Netflix is on track to achieve its most significant weekly stock gain since January, following the record-breaking success of the Mike Tyson-Jake Paul boxing match streamed on its platform. The event drew in 108 million viewers, marking it as the most-streamed sporting event ever, despite some technical issues with buffering. This success is part of Netflix's broader strategy to expand its live content offerings, which will soon include NFL games and WWE wrestling events.

The company's stock, trading under the symbol NFLX, has been on an upward trajectory, bolstered by strong earnings growth and new ventures. Analysts predict that Netflix may soon announce a stock split, potentially becoming the first company to do so during Donald Trump's presidency. This speculation is fueled by Netflix's robust market position and its history of stock splits, which occurred in 2004 and 2015.

Netflix's dominance in the streaming industry is underscored by its 283 million paid subscribers, far outpacing its closest competitor, Disney, which has 174 million subscribers across Disney+ and Hulu. The company's expansion into live sports and gaming, along with a burgeoning advertising business, positions it for continued growth. Advertising, in particular, is expected to become a significant revenue stream, with ad-supported accounts representing a growing portion of new memberships.

In a strategic move, WWE has announced that it will transition its programming to Netflix starting January 2025, making Netflix the exclusive home for WWE's major shows and events in select countries. This partnership will further consolidate Netflix's position as a leading streaming platform, offering a wide array of content from live sports to original programming.