Netflix (NFLX) Will Most Likely Use New Debt to Fund 'Originals' Costs
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S&P Revises BB- Rating on Netflix (NFLX) to Negative; Cites Higher Debt Leverage
January 29, 2013 2:17 PM ESTS&P revises its BB- rating outlook on Netflix, Inc. (NASDAQ: NFLX) from Stable to Negative.
The firm cites an increase in debt leverage as well as negative discretionary cash flow in 2013 and potentially into 2014 as Netflix increases spending on original programming.
Netflix is up 3.4 percent on the session Tuesday.... More
Netflix (NFLX) Announces $400M Senior Notes Offering
January 29, 2013 7:50 AM ESTNetflix, Inc. (Nasdaq: NFLX) today announced that it intends to offer, subject to market and other considerations, $400 million aggregate principal amount of senior notes due 2021 (the "Notes") through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as... More
Netflix (NFLX) Smashes Q4 Views on Strong Contribution Profits, Ebbing DVD Sub Losses
January 23, 2013 5:03 PM ESTNetflix (Nasdaq: NFLX) is exploding in late trading following strong fourth-quarter results issued after markets closed today.
Revenue for the media streaming giant rose 7.9 percent to $945 million, from $876 million the prior year. Adjusted net income was 13 cents per share, from 64 cents reported in the same period last year. Netflix earnings were 13 cents per share in the third-quarter as well.
Overall, the Street was more bearish on the company, seeing revs of just $934.1... More
