Netflix (NASDAQ: NFLX) saw its stock decline by as much as 7% in pre-market trading and approximately 4% on Wednesday, reaching a 52-week low of around $83.40 per share, following a disappointing fourth-quarter earnings report. Despite the decline, Netflix’s Q4 results were strong, with revenue hitting $12.05 billion—an 18% year-over-year increase that surpassed estimates of $11.97 billion. Net income also rose 29% year over year to $2.4 billion, or $0.56 per share, exceeding expectations of $0.55 per share.
