Shares extended a year-long slide, leaving Netflix down 50% over the past 12 months and at their lowest level since August 2024.
Netflix shares fell more than 11% after the company reported earnings that came in weaker than expected. The selloff deepened the stock’s longer downturn, with Netflix now down 50% over the last 12 months and trading at its lowest level since August 2024. The move points to a sharp negative market reaction to the results, as investors reassessed the company’s outlook following the earnings release.