Overview
- Netflix confirmed a 10-for-1 forward stock split effective November 17, intended to make shares more accessible for employees participating in its stock option program.
- Third-quarter revenue rose about 14.8% year over year, with earlier EPS pressure tied to a one-time Brazil tax assessment that weighed on margins.
- BMO Capital reaffirmed an Outperform rating and projected that Netflix’s advertising revenue will more than double in 2025, citing strong U.S. commitments.
- Lightshed’s Rich Greenfield said there is no collapse at Netflix, describing the company as an execution story with an ads business that remains in its early stages of growth.
- Reports suggest Netflix has explored a potential bid for Warner Bros. Discovery, which has not been confirmed by the company.