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After 10-for-1 Split, Netflix Faces a Buy-or-Wait Debate

Strong growth collides with a lofty price tag.

Overview

  • Shares are up 17% year to date through Nov. 22 yet sit about 22% below their early July peak.
  • The stock trades at roughly 46 times earnings, leading some analysts to advise patience despite momentum.
  • Revenue grew 15% year over year in the first nine months of 2025, and management expects operating income to rise 26% this year.
  • Third-quarter sales increased 17% to $11.51 billion as Netflix reached its highest quarterly market share in the U.S. and U.K.
  • The Nov. 17 ten-for-one split increased accessibility without changing fundamentals, while 2025 content spend is slated at $18 billion with a strong international focus.