Magnificent Seven stock Netflix Inc (NASDAQ:NFLX) is down 9.8% to trade at $1,120.59 this morning, after the company posted adjusted third-quarter earnings of $5.87 per share on $11.5 billion in revenue, the former of which missed estimates. The main catalyst behind the miss was an unexpected tax dispute with Brazil.The shares are headed for their worst single-session drop since April  2022 and earlier slid to their lowest level since May. The selloff takes NFLX's year-to-date gain down to 28%, though the 2 ...

智通财经APP获悉，周三，奈飞(NFLX.US)跌逾9%，报1123.68美元。消息面上，奈飞三季度业绩"爆 冷"，与巴西税务部门的税务纠纷带来意外的支出，公司盈利远不及预期，并且由此下调了全年的利润 率指引。 三季度营业利润率跌破30%至约28%，回落至今年内低位。净利润增速从二季度的将近46%放缓至不足 8%，EPS从二季度的47%以上增速放缓至不到9%，均较分析师预期低约15%，较奈飞的自身指引低至 少14%。 财报显示，奈飞三季度营收保持了两位数的增长，同比增速较二季度的近16%略为加快至逾17%，基本 符合预期。利润端增长较二季度大幅放缓。三季度净利润25.47亿美元，同比增长7.7%，分析师预期约 30亿美元，二季度同比增长近45.6%。 ...

Core Insights - The company is focusing on casual and family-friendly games, similar to its previous strategy with family-oriented content on Disney Channel [2][3] - There is a belief that the company should embrace third-party titles rather than trying to develop exclusive games, which has proven to be costly [3][6] - The company is perceived as overly fixated on exclusivity, which is driving up production costs for games [6] Strategy and Execution - The current strategy involves offering games that appeal to the lowest common denominator, which may not be sustainable in the long term [2] - The company has a capable leader in charge of games, but there are concerns that internal dynamics may hinder effective strategy execution [4] - The company needs to adopt a platform mindset similar to Apple’s iOS, allowing third-party games to be available on its service [7][9] Market Positioning - The company is missing opportunities by not including popular games like Candy Crush and Fortnite on its platform [8][9] - By positioning itself as a portal for gaming, the company could attract a wider audience, especially those without gaming consoles [9] - The company has the technological capability to succeed in this space if it shifts its perspective and strategy [7][9]

Michael, We were kind of joking a little bit earlier about their slate of games. Boggle Pictionary, Trivial Pursuit, but I don't know Pictionary. I mean, you know, if you got a family and you want to gather around the TV, I guess that's as good as gathering around.The old school boards that we used to gather around. Is it not. It is.Look, their strategy is very clearly to offer, you know, games that the lowest common denominator on Netflix want to play. So that's kind of the old Disney Channel strategy, you ...

Is the reaction that we're seeing because of this one off from the Brazilian tax authorities. It seems that way, although, again, it's a crazy time in Hollywood. You know, take a step back.There is competition coming from everywhere, YouTube, twitch, air, new air services. But, you know, if you take a breath, you look at the third quarter slate, they had an incredible engagement across the board. You know, they had K-Pop Demon Hunters, the most popular movie in the history of the service, 325 million views. ...

Is the reaction that we're seeing because of this one off from the Brazilian tax authorities. It seems that way, although, again, it's a crazy time in Hollywood. You know, take a step back.There is competition coming from everywhere, YouTube, twitch, air, new air services. But, you know, if you take a breath, you look at the third quarter slate, they had an incredible engagement across the board. You know, they had K-Pop Demon Hunters, the most popular movie in the history of the service, 325 million views. ...

UniCredit CEO Andrea Orcel is facing persistent requests from the Italian bank's board to provide detailed and timely updates about his merger and acquisition strategy, four people with knowledge of t... ...

Core Insights - Netflix's shares dropped over 8% following a third-quarter earnings report that included a significant one-time tax settlement of $619 million with Brazil, which dates back to 2022 [1][2] Financial Performance - The tax issue is not unique to Netflix, affecting other global streaming and technology companies in Brazil. Excluding this charge, Netflix would have surpassed margin expectations, indicating strong fundamentals in subscriber growth, engagement, and advertising momentum [2][3] - Netflix reported $2.6 billion in free cash flow, providing the company with the ability to invest in content, live sports, and global expansion [3] Content Strategy - Netflix's content strategy is effectively driving engagement, with popular titles like "Squid Game Season 3" and "KPop Demon Hunters" contributing to its global appeal. The upcoming fourth quarter is expected to maintain this momentum with the final season of "Stranger Things" and the debut of two NFL games on Christmas Day [3][4] Market Position - Netflix leads the U.S. streaming market with 67.1 million paid subscribers, significantly outpacing its closest competitor, Hulu, which has 39 million subscribers [5] - The company's scale and brand loyalty provide a competitive edge over rivals like Disney+ and Paramount+, supported by exclusive content and advertising initiatives [6] Investment Outlook - The post-earnings dip in stock price may present a short-term buying opportunity, as Netflix is positioned for continued engagement and revenue growth, with a focus on the broader picture of its operational strength [7]

Group 1 - Analysts have an average price target of $1,344.19 on NFLX [1] - Piper Sandler has initiated an overweight rating on Dell (NYSE: DELL) [1]

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