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Netflix blames tax dispute in Brazil for rare quarterly earnings letdown
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Highlights
- Netflix misses earnings as a $619 million Brazil tax hit weighs on margins and pressurizes the stock.
- Analysts say Netflix’s quarter was clouded by Brazil tax disputes, denting expectations and investor confidence.
- Netflix sticks to growth plans, using ads and subscriber revenue to offset tax headwinds and sustain momentum.
Vote 25
References
Netflix stock drops 6% after earnings miss due to $619 million expense from Brazilian tax fight
Netflix stock falls after earnings miss estimates, operating profit takes a hit
Netflix Misses Q3 Earnings Estimates on Brazilian Tax Dispute, Revenue Rises 17%
As Netflix drops on earnings miss, it’s investing just $0.40 into content for every $1 of revenue
Netflix blames $600m tax dispute with Brazil for disappointing earnings
Netflix misses forecasts as surprise tax bill hits profits
Netflix shares slide on rare earnings miss — snapping six-quarter profit streak
Netflix blames tax dispute in Brazil for rare earnings letdown
Inside The Surprise Brazilian Tax That Rattled Netflix Earnings
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