Netflix Misses Q3 Earnings Estimates on Brazilian Tax Dispute, Revenue Rises 17%
NegativeEntertainment

Netflix's third-quarter earnings report reveals a mixed bag, with revenue rising 17% to $11.51 billion but adjusted earnings per share falling short of expectations at $5.87. This disappointment comes amid a significant tax dispute in Brazil, which has raised concerns about the company's financial stability in the region. The decision to stop regularly reporting subscriber data earlier this year adds to the uncertainty, making it crucial for investors to closely monitor how these challenges will impact Netflix's future growth.
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