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Published on 10/22/2025 at 03:44 pm EDT
MT Newswires
Netflix (NFLX) shares sliding after a costly tax hit in Brazil wiped out what could've been another blockbuster quarter. The company says the $619 million settlement dragged earnings below forecasts, though revenue and outlook held steady. Robert Fishman, Research Analyst at Moffettnathanson, joined Bloomberg Open Interest to talk about the results.
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Netflix, Inc. specializes in on-line broadcasting services for films and television series provided continuously by subscription. Members pay a monthly fee for access to unlimited on-demand content on their computers (PC and MAC), portable telephones, televisions, or other devices (Xbox 360, PlayStation, Wii, Blu-Ray, etc.) connected to the Internet. At the end of 2024, Netflix, Inc. had approximately 302 million subscriptions. Net sales are distributed geographically as follows: the United States and Canada (44.5%), Europe/Middle East/Africa (31.8%), Latin America (12.4%) and Asia/Pacific (11.3%).
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