Netflix Inc (NASDAQ:NFLX, ETR:NFC) late Thursday announced that its board of directors has approved a 10-for-1 forward stock split of the company's common shares.
The streaming service said the split will allow its stock price to trade in a range that will be more accessible to employees who participate in the company's stock option program.
Each shareholder of record as of the close of trading on November 10, 2025, will receive, after the close of trading on November 14, 2025, nine additional shares for every share held on the record date.
Trading is expected to begin on a split-adjusted basis at market open on November 17, 2025.
Netflix is currently one of 10 stocks in the S&P 500 with a price above $1,000.
Its shares have climbed 23% year to date to its current price of $1,089.
In addition, Reuters reported on Thursday that Netflix is actively considering a bid for Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A)’s studio and streaming business and has hired a financial advisor to explore an offer.
Last week, Warner Bros announced that it would weigh its options after receiving three unsolicited offers from Paramount Skydance Corp to acquire the company.
The company is also considering separating its film and television studios, HBO, and its HBO streaming service from its television business.