The stock of streaming giant Netflix (NFLX) is undergoing a 10-for-1 split today (Nov. 17).
The entertainment company announced the split in late October. Each shareholder of record as of Nov. 10 will receive nine additional shares for each one they already own.
Stock splits don’t change the value of a company. However, they do reduce a stock’s price and make it more affordable for investors to purchase shares, particularly individual retail investors.
Apple (AAPL), Nvidia (NVDA) and Tesla (TSLA) are other well-known companies that have undertaken stock splits in recent years.
The split arrives as Netflix’s stock has declined 11% over the last three months, dragged lower by disappointing third-quarter financial results.
Still, Wall Street is forecasting that Netflix’s earnings will grow 25% to $16.6 billion U.S. in 2026, up from $13.3 billion U.S. expected this year.
The stock currently trades at about 47 times future earnings estimates, making it richly valued.
But Netflix remains resilient and continues to dominate the streaming landscape with strong subscriber growth.
Many analysts also like that Netflix’s business model appears to make the company largely immune from tariff impacts and a slowing U.S. economy.
NFLX stock looks poised to begin trading on Nov. 17 at $111.22 U.S. per share on a split-adjusted basis.
