The streaming behemoth Netflix stock (NASDAQ: NFLX) has sanctioned a 10-for-1 stock split—the second division in ten years—intended to make shares more attainable for retail investors and employees involved in its stock option program. The company has designated November 10 as the record date, with trading adjusted for the split commencing on November 17.
Netflix remains a buy as fundamentals are robust, with accelerating revenue growth and strong customer engagement despite a recent post-earnings selloff. Q3 margin and EPS weakness were due to a one-time Brazilian tax dispute; underlying profitability and cash flow generation remain strong for NFLX. Potential deals with Warner Bros Discovery and iHeartMedia could further boost NFLX's long-term growth and competitive positioning.
iHeartMedia Inc (NASDAQ: IHRT) shares climbed 25% on Tuesday after Bloomberg reported that Netflix Inc (NASDAQ:NFLX, ETR:NFC) is in discussions to license video podcasts from the media company. Bloomberg, citing people familiar with the matter, said Netflix is seeking exclusive rights to video versions of iHeartMedia's popular podcasts, which would prevent full episodes from being uploaded to YouTube.
Netflix's "KPop Demon Hunters" has delivered a boost to K-pop music and the "Big Four" stocks in the space: HYBE, JYP Entertainment, SM Entertainment and YG Entertainment. Analysts say the popularity could spread to all of K-culture, including cosmetics and food products.
Shares of iHeartMedia hit their highest in more than two years on Tuesday after Bloomberg News reported that Netflix was in talks to license video podcasts distributed by the radio and podcasting firm.
Shares of Netflix (NASDAQ:NFLX) and ServiceNow (NYSE:NOW) were making big waves last week as it was announced that shares of both companies will, at long last, be splitting.
Netflix has made licensing deals with major toy companies related to a surprising hit movie. A thorough look at its merchandising history, however, suggests this isn't anything new.
As of yesterday's market close, Netflix is the only Big Tech company whose stock is trading at four figures, but that will soon change.
Netflix said it plans to undergo a 10-for-1 stock split, in a move that could make its stock more accessible to a wider range of investors.
Instead of just making movies on its own, Netflix Inc. (NASDAQ: NFLX) may buy Warner Bros.
The deal would feel the streaming giant's flywheel model, giving it even more content to attract subscribers.
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 a report.