Overview
- Shareholders of record on Nov. 10 will receive nine additional shares per share after the close on Nov. 14, with split-adjusted trading beginning Nov. 17.
- The split increases the share count tenfold and reduces the per‑share price to roughly one‑tenth without changing market capitalization or investor ownership stakes.
- Netflix said the split is intended to reset its share price to a range more accessible to employees who use the company’s stock option program.
- Shares rose more than 2% in after-hours trading following the announcement, with the pre-split stock recently trading above $1,000.
- Recent results showed Q3 revenue up about 17% year over year, diluted EPS of $5.87 missing estimates due largely to a $619 million one-time Brazil tax expense that cut operating margin to 28%, and guidance maintained for strong revenue growth with a modest full‑year margin adjustment to roughly 29%.