Netflix Says Tax Dispute Hurt Solid Quarter; Shares Tumble
Published on: Oct. 22, 2025, 7:06 p.m. | Source: NDTV Profit
Netflix Inc. said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates. The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections.
