Netflix sinking deeper into debt to fuel subscriber growth

Netflix misses 3Q profit forecasts

Netflix misses 3Q profit forecasts

In a quarterly shareholder update Netflix wrote: "As we move into 2018, we aim to achieve steady improvement in global profitability and a growing operating margin as our success in many large markets helps fund investments throughout Asia and the rest of the world".

Netflix is benefiting from a "very powerful combination" of original programming that generates strong subscriber growth plus demonstrated pricing power, Pivotal analyst Jeffrey Wlodarczak said in a report.

Analysts believe that the company has the potential to earn average revenue of $3.15 Billion for the current quarter. All told Netflix now boasts 109.3 million subscribers. National Pension stated it has 0.31% of its portfolio in Netflix, Inc. Netflix's stock rose 1 percent in extended trading, putting it on track to touch new highs Tuesday.

For the third quarter, Netflix added 5.3 million subscribers around the world, compared with Wall Street's target of 4.5 million, according to FactSet. With many local providers and operators are strengthening their video services, the competitive environment continues to intensify, and Netflix will face stiffer competition as rivals launch live TV services and move into sports rights, especially in the US.

Chief Content Officer Ted Sarandos said that Netflix was looking to spend a groundbreaking $8 billion on original content in 2018. Wetherby Asset Mgmt owns 0.17% invested in Netflix, Inc.

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Nonetheless, Netflix has remained profitable, under USA accounting rules.

Last week Netflix raised their monthly subscription prices in the United States, with analysts predicting another price hike to follow in 2018. Most analysts believe that's unlikely to happen this time, and Netflix supported that thesis with its growth forecast. "The Irishman" has a budget of more $100 million. The stock had a trading volume of 19,877,127 shares.

Netflix, Inc., an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens.

The company has a total of $17 billion in content commitments over the next several years and a growing library of owned content, with a $2.5 billion net book value.

But that would be more hard to do if Netflix's stock price plummets amid concerns about its debt. "It's probably only worth something to someone who hasn't been subscribing to Netflix for the past five years", Pachter says. Netflix has been spending heavily to produce and acquire content as it races to dominate streaming television and beat competition from traditional media and other streaming players such as Hulu and Amazon.com Inc's Prime Video.

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