Netflix Earnings Hit by Brazil Tax Blow

Core Viewpoint - Netflix experienced a decline in shares due to a $619 million tax settlement in Brazil, which negatively impacted earnings despite steady revenue and outlook [1] Financial Performance - The $619 million settlement caused earnings to fall below forecasts [1] - Revenue and outlook remained stable, indicating resilience in other areas of the business [1] Analyst Commentary - Robert Fishman, a Research Analyst at Moffettnathanson, provided insights on the results during an appearance on Bloomberg Open Interest [1]