Netflix Stock Slides Amid Analyst Forecast of Slowing Sub Growth, Broader Market Turmoil Over Tariffs
variety.comTodd Spangler NY Digital Editor Shares of Netflix fell 8.5% Thursday, as investors reacted to analyst projections for slowing subscriber growth after record gains last year on its password-sharing crackdown.
The stock’s decline also came as the wider market declined on President Trump’s shifting decisions on tariffs against Canada and Mexico.
Other media and tech stocks seeing declines Thursday included Spotify (-7.4%), Warner Bros. Discovery (-6.4%), Roku (-6.4%), Disney (-3.6%), Meta (-4.35%) and Amazon (-3.7%).
Gainers included Paramount Global (+2.2%) as well as Comcast (+2%) and Sony (+0.3%). In a note published Thursday morning, a team of analysts at MoffettNathason led by Robert Fishman pointed out that Netflix had its strongest period of subscriber growth in the second half of 2024 since the pandemic, adding 24 million subscribers over that time.
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