An unexpected and painful $619 million tax expense from Brazil knocked the operating margin for Netflix‘ September quarter, defying Wall Street’s upbeat guidance and hitting the stock, which fell more than 6%. It was unusual. Asked on the streamer’s post-earnings Q&A webcast to please provide more color on what happened, CFO Spencer Neumann stressed “two really important takeaways that I want to leave you with. The first is that … no other tax looks or behaves like this in any other major country in which ...

For the quarter ended September 2025, Netflix (NFLX) reported revenue of $11.51 billion, up 17.2% over the same period last year. EPS came in at $5.87, compared to $5.40 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $11.52 billion, representing a surprise of -0.12%. The company delivered an EPS surprise of -14.8%, with the consensus EPS estimate being $6.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

David Joyce, Seaport Research Partners Senior Analyst, says the stock is overreacting as the quarter was better than expected. He tells Katie Greifeld and Romaine Bostick on "The Close" that the company is making solid progress on advertising. ...

Netflix (NFLX) reported earnings that missed analyst expectations on both revenue and profit, sending shares over 8% lower in trading on Wednesday. Netflix reported revenue of $11.51 billion, just shy of Bloomberg consensus estimates of $11.52 billion and slightly below the company’s own guidance of $11.53 billion. That compares to $9.82 billion in the same quarter last year. Earnings per share came in at $5.87, missing analyst expectations of $6.94 and Netflix’s internal forecast of $6.87, though still ...

核心观点 - 尽管公司营收和盈利超预期，但股价仍下跌约5%，市场担忧可能超越了一次性的巴西税务问题，焦点集中在增长放缓、利润率下滑及未来增长动力不足等更深层次的问题上 [1][2][3] 财务表现与市场反应 - 公司业绩超预期，营收和盈利均实现超越，但股价仍表现疲软，下跌约5% [1][2] - 股价在1150美元附近形成重要支撑位，近期多次触及该低点 [4] 增长前景与市场地位 - 美国市场可能已趋饱和，未来的增长将更多依赖国际市场 [3] - 公司被视为成熟企业，不再公布用户增长数据，暗示其高增长阶段可能已经结束 [10][12] - 市场传言公司可能通过收购（如华纳兄弟探索频道）来实现增长，这引发了对其有机增长动力的质疑 [3][4] 利润率压力 - 公司利润率出现恶化迹象，包括在业绩指引中也有所体现 [3] - 国际市场的利润率预计将不如美国市场强劲，因内容摊销成本可能更高 [3] - 业绩指引中的利润率压力可能包含巴西税务问题的残余影响，但市场认为管理层给出的指引可能不够清晰 [6] 广告业务与线性电视 - 公司的广告业务表现强劲，相关数据实现翻倍增长，但增长基数较低 [9][12] - 线性电视市场被视为一个增长机会，公司认为其有能力从中获取份额 [5] 国际扩张与内容战略 - 未来的增量增长将依赖于国际市场，但这意味着内容投入和定制化成本会更高，因为需要为不同地区量身打造内容 [13] - 国际市场扩张可能伴随持续的税务风险，巴西问题可能不是孤例，其他地区（如加拿大、印度）也可能出现类似问题 [14] 人工智能与潜在风险 - 公司对人工智能的态度被视为可能低估了相关的版权侵权风险，这未来可能成为一个重大的不利因素 [7][8] - 公司主要将AI视为工具，用于更高效、低成本地生成内容，并通过机器学习提升用户参与度 [8]

Gold fell 6% on Tuesday, its largest decline since August 2020 and second biggest since 2013. After such a steep ascent - its year-to-date gain last week was almost 70% - the inevitable question now is: correction, or crash?That may reflect over-confidence, or complacency. The mood at the IMF/World Bank meetings in Washington last week was far less upbeat, with the recent escalation around rare earths and 100% tariffs marking a new and worrying phase. Markets are priced for significant de-escalation, and if ...

“We’ve proven we know how to scale,” co-CEO Greg Peters said, adding that Netflix has moved from the “crawl” to the “walk” phase of its ad business. Upfront commitments more than doubled, and programmatic growth was even higher — a sign that advertisers are embracing the new ad tech stack. The company said it will introduce interactive ad formats later this year and expand AI-driven targeting and measurement capabilities through 2026, betting that its faster iteration cycle will outpace rival streamers. And ...

Yeah, just um some more commentary commentary here about this dispute with the Brazilian tax authorities yielding lower margins than anticipated. The company does guide to Q4 operating margin of 23.9%. That is lower than the 24.2% street account estimate.But some other areas of strength here. The company talking about its ads business saying they are now on track to more than double our ads revenue in 2025. Um and they concluded the US upfront with commitments more than doubling this year.talking about the ...

The company's earnings came in below expectations, with the stage set for big gains with the company's ad business in the fourth quarter. ...

Netflix's quarter — and stock price — was dragged down by a hefty $619 million expense tied to a Brazilian tax dispute. Netflix otherwise had another standout quarter, notching record revenue fueled by robust viewership for Korean-themed megahits like "Kpop Demon Hunters," "Squid Game," and its Canelo vs. Crawford live boxing event.Netflix's revenue rose 17.2% to a record $11.5 billion in the third quarter, largely in line with expectations from analysts and the company's guidance. A key growth area for N ...