According to the latest report, the market value of streaming media giant Netflix exceeded US$300 billion for the first time, reaching US$305.7 billion.
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Moreover, Netflix is currently ranked 20th among the constituent stocks of the S&P 500. Although the company’s stock price fell for a while after the quarterly report was released on October 19, it rose in five of the seven trading days since then.
Furthermore, Netflix’s stock price has risen by 15%, while the Standard & Poor’s 500 indexes have risen by 4%. The financial report shows that in the third quarter, Netflix achieved revenue of 7.483 billion U.S. dollars, an increase of 16.3% year-on-year; net profit was 1.449 billion U.S. dollars, an increase of 83.4% year-on-year.