Yes.
Third election, or unity government without Netanyahu look like the alternatives.
If Lieberman wasn’t resistant to sitting with the religious parties, a right wing government of 64 could be formed.
Netanyahu has a few options. He can try to peel off some MKs from Labor, Democratic Union or Yisrael Beitenu to get himself a majority coalition.
Rabin did it in the 90s and faithless politicians could be found willing to betray their voters for a ministerial post and a lifetime pension.
The name of the game is power and nothing is being ruled out in forming a new government.