by Amruth Sundarkumar | Mar 30, 2023 | Credit Ratings, Investment Grade Bonds
Netflix was upgraded to Baa3 from Ba1 by Moody’s into investment grade territory on expectations that it will stay as the leading direct-to-consumer subscription-video-on-demand (SVOD) single Tier-1 platform in the world. This is despite an increasingly...
by Amruth Sundarkumar | Apr 20, 2022 | Corporates
Netflix reported a 200,000 drop off in paid users during its Q1 2022 results, its first decline in a decade, since October 2011. This comes after Netflix previously told shareholders that it expected to add 2.5mn net subscribers during the first quarter. It now...
by Amruth Sundarkumar | Oct 26, 2021 | Corporates, Credit Ratings, Investment Grade Bonds
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...
by Amruth Sundarkumar | Oct 20, 2021 | Corporates
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...
by Amruth Sundarkumar | Jul 21, 2021 | High Yield Bonds
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...
