Netflix delivers solid 4th quarter, but stock sinks amid worries about slowing subscriber growth
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.
