Netflix’s 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 the analysts projections that steer investors. The Los Gatos, California cited an unexpected $619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its programming for delivering revenue the matched analyst forecasts. Investors, though, weren’t placated by the explanation as Netflix’s shares still fell by more than 6% in extended trading after the numbers came out.
(Copyright 2025 The Associated Press. All Rights Reserved.)
