Reported about 8 hours ago
Netflix reported a quarterly earnings miss, attributing the shortfall to a $619 million expense from a tax dispute in Brazil, ending a six-quarter streak of exceeding analyst expectations. Despite an 8% year-over-year earnings increase and revenue matching forecasts, investors reacted negatively, causing a 6% drop in share price. Analysts are divided on the implications, with some questioning Netflix's growth strategy amidst economic uncertainties, while others maintain confidence in the company's fundamentals.
Source: YAHOO