![]() Netflix has indeed done well to see this huge increase in the subscribers which is a reason why the stock price has jumped tremendously well in this time frame. ![]() However, they have now recovered quite well over the last 1 year with the total number of paid subscribers at 238.4 million in June 2023. As a result, the stock had tanked almost 50% in 1 month alone at the time. ![]() This was a big drop from Netflix perspective since it had never happened in last 10 years time frame (except for June 2021 quarter). While the company saw a decline in the number of subscribers in the first half of 2022 for the first time in 10 years (except for the quarter of June 2021), it has done well to recover very sharply since then.įrom December 2021 to June 2022, the number of paid subscribers reduced from 221.8 mn to 220.7 mn. The question is what has triggered this massive jump in share price? For a subscription business like Netflix, the share price is very highly correlated to the number of subscribers of the company. If you look at the chart below, it captures well the phenomenal rise in the share price of the company. This is an increase of 85.26% over a 1 year time frame which is a phenomenal return for any company. Around a year back, the stock was trading at USD 224.57 on August 29, 2022. Netflix stock ( NASDAQ : NFLX) has seen a huge upside in the last 1 year with a share price of USD 416.03 as on closing of August 25, 2023.
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