I've been writing about Netflix as an investor since it went public in 2002. I like what I see here.
I've been writing about Netflix as an investor since it went public in 2002.
I like what I see here.
I'm not one to typically celebrate investing anniversaries, but this month marks 24 years since I became a Netflix (NFLX -2.87%) shareholder. It's been largely ups along the way, but lately there's been a hard road down.
Shares of the company behind the world's leading premium streaming video service have plummeted more than 40% over the past year. I got in early, a few months after Netflix began trading and it was a broken IPO. Today's pullback isn't the same ground-floor opportunity, but is the stock a smart buy now or still overvalued? Let's take a closer look.
If you bought Netflix the day that article came out, you would have a 1,400-bagger on your hands today. I would unfortunately sell nearly all of my own shares along the way. The 1% of the original stake I still own is my largest personal holding. Imagine where I would be with the other 99%.
Netflix has still come a long way in the 24 years that I've been following the company since its 2002 springtime IPO. Netflix was losing money the year it went public, generating $153 million in revenue. Trailing revenue is now more than $48 billion at a record net margin.
$70.53-$2.08 (-2.87%)
NASDAQ · As of 4:00 PM ET 10/16/26
Making sense of today's opportunity
The valuation math may change by the time that Netflix reports third-quarter results after the market close on Wednesday. Right now, it's easy to make a compelling bullish case for the out-of-favor growth stock.
Averytin News Financial update.