DiscoverEntertainment & Celebrity News Today | 2 Min News | The Daily News Now!Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’ to Employees Participating in Stock Options Program
Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’ to Employees Participating in Stock Options Program

Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’ to Employees Participating in Stock Options Program

Update: 2025-10-31
Share

Description

Netflix announces a ten-for-one stock split, making shares more affordable and accessible. The move, set to take effect in November 2023, will give current shareholders nine extra shares for each one held. The stock price will drop to a fraction of its current value, potentially attracting new investors. The company is also amending its certificate of incorporation. Despite missing earnings per share targets due to a tax dispute, Netflix's third-quarter revenue surged, and the stock price rose after the split announcement.

The Daily News Now! — Every city. Every story. AI-powered.


Hosted on Acast. See acast.com/privacy for more information.

Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’ to Employees Participating in Stock Options Program

Netflix Approves 10-for-1 Stock Split to Make Shares ‘More Accessible’ to Employees Participating in Stock Options Program