Story Arc Netflix Courtesy Netflix will report fourth-quarter earnings after the close of trading Tuesday, with Wall Street's focus on the results magnified by the streaming giant's pursuit of Warner Bros. Ahead of the earnings release, Netflix shifted its $82.7 billion offer for the streaming and studios division of Warner Bros. Discovery to all-cash. Last December, it had included some stock in a proposal that was mostly cash. Paramount has launched a hostile, all-cash bid for all of Warner Bros.