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Netflix shares slide on rare earnings miss — snapping six-quarter profit streak
New York Post· 2025-10-22 07:10
Netflix missed the earnings target set by stock market analysts during the video streamer’s latest quarter, a letdown that the company blamed on a tax dispute in Brazil.The results announced Tuesday broke Netflix’s six-quarter streak of posting a profit that eclipsed analysts’ projections.The Los Gatos, Calif., cited an unexpected $619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its lineup of distinctive TV series and films for keeping its audience engaged and ...