2026, features Jason Snipe, Alex Kantrowitz discussing NFLX. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jason Snipe, Alex Kantrowitz  · Tickers: NFLX