Netflix stock plunged nearly 12% Friday, its steepest drop since April 2022, after weak guidance left shares 50% below their June 2025 peak.
Netflix Inc.
(NASDAQ:NFLX) shares are heading for their worst day since April 2022, leaving the streaming pioneer more than 50% below the record high it set on June 30, 2025.
The stock fell as much as 11.8% in the opening minutes of Friday's session, changing hands near $66.
What Went Wrong?
Second-quarter revenue rose 13% year-over-year to $12.56 billion, just short of the $12.58 billion Wall Street expected.
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Netflix shares are trading lower Friday after the company reported second-quarter earnings and guidance on Thursday after the…
Netflix stock has crashed this month, with its valuation falling to the lowest level in over four years as traders wait for its…
The stock is down almost 50% from its all time high exactly one year ago.
Netflix, Inc. (NFLX) is currently at $66.72, down $7.63 or 10.26%
Netflix stock fell after the video streamer disappointed investors with soft Q3 guidance and reduced disclosures.
Netflix (NFLX) shares have been in a steep decline over the past two months. But they could be getting close to a bottom.
