Overview
- Shares begin split-adjusted trading on November 17 after a 10-for-1 split that management says is intended to widen access to the stock and its options.
- Revenue grew 17.2% year over year in Q3, and guidance points to roughly 16.7% growth in Q4.
- The ad-supported tier has rapidly scaled to about 190 million monthly active viewers, with management indicating ad revenue is on track to more than double this year.
- Coverage highlights a heavy late-year content slate, including the final season of Stranger Things starting later this month.
- Historical analysis finds stocks often lag the S&P 500 in the first two weeks after splitting, with high-priced splitters averaging about a 1.2% decline over that span.