Netflix scored a debt ratings upgrade from S&P Global Ratings on Tuesday, with its analysts citing "strong streaming video trends and free cash flow improvement." The S&P said the credit ratings outlook on the streaming giant remains positive, meaning there could be further upgrades down the line from the new "BB+" rating, up from "BB" previously.
A week after Netflix's fourth-quarter and 2020 results, the analysts wrote that the firm, "with help from accelerating secular trends for streaming video services during the pandemic, beat our expectations for subscriber growth, margin improvement, and free cash flow generation." Indeed, Netflix, led by co-CEOs Reed Hastings and Ted Sarandos, said it could roughly break even on free cash flow this.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.