Netflix enters 2026 with a massive opportunity -- and an equally massive risk.Netflix (NFLX 1.23%) enters 2026 with more momentum -- and more uncertainty -- than at any point in its history. The company continues to expand its ad business, sharpen its content strategy, and invest in new growth avenues. But it also faces the defining challenge of the year: a two-front battle to acquire Warner Bros. Discovery's studio and streaming assets.The next 12 months will determine whether Netflix strengthens its posit ...