Why Netflix Stock Jumped to a 2-Year High Today
Shares of subscription-streaming service Netflix (NFLX 12.64%) jumped to two-year highs on Wednesday after the company reported its completed financial results for 2023. The company ended the year with a big surge in growth and higher-than-expected profits. And this is why Netflix stock was up 12% as of 11:20 a.m. ET.Netflix's huge bounce-back yearIn late 2022, Netflix introduced a subscription tier supported by advertising. And in mid-2023, the company cracked down on users sharing passwords. Both moves se ...