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Netflix Announces 10-for-1 Stock Split
Netflix (NASDAQ: NFLX) has announced a 10-for-1 stock split, with a record date of November 10. Shareholders holding shares at the close of trading on this date will receive nine additional shares for every share held after trading closes on November 14.
Key Financial Metrics
Netflix’s stock price has surged over 900% over the past decade, currently trading above $1,100 per share. The company’s revenue is projected to grow by 16% in 2025, reaching $45 billion, with a planned operating margin increase to 29% from 27%.
Growth Prospects
The company has set ambitious goals, including potential ad revenue doubling in 2025. Recent viewership highlights include KPop Demon Hunters accumulating 325 million views, and the Terence Crawford vs. Canelo Álvarez boxing match surpassing 41 million views, making it the most-viewed men’s championship fight of the century.
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