Netflix is actively exploring a bid for Warner Bros Discovery's studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.
Netflix plans a 10-for-1 stock split, citing the need to make its share price more accessible to employees
Netflix announced a 10-for-1 stock split, a move that changes nothing fundamentally about the company, but could make the pricey individual shares more accessible to the retail investor.
Netflix stock (NASDAQ:NFLX) has shown remarkable performance, increasing by 45% in the last 12 months and currently trades at approximately $1,100 for each share. This surge has been fueled by the company's efforts to tackle password sharing and the introduction of its advertising-supported streaming option, although the stock has experienced a minor sell-off in recent times.
Netflix reported a solid Q3 with strong revenue growth and content engagement, despite a one-off Brazilian tax expense impacting margins. The recent stock decline is attributed more to Warner Bros. Discovery acquisition rumors than to the tax issue, which is not company-specific. Pro forma modeling shows acquiring WBD's Studios & Streaming division could boost NFLX EPS by 21% by FY29, offering significant upside potential.
Artificial intelligence is widening the productivity gap between the large and small companies, furthering the 'K-shaped economy' phenomenon.
NFLX drops 12% post-Q3 on Brazilian tax miss. Ad revenues are doubling, and live streaming is expanding.
Netflix's profits took a temporary hit and its growth potential is still strong in spite of a minuscule deceleration in the coming quarter. The stock trades at a lofty valuation even with the pullback.
Netflix is the world's largest streaming service, and its 300 million-plus members put it miles ahead of the competition. The company just delivered its fastest quarterly revenue growth in four years, but it missed expectations at the bottom line, which triggered a sell-off in its stock.
Netflix (NASDAQ: NFLX) shares have entered dangerous technical territory, flashing multiple bearish signals that suggest momentum could unravel further.
Netflix has shut down the studio behind its mobile game "Squid Game: Unleashed", amid a shift in strategy for its video gaming unit.