Netflix Stock Slides -15% With A 6-Day Losing Spree
Netflix (NFLX) stock hit day 6 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -15% return. The company has lost about $913 Bil in value over the last 6 days, with its current market capitalization at about $5.1 Tril. The stock remains 4.0% above its value at the end of 2024. This compares with year-to-date returns of 17.1% for the S&P 500.
Netflix’s recent streak saw investors grappling with its audacious $72 billion Warner Bros. acquisition, raising concerns over hefty debt, fierce regulatory hurdles, and a potential bidding war with Paramount. This costly strategic shift, aimed at bolstering content and engagement, fueled market unease.
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact. Our take: There is not much to fear in NFLX stock given its overall Strong operating performance and financial condition. But given its Very High valuation, the stock appears Relatively Expensive (see Buy or Sell NFLX).
For quick background, NFLX provides TV series, documentaries, films, and mobile games in multiple genres and languages to over 222 million paid members across 190 countries.
Comparing NFLX Stock Returns With The S&P 500
The following table summarizes the return for NFLX stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | NFLX | S&P 500 |
|---|---|---|
| 1D | -4.1% | 0.7% |
| 6D (Current Streak) | -15.2% | 0.8% |
| 1M (21D) | -17.2% | 0.8% |
| 3M (63D) | -23.0% | 4.5% |
| YTD 2025 | 4.0% | 17.1% |
| 2024 | 83.1% | 23.3% |
| 2023 | 65.1% | 24.2% |
| 2022 | -51.1% | -19.4% |
Take a look at what history tells you about whether past dips like this have been buying opportunities or traps: NFLX Dip Buyer Analysis.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 61 S&P constituents with 3 days or more of consecutive gains and 45 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 18 | 22 |
| 4D | 13 | 10 |
| 5D | 2 | 2 |
| 6D | 12 | 4 |
| 7D or more | 16 | 7 |
| Total >=3 D | 61 | 45 |
Key Financials for Netflix (NFLX)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $33.7 Bil | $39.0 Bil |
| Operating Income | $7.0 Bil | $10.4 Bil |
| Net Income | $5.4 Bil | $8.7 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $11.1 Bil | $11.5 Bil |
| Operating Income | $3.8 Bil | $3.2 Bil |
| Net Income | $3.1 Bil | $2.5 Bil |
The losing streak NFLX stock is currently on doesn’t inspire much confidence among investors. In contrast, Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.