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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Netflix, Inc.    NFLX

NETFLIX, INC.

(NFLX)
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Singtel-backed streaming service HOOQ files for liquidation

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03/27/2020 | 01:51am EDT

HOOQ Digital, a video streaming service majority owned by Singapore Telecommunications Ltd, said it was filing for liquidation as it had not been able to grow sufficiently to provide sustainable returns nor cover escalating costs.

HOOQ was started as a joint venture in 2015 between Singtel, Sony Pictures Television and Warner Bros Entertainment. But it has failed to make major gains as larger rivals such as Netflix Inc expanded in the region.

The liquidation is not expected to have any material impact on the net tangible assets or earnings per share of Singtel, the telecom operator said in a filing to the stock exchange. Singtel has an indirect 76.5% effective stake in HOOQ.

HOOQ is part of Singtel's group digital life segment, which includes newer businesses like digital marketing that the company has been trying to grow as part of its efforts to expand outside traditional telecom services.

(Reporting by Aradhana Aravindan in Singapore; Editing by Himani Sarkar)

Stocks mentioned in the article
ChangeLast1st jan.
NETFLIX, INC. 1.52% 419.73 Delayed Quote.29.72%
SINGAPORE TELECOMMUNICATIONS LIMITED -1.19% 2.49 End-of-day quote.-25.00%
SONY CORPORATION -0.15% 6874 End-of-day quote.-7.12%
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Financials (USD)
Sales 2020 24 745 M - -
Net income 2020 2 934 M - -
Net Debt 2020 10 234 M - -
P/E ratio 2020 65,1x
Yield 2020 -
Capitalization 185 B 185 B -
EV / Sales 2019
EV / Sales 2020 7,87x
Nbr of Employees 8 600
Free-Float 98,4%
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Technical analysis trends NETFLIX, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 444,62 $
Last Close Price 419,73 $
Spread / Highest target 38,2%
Spread / Average Target 5,93%
Spread / Lowest Target -61,9%
EPS Revisions
Managers
NameTitle
Wilmot Reed Hastings Chairman, President, & Chief Executive Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
Jay Crandall Hoag Lead Independent Director
Richard N. Barton Independent Director
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