The honest | News from Getty Images | Getty Images
From removing password sharing to launching new gaming options, Netflix has been making a lot of notable moves lately.
In late May, Netflix began warning subscribers that they would only be able to share their accounts with people who live with them.
With this new policy, subscribers who want to share their account with someone outside their household have two options: pay an additional $7.99 per month for each additional person using their account, or transfer the account so that person can to sign up for your own membership.
Many users seem to have chosen the latter. Since the new policy was introduced in May, average daily registrations have increased by 102%, according to Antenna. And the streaming giant says it added 8.76 million global subscribers in the third fiscal quarter of 2023.
And some of these new subscribers may soon be able to stream games to their Netflix accounts.
In a press release updated on October 16, Netflix announced that a small number of US users will be able to try out the new game streaming technology with two games: Oxenfree, an adventure game, and Molehew’s Mining Adventure, an arcade-style gem mining game.
On October 18, Netflix reported its fiscal third quarter earnings after the closing bell. Shares are up about 17% year to date.
For the quarter ending in September 2023, Netflix reported revenue of $8.54 billion, which was in line with analysts’ expectations, according to LSEG. The company also reported earnings per share of $3.73, which surpassed analysts expected $3.49.
If you had invested $1,000 in Netflix one, five or 10 years ago, here’s what your money would be worth now. CNBC’s calculations are based on Netflix’s stock price at the close on October 17 $355.72 and do not take into account the price movement that has occurred since the company’s last quarterly earnings report.
If you had invested $1,000 in Netflix a year ago, your investment would have grown about 45% to be worth about $1,451 as of Oct. 17, according to CNBC calculations.
If you had put $1,000 into Netflix five years ago, your investment would have declined slightly in value by 2.5% to $975 as of Oct. 17, according to CNBC calculations.
And if you had invested $1,000 in Netflix a decade ago, it would have increased more than 654% to $7,543 as of Oct. 17, according to CNBC calculations.
Although a company’s stock may be performing well right now, past performance does not guarantee future performance. The stock market is unpredictable and stock prices can be subject to wild price swings.
Also, manually picking individual stocks is not the best investment strategy for most people. Most financial experts recommend a more passive strategy, such as buying an index exchange-traded fund or mutual fund.
These types of low-cost funds aim to mirror a market index such as the S&P 500, which tracks the performance of the stocks of about 500 large US companies. Investing your money this way helps easily diversify your portfolio by spreading your dollars across a wide range of companies, such as Netflix, Apple and Amazon.
As of Oct. 17, the S&P 500 is up about 16% over the past 12 months. It’s up nearly 56% since 2018 and jumped 152% since 2013.
DON’T MISS: Want to be smarter and more successful with your money, work and life? Sign up for our new newsletter!
As technology changes business expectations, some leaders are embracing the change and transforming their organizations for the future. Join the CNBC Evolve Global Summit on November 2 to hear strategies for adapting, innovating and succeeding in this new era of business. Buy a ticket here.
CHECK OUT: You Can Get $2,500 To Watch Netflix’s Most Popular Shows: Here’s How To Apply