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Netflix Announces 10-for-1 Stock Split Effective November 17
Netflix (NASDAQ: NFLX) will implement a 10-for-1 stock split, allowing shares to start trading on a split-adjusted basis on November 17. This decision aims to enhance accessibility for employees participating in the stock option program, as shares have surged above $1,000 since the last split in 2015.
Financial Performance Highlights
In Q3 2023, Netflix reported a 17.2% year-over-year revenue increase, aided by price hikes, membership growth, and a rapidly growing advertising revenue stream. The operating margin rose to 27%, up from 16% in 2023, with expectations to expand to 29% in 2025. As of now, Netflix has a price-to-earnings ratio exceeding 47, with a forward P/E ratio of 35 as the company anticipates continued growth.
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