Netflix is raising $1.6B in debt as its content costs balloon

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Monday, 23 October 2017

Netflix is raising $1.6B in debt as its content costs balloon

Monday, 23 October 2017 by Muhammad Ifzal

Netflix today said it was raising a very large lump of debt for the typical laundry list of uses that you’ll find in a filing with the SEC — though, the timing comes as its content costs may hit as much as $8 billion next year. The announcement comes off a strong earnings report last week, where Netflix once again beat expectations for its subscriber growth. The company also said… Read More