Over the longer term, the stock has put in an impressive performance, achieving trailing returns of 34% over the past 10 years, according to Morningstar – more than four times the industry average of 10%. Over the past five years, the NFLX stock price has risen by 49% to $298.62 as of 27 October 2022. As of September 2022, Netflix’s market capitalisation amounted to more than $100bn, making it the third largest entertainment company behind Walt Disney ( DIS) and Comcast ( CMCSA). Netflix has developed streaming services, made its own original programmes and expanded around the world. Just four years later its membership hit five million. In 2002, the company went public in an initial public offering ( IPO) on the Nasdaq stock exchange at a selling price of $1 a share under the ticker NFLX. A subscription service began the following year, offering benefits to members. , the first DVD rental and sales site, launched in 1998. Netflix was created in 1997 when Reed Hastings and Marc Randolph had the idea of renting DVDs by mail.
Netflix stock price history 2011 tv#
Members can access TV series, documentaries, feature films and mobile games at any time, on any internet-connected device. Netflix, which is based in Los Gatos, California, is a leading name in streaming-on-demand services, with more than 200 million subscribers in 190 different countries. Here we take a look at the company’s fundamentals, share price performance, analysts’ expectations and other factors shaping Netflix stock forecast. But the company’s management believes its growth plans, which include a shake-up of its pricing structure, can result in growing revenue and subscriber numbers.
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