Netflix Announces 10-for-1 Stock Split Amid 42% YTD Surge
Netflix shares rallied 2% in extended trading after the streaming giant unveiled plans for a 10-for-1 stock split, effective November 17. Shareholders of record on November 10 will receive nine additional shares for each held, with the adjusted price beginning to trade on November 14.
The split reduces Netflix's per-share price from $1,089 to approximately $109, aligning with the company's goal to make equity participation more accessible to employees and retail investors. Notably, the MOVE doesn't alter fundamental valuation—market capitalization remains unchanged despite the increased share count.
This marks Netflix's first split since 2015, following a year where its stock outperformed the broader market with a 42% gain. The company joins an elite group of S&P 500 constituents trading above $1,000 per share, a threshold that often prompts such corporate actions.
