Skip to content
Subscriber Only

Netflix Plunges on Guarded Outlook for New 2012 Signups

Netflix Inc., the world’s largest video-subscription service, fell the most in nine months after raising doubts about whether the company can meet its user-growth targets this year.

Netflix tumbled 25 percent to $60.28 at the close in New York, the biggest one-day drop since Oct. 25, after reporting second-quarter earnings yesterday. The Los Gatos, California-based company’s stock, down 13 percent this year, was the worst peformer in the Standard & Poor’s 500 Index.