Netflix’s 10-for-1 Stock Split Takes Effect, Shares Begin Trading at New Price
Management says the split is meant to broaden access for employees alongside retail investors.
Overview
- Trading began on a split-adjusted basis on November 17, with shareholders receiving 10 shares for each one previously held.
- The company emphasized that the split does not change its overall market value or investors’ proportional ownership.
- Third-quarter revenue rose 17.2% year over year, and management projects roughly 17% growth again in the fourth quarter.
- Netflix expects its advertising business to more than double revenue in 2025, though it remains small compared with subscriptions.
- Operating margin reached 27% in 2024 and is expected to hit 29% in 2025, with shares previously above $1,000 and a market cap around $471 billion.