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MarketBeat
MarketBeat
Leo Miller

Netflix Stock Drops 35%+ After Q4 as WBD Deal Risk Rises

Entertainment giant Netflix (NASDAQ: NFLX) just reported its much-anticipated Q4 and full-year 2025 financial results. The stock closed down approximately 3% on Jan. 21 in reaction, the latest sign of souring sentiment around the once-loved name.

Since hitting an all-time split-adjusted high near $134 on June 30, 2025, the stock has been on a steep downward trajectory. (Note that Netflix performed a ten-for-one stock split in November, moving its share price from well over $1,100 to the $110 range). Overall, shares are down approximately 37% from their mid-2025 peak.

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