If You Invested $1,000 In Netflix Stock At Its IPO, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) has seen significant growth since its IPO in 2002, with a $1,000 investment then being worth $377,908.86 today. The company's Q3 report showed revenue and earnings per share surpassing analyst predictions, driving the share price upwards. Netflix ended Q3 with 247.15 million paid global subscribers, adding 8.8 million in the quarter. The company remains a market leader in the streaming sector and continues to gain subscribers.
October 20, 2023 | 8:29 pm
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POSITIVE IMPACT
Netflix's Q3 report surpassed analyst predictions, driving its share price up. The company continues to gain subscribers and remains a market leader in the streaming sector.
Netflix's strong Q3 report and continued subscriber growth indicate a positive outlook for the company. The company's historical performance and market leadership in the streaming sector also contribute to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Amazon.com Inc (NASDAQ:AMZN) had offered to acquire Netflix in 1998, but the deal was turned down. There is no direct impact on Amazon's stock from this news.
The mention of Amazon's failed attempt to acquire Netflix in 1998 is historical and does not have a direct impact on Amazon's current stock price.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 20