Netflix stock price
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#Netflix stock price series#
If you ask the average viewer what they watched during lockdown, it’s extremely likely they’ll say something along the lines of “Oh, I watched everything I could on Netflix.” With the release of the documentary series of Tiger King, and the controversies surrounding shows like Selling Sunset and Emily in Paris, there was virtually no way to avoid seeing something relating to Netflix over the course of lockdown 1.0. Has Paying For Netflix Actually Been Worth It? For those who had not previously subscribed, a premium price of $20 per month for the highest video quality Netflix had to offer didn’t seem like the worst idea. With thousands of people forced into lockdown, there was little to do to entertain oneself but watch things online. The COVID-19 pandemic did prove to be profitable for the company. By the end of the third quarter, Netflix’s 213.6 million new global subscribers – a 9.4% increase from the same time a year ago – had elevated the platform to new heights. Though this is an impressive rise, there is always room to grow. Since the company’s low in May 2021, investors have been pleased as faster growth led to a 34% rise over the second half of the year. Having been unable to judge results due to uncertainty surrounding the COVID-19 pandemic accurately, Neumann was pleased to see that Netflix is on track to add 18 million more subscribers. The company finished that financial quarter with approximately 213.6 million new subscribers.Īccording to Chief Financial Office Spencer Neumann, the company saw an acceleration in growth over this past quarter. It is estimated that 142 million viewers watched the show, making it the most-streamed series on Netflix to date. The recent hype around the South Korean series Squid Game has contributed to the rise in stock prices. Much of Netflix’s recent influx of new subscribers have to do with the money the company funnels into original content, producing multiple award-winning television series and movies each year. With the exception of Amazon Prime Video (which is available in 200 countries), most paid streaming sites are restricted to the United States – such as HBO Max or NBC’s Peacock. Available in 190 countries, Netflix has a significant reach around the world. Simply put, it’s more accessible than many other streaming platforms. This stock has delivered exceptional returns for shareholders over the past decade, with the consistent growth in revenue correlating to the rise in subscribers. On Monday, December 6, it was reported that Netflix stocks had risen 1.75%, outperforming the market in a single day. With its easy-to-use interface and rotating digital Rolodex of films, television, and documentary features, there is no denying that the financial world will permanently have its eyes on the streaming giant. It is the most profitable streaming service across the globe. It’s become nearly impossible to avoid the question “ Seen anything good on Netflix lately?” or avoid the name altogether.įor both seasoned investors and the ordinary person choosing to buy a percentage of stock, Netflix is on everybody’s radar for a reason.
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What began as a small, local DVD-rental company has grown into a multibillion-dollar company people can casually access from the comfort of their own homes. The word “ Netflix” has become synonymous with entertainment.