Netflix stock plunged nearly 12% Friday, its steepest drop since April 2022, after weak guidance left shares 50% below their June 2025 peak.

Netflix is facing a host of challenges as it prepares to report its second-quarter results late Thursday. Netflix stock is in a slump.

Netflix Inc. has been one of the worst stocks in the market as concerns about the video-streaming giant refuse to go away. Read here now

Today's earnings were reported after the closing bell — and then the stock sunk some more.