Netflix Announces 10-for-1 Stock Split Amid Accelerating Revenue Growth
Netflix shares will begin trading on a split-adjusted basis November 17, 2025, following approval of a 10-for-1 stock split. The MOVE reduces nominal share prices from over $1,000 to more accessible levels while maintaining the company's $471.3 billion market capitalization.
Third-quarter revenue growth accelerated to 17.2% year-over-year, building on 15.9% expansion in Q2. Advertising revenue is tracking to more than double in 2025, though remaining a small fraction of subscription income. Operating margins continue climbing—from 16% in 2023 to 27% in 2024, with 29% projected for 2025.
The streaming pioneer last split its stock in 2015, when shares traded below $100. Extreme volatility has characterized recent years, including a 2022 trough below $200 per share. Management emphasizes the split primarily benefits employee stock compensation programs rather than altering fundamental valuation.
