how much has netflix lost

Netflix recently lost about $15 billion in market value following Elon Musk's public campaign urging consumers to cancel their subscriptions. This loss occurred over roughly a day and a half as Netflix's share price dropped around 4.3%, reducing its market capitalization from approximately $498 billion to $482.9 billion. The backlash was driven by controversy over Netflix's content, particularly accusations of promoting "woke" and transgender-related themes in children's programming, which sparked subscription cancellations amplified by Musk's calls for a boycott. Despite this, Netflix's upcoming Q3 2025 earnings and overall business outlook still indicate growth in revenue and earnings per share, though the immediate financial market reaction was negative due to the controversy.