Netflix Delivers Solid 4th Quarter, but Stock Sinks Amid Worries About Slowing Subscriber Growth

Netflix logo displayed on smartphone. Popular video streaming service Netflix. Afyonkarahisar, Turkey – July 19, 2024.

Netflix capped last year with another solid financial performance despite slowing subscriber growth that underscored the importance of its contested $72 billion bid to take over Warner Bros.’ fabled movie studio and slot HBO Max into its video streaming line-up. The fourth-quarter results announced Tuesday eclipsed the projections of stock market analyst, but Netflix’s report also noted that video service with more than 325 million worldwide subscribers. That figure implied a subscriber gain of 23 million from 2024, a dramatic slowdown from the previous two years. Netflix’s stock price sank nearly 5% in extended trading, deepening the shares’ slump since last month’s bid for Warner Bros. Discovery.

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