30, Netflix reported $12.43 billion in debt, up from $10.36 billion at the end of 2018.
The latest proposed debt offering would be the eighth time in the last five years that Netflix is raising $1 billion or more through debt.
The streaming giant last raised $2.2 billion in junk bonds in April 2019.
How much money is Netflix in debt?
The additional $2 billion in debt will bring Netflix’s long-term debt to around $12.3 billion, Variety now points out.
How much is Netflix in debt 2019?
In 2019, Netflix is expected to generate a cash loss of $3.5 billion. The driver of its cash problem is hefty content costs.
Is Netflix making a profit 2019?
Netflix reported Q1 2019 earnings per share of 76 cents, vs. 57 cents expected, per Refinitiv. The company reported $4.52 billion, vs. $4.50 billion expected, per Refinitiv consensus estimate.
Is Netflix still losing money?
Shares of Netflix fell 10.3% Thursday after the company reported a loss in domestic paid subscribers for the first time in eight years. Netflix lost more than $16 billion from its market cap following the report, bringing it to $142.2 billion. The stock is still up more than 21% so far this year.
Will Netflix shut down?
Nintendo is closing down streaming video services on the device in January 2019. We already knew of Nintendo’s intention to shut down the Wii Shop channel in January 2109, but the addition of shuttering video streaming will come as an added blow to Wii owners. Please visit netflix.com/wii for our device list.
Does Netflix turn a profit?
Netflix said it gained almost seven million new users worldwide, to bring its total membership to more than 137 million. Profit in the quarter more than tripled from a year ago to $403 million while revenues grew 34 percent to $4 billion. Netflix has said it plans to invest some $8 billion in original content.