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Netflix shares drop 7% while iHeartMedia rises 5% after expanded podcast deal.

Market News
22 Jun 2026
24/7 Wall Street
View Source
Neutral
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Netflix and iHeartMedia announced an expanded video podcast partnership, boosting iHeartMedia's stock by 5% while Netflix shares fell 7%. iHeartMedia retains audio rights and gains visibility from Netflix's platform, supporting its podcast growth. Netflix's stock decline is driven by broader market concerns and valuation debates, not the deal itself. Investors will watch if Netflix stabilizes near $72 and if iHeartMedia sustains its gains amid ongoing podcast revenue growth.

More News (NFLX)

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Market News
Bearish
8 hours ago
Netflix stock falls despite growth as M&A worries spook investors

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Market News
Bearish
12 hours ago
Netflix launches 'Unhinged,' a 30-40 min horror game targeting casual gamers and horror fans.

Netflix launches 'Unhinged,' a 30-40 min horror game targeting casual gamers and horror fans.

Netflix has released 'Unhinged,' an immersive horror game featuring a woman trapped during a hurricane with a killer nearby. Designed for casual gamers, the game offers 30-40 minutes of gameplay with two modes: Story Mode for narrative lovers and Sta...

Others
Bullish
12 hours ago
Netflix trades at low valuation with strong growth potential, rated Buy for 15%-17% annual returns.

Netflix trades at low valuation with strong growth potential, rated Buy for 15%-17% annual returns.

Netflix is currently valued at a historically low multiple of 20–22 times earnings, making it an attractive Buy opportunity. Despite moderate revenue growth, the company is improving net margins and expanding ad revenue, which supports strong earning...

Analyst Insights
Bullish
1 day ago
Netflix aims for $300 per share by 2028 despite recent stock drops and missed earnings.

Netflix aims for $300 per share by 2028 despite recent stock drops and missed earnings.

Netflix shares have fallen 17.47% year-to-date due to a missed Q1 2026 earnings estimate and strategic confusion after ending a Warner Bros. deal. Despite this, management highlights growth potential with only 5% global TV view share and plans to dou...

Analyst Insights
Bullish
1 day ago
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