Netflix Upgraded by S&P to BBB
Netflix received a two-notch upgrade to BBB from BB+ by S&P with a stable outlook. The S&P upgrade makes Netflix a rising star, a title given to companies whose ratings have been upgraded to investment grade rating from junk. S&P cited Netflix’s...
Netflix Reports Solid Earnings with Strong Subscriber Growth
Netflix reported solid Q3 results with net profits of $1.45bn, up ~2x vs. $790mn in 3Q2020. Revenues stood at $7.5bn, up 16% YoY and it projects another 16% YoY growth for the next quarter. The quarter’s subscriber growth was at 4.4mn, a strong beat over analysts...
Netflix Reports Mixed Numbers; Subscriber Growth Dips
Netflix reported an increase of 19% in its revenues YoY to $7.3bn and an increase of 36% in its operating income YoY to $1.8bn. The company reported net income of $1.35bn in Q2 vs $720mn in 2Q2020 and $1.7bn in 1Q2021. The company ended the quarter with 209mn paid...
