Netflix (NFLX) on Thursday announced a ten-for-one forward stock split of the company’s common stock.
Shares of the streaming giant were up over 2% in extended trading on Thursday.
“The purpose of the stock split is to reset the market price of the company’s common stock to a range that will be more accessible to employees who participate in the Company’s stock option program,” Netflix said.
The company added that each shareholder of record as of the close of trading on November 10, will receive, after the close of trading on Friday, November 14, nine additional shares for every share held on the record date.
The trading is expected to begin on a split-adjusted basis at market open on November 17, 2025.
Last week, the company’s shares slipped after it posted revenue growth as expected but lower operating income and margins, an outcome that Netflix pinned on an unexpectedly ongoing dispute over Brazil taxes.
Overall, the stock gained over 20% so far this year, outperforming the 17% rise in the broader S&P 500 Index.