Netflix shares on record: Is the next big growth coming?

Netflix shares on record: Is the next big growth coming?

On January 6, 2025, Netflix shares increased 1.0 percent to reach $889.51. The high of the day so far was $892.48, while the stock initially traded at $889.12. A total of 126,237 Netflix shares changed hands by 3:52 p.m.

Over the last 52 weeks, the stock reached its high of $941.61 on December 12, 2024 and its low of $471.86 on January 6, 2024. This means there is currently an air gap of 46.95 percent to the 52-week low. Analysts expect a dividend of $0.000 per share in 2024, which was also the case last year. The average analyst price target is $795.71. Third-quarter 2024 earnings per share were $5.52, compared to $3.80 a year ago. Revenue for the same quarter was $9.78 billion, up 14.46 percent year-over-year. The balance sheet for the fourth quarter of 2024 will be published on January 21, 2025.

Company profile and market development

Netflix, Inc., a leading provider of streaming, is one of the most important providers of TV series and films worldwide. The company offers an Internet subscription service for unlimited streaming and has expanded its offerings beyond the United States to Canada, Latin America and Europe since 2010. In the USA, DVD and Blu-ray rentals are also offered by mail. The content can be accessed via various devices such as televisions, computers and mobile devices.

The most recently listed Netflix share was at EUR 846.15 and recorded a price change of -0.97% compared to the previous day. Over the last month, the price performance was -1.75%, while the stock has seen an increase of 97.04% over a year. The current price is 49.18% above the 52-week low and 6.12% below the 52-week high.

Founded in 1997, Netflix has grown from a DVD rental service to a dominant player in the global streaming market. The company is active in over 190 countries and continually invests in innovative technologies and original content to improve the user experience. Given the intense competition, the company's future will depend on maintaining leadership in the streaming market and expanding its international presence, such as boersennews.de reported.

Additionally reported finance.net That Netflix, as a non-dividend paying company, reinvests profits into growth and content. The current outlook also includes challenges resulting from the need to continually invest in quality content and adapt to changing market conditions.