#Netflix stock series#

It now hopes to defend its position against rivals like Disney+ and Paramount+ by producing more original content. It reached a record high of over $700 on 17 November 2021, and the share price currently sits at $663.84 (30 November).ĭuring the pandemic, Netflix dominated the US streaming market, taking a 34% share of total video streaming according to the data from Nielsen. Netflix stock value climbed over the course of the pandemic, but with fluctuations along the way.

#Netflix stock series#

Many of Netflix’s 2020 releases like Tiger King, Bridgerton and The Queen’s Gambit became part of the cultural zeitgeist, and Netflix series accounted for “nine out of the ten most searched shows globally in 2020”. The pandemic meant more time at home and an almost insatiable demand for streaming. The share price grew steadily between 20, climbing from around $130 to approximately $340 in March 2020. Global membership passed 100 million in 2017, and quickly doubled to 200 million by 2021. It first introduced streaming services in 2007, and in 2015, produced its first original feature film. Netflix made its stock market debut in 2002, trading under the NASDAQ ticker NFLX at $15 per share. The past twenty years have seen Netflix undergo incredible growth and change – what could the next five bring? Now a streaming giant, Netflix has generated revenues of over $24bn so far this year – but less than 1% of that came from DVD rentals. In 1997 Netflix (NASDAQ: NFLX) was born: originally offering customers the chance to rent DVDs by post, it launched the world’s first DVD rental and sales site the following year. Red more: Apple (AAPL) stock forecast for 2025 driven by new car.Long-term algorithmic predictions for Netflix.An earlier version misstated the results.US30 US Wall Street 30 (USA 30, Dow Jones) 'We're now really getting to learn from all of those games,' COO Greg Peters said.Ĭorrection: Netflix beat on profit and was in line with expectations on revenue. The new games may help it gain insight into which characters are most popular, which could eventually help shape its content. Netflix also updated investors on its push into gaming. The company has been releasing games based on its popular titles to its subscribers. Price increases can help offset waning customer growth. Netflix's strategy is to increase prices as customers become even more entrenched in the company's exclusive content. The standard plan jumped from $13.99 to $15.49 and the premium plan rose from $17.99 to $19.99. In the United States, the monthly cost for the basic plan rose $1 to $9.99. Netflix announced price increases in the U.S. 'It's a dynamic market for sure, it may not be as steady as people think about it in terms of we're gonna add X number every quarter, every month, every week, but there's no question that's the direction the business is going in,' co-CEO Ted Sarandos added. The company reported 222 million paid memberships in the fourth quarter.

'It's definitely frustrating for us, the current slower growth,' co-CEO Reed Hastings said during a pre-taped earnings interview.

Netflix, wanting to attract the 800 million to 900 million households that use either broadband internet or pay-TV, said it's still early days when it comes to reaching that number. Disney and Roku shares also dipped more than 4% in after-hours trading.