After Netflix decided not to participate in the Paramount and Skydance bid for Warner Bros., its stock price surged by 11.12% in after-hours trading, closing at $93.67.

This market reaction highlights investors' recognition of Netflix's commitment to maintaining strategic independence. The company's decisive move this time avoided getting entangled in a complex M&A competition, instead focusing resources on deepening and innovating its core streaming business. This not only stabilized market expectations but also demonstrated its determination to focus on organic growth. Analysts believe that by steering clear of this bidding war, Netflix helps maintain financial flexibility and a focus on content investment, paving the way for long-term value creation.