Netflix (NFLX) stock has been in a relatively sharp downtrend with negative returns of 41% in the last 52-weeks. Let’s be clear that it’s not a case of a broken business model. Earnings have grown and cash flows remain healthy.
However, there are multiple concerns that have impacted NFLX stock. The foremost being growth deceleration. To put things into perspective, Netflix has guided for revenue growth of 11.7% in Q3 FY26, the slowest in three years.