Netflix (NFLX), measured in bitcoin
One Netflix share costs 84,747 sats today ($70.46). That's 20% fewer sats than a year ago; the dollar price fell 42% too.
Next earnings: Tuesday, October 20 after the close.
What one share costs in bitcoin today ($70.46). One bitcoin is 100 million sats.
Fewer sats per share than a year ago. Above zero means the stock beat simply holding bitcoin.
What each $1 it spent buying back its own stock since 2021 is worth today, versus the same $1 in bitcoin bought at the same times. Bitcoin wins.
$12.6 billion of revenue in the quarter to Jun 30, 2026, at that quarter's average price: ₿175,341 of the 21 million that will ever exist.
Since mid-2022 it kept $3.3 billion of free cash flow after dividends and buybacks.
How it compares: communication
Sorted by the past year in bitcoin. Within the same window every stock is divided by the same bitcoin price, so the order matches dollars; what bitcoin adds is the line at zero: above it, the stock beat holding bitcoin.
| Company | Sats per share | Past year, ₿ | Vs 2019 avg, ₿ | Shareholder return, ₿ |
|---|---|---|---|---|
| Alphabet GOOGL | 425,516 | +101% | −55% | −25%/yr |
| Verizon VZ | 52,357 | +52% | −94% | – |
| Meta META | 917,112 | +48% | −67% | −22%/yr |
| Walt Disney DIS | 130,597 | +37% | −93% | – |
| AT&T T | 27,483 | +24% | −93% | −26%/yr |
| Comcast CMCSA | 25,114 | +4.9% | −96% | +0.4%/yr |
| T-Mobile US TMUS | 184,902 | −5.2% | −84% | – |
| Netflix NFLX | 84,747 | −20% | −84% | – |
Questions
- How many sats is one Netflix share?
- 84,747 sats ($70.46) at the close on October 13, 2026, or 0.00085 bitcoin.
- Has Netflix beaten bitcoin?
- Measured by share price, no: a share costs 84% fewer sats than its 2019 average (in dollars: +114%).
- Did Netflix's buybacks beat bitcoin?
- No. It spent $28.0 billion buying back its own stock since 2021. Each $1 is now worth $1.03 in shares; the same $1 in bitcoin, bought at the same times, would be worth $1.42. (Per dollar: at that size the buying itself would have moved bitcoin's price.)