NFLX is trading at $83.09 (-4.78%) as investors react negatively to cautious 2026 guidance and slowing subscriber growth projections, despite Q4 earnings beating expectations.

  • Subscriber growth is projected to slow significantly to 23 million in 2025.
  • Management issued cautious 2026 guidance forecasting 12-14% revenue growth.
  • Uncertainty remains regarding the competitive and regulatory hurdles facing Netflix's massive $72B Warner Bros. Discovery bid.