Does Netflix have high debt? (2024)

Does Netflix have high debt?

According to Netflix's latest financial reports the company's total debt is $14.54 B. A company's total debt is the sum of all current and non-current debts.

Does Netflix have bad debt?

As you can see below, Netflix had US$14.3b of debt, at September 2023, which is about the same as the year before. You can click the chart for greater detail. However, it does have US$7.87b in cash offsetting this, leading to net debt of about US$6.43b.

Is Netflix financially stable?

Netflix Fundamentals Over Recent Years

Netflix's financial position also appears stable, with the company holding about $8 billion in cash and short-term investments as of the most recent quarter, and its long-term debt standing at about $14 billion.

Is Netflix losing money?

Netflix's revenue did increase — nearly 8% to $8.54 billion for the quarter. The company forecast that revenue will jump 11% in the fourth quarter, reaching $8.69 billion. It turns out membership growth did, in fact, return. Investors appear to once again view Netflix as a growth opportunity.

What is the debt ratio for Netflix?

31, 2023.

Why is Netflix struggling financially?

The streaming pioneer has been reeling under strained consumer spending, rising costs of financing production and increased competition from Disney+ and Amazon Prime.

How is Netflix financially?

Netflix Financial Overview

Netflix's market cap is currently ―. The company's EPS TTM is $12.017; its P/E ratio is 48.59; Netflix is scheduled to report earnings on April 15, 2024, and the estimated EPS forecast is $4.48. See an overview of income statement, balance sheet, and cash flow financials.

Is Netflix growing or declining?

Netflix generated $33.7 billion revenue in 2023, with four straight quarters of growth. It reported its first quarterly decline in Q4 2022.

Why is Netflix stock falling?

Netflix shares are down around 9%, the stock's largest dip of the year so far. The fall comes after the streaming giant reported revenue below company projections yesterday. It also pauses a hot year for the stock, which had risen more than 60% through yesterday's close.

Is Netflix a buy or sell right now?

Netflix's analyst rating consensus is a Moderate Buy.

Why is Netflix struggling?

The company cited the cost of operating it after years of seeking customers move online. The streaming industry pioneer has responded to its slowing growth by introducing two new initiatives: an advertising-supported tier and a plan to crack down on password sharing.

How did Netflix lose $18 billion dollars?

As reported by Financial Times, despite initially losing subscribers as a result of the infamous password-sharing crackdown, Netflix has recently gained nearly six million new subscribers. In related news, Netflix reportedly cancelled a $30 million project before it was even released. No wonder it's been losing money!

Is Netflix losing money 2024?

The streaming giant said it expects healthy double-digit revenue growth for full-year 2024, as it continues to add members and invest in its advertising business.

Who owns the biggest percentage of Netflix?

Netflix's largest insider shareholders are Reed Hastings and Leslie J. Kilgore. The company's largest institutional shareholders are the Vanguard Group and BlackRock. The company only has one stock class, called Stock A, which offers one vote per share.

What is Netflix debt in 2024?

Total Debt is likely to drop to about 12.9 B in 2024. This module does not cover all equities due to inconsistencies in global equity categorizations.

Does Netflix have a high debt to equity ratio?

Min: 0.48 Med: 1.16 Max: 1.98

During the past 13 years, the highest Debt-to-Equity Ratio of Netflix was 1.98. The lowest was 0.48. And the median was 1.16.

Is Disney plus losing money?

Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business' losses by $300 million during the October-December period.

How many people left Netflix?

The company reported losing an estimated one million users worldwide in the second quarter of 2022, with the. But why have audiences canceled their subscriptions? One reason for the unprecedented drop in account holders is Netflix's monthly fee, which has been increasing rapidly over the past few years.

Why is Netflix so expensive?

Netflix's stated goal for raising prices is to allow them to acquire additional content and improve their streaming offering. This is part of it, but the real reason Netflix is raising prices is to test the waters of a price increase for the first time since the Quikster disaster in 2011.

Who is Netflix owner?

Netflix, media-streaming and video-rental company founded in 1997 by American entrepreneurs Reed Hastings and Marc Randolph. It is also involved in the creation of original programming. Corporate headquarters are in Los Gatos, California. Netflix, Inc.

Does Netflix make a net profit?

Netflix net income for the twelve months ending December 31, 2023 was $5.408B, a 20.39% increase year-over-year. Netflix annual net income for 2023 was $5.408B, a 20.39% increase from 2022. Netflix annual net income for 2022 was $4.492B, a 12.2% decline from 2021.

Is Netflix having profit?

Net profit at Netflix India soared 75% last fiscal to Rs 35 crore, from Rs 20 crore in FY22, showed regulatory filings with the Registrar of Companies (RoC).

What country uses Netflix the most?

United States. Netflix was founded in the U.S. in 1997, so it shouldn't come as any surprise to hear it has the most Netflix users by country in 2023. There are about 67 million Netflix users in the country. The U.S. is, by far, Netflix's most profitable market.

What age group uses Netflix the most?

The bulk of Netflix's subscribers is Gen-Z & millennials. A massive 75% of respondents to a Statista survey aged between 18 – 34 said they had a Netflix subscription. But that doesn't mean older people aren't older people don't use the platform. 44% of people aged 65 years old had an active Netflix subscription.

Is Netflix popular anymore?

Is Netflix the biggest streaming service? So while Netflix doesn't have the biggest movie or TV library, the one stat it does come in first at is subscribers - with 247.15 million at last count. Amazon's Prime Video comes in a close second at 205 million, while Disney+ is a distant third at 150.2 million.

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