192.48 +0.01 (0.01%)
After hours: 7:59PM EDT
|Bid||192.31 x 300|
|Ask||192.48 x 200|
|Day's Range||191.03 - 194.90|
|52 Week Range||110.68 - 204.38|
|PE Ratio (TTM)||234.15|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Netflix today said it was raising a very large lump of debt for the typical laundry list of uses that you'll find in a filing with the SEC — though, the timing comes as its content costs may hit as much as $8 billion next year. The announcement comes off a strong earnings report last week, where Netflix once again beat expectations for its subscriber growth. The company also said it expects to spend between $7 billion and $8 billion on original content in 2018, up from around $6 billion on original content this year.
Netflix borrowed $1.6bn on Monday to fund its investment in original movies and television shows as bankers wrapped up the company's biggest bond sale. The deal, following stronger than expected subscriber ...
Several brokers initiated coverage of streaming video platform Roku, with analysts split between neutral and buy ratings.
Netflix Inc. is planning to issue another $1.6 billion of high-yield bonds, as it moves to raise the funds to finance its ambitious spending plans.
Netflix continues to go deeper into debt to fund its content goals, as the streamer plans to release 80 films in 2018 and its content budget balloons to as much as $8 billion.
Netflix added 5.3 million subscribers in the third quarter, boosting global subscriptions year-over-year by 49 percent. The figure represents 850,000 new streaming subscriptions in the United States and 4.45 million more internationally. “We continued to benefit from strong appetite for our original series and films, as well as the adoption of internet entertainment across the world,” the company said in a shareholder letter .