2 Things Investors Need to Know About Netflix Stock's Recent Dive

Core Insights - The market reacted negatively to Netflix's Q3 results, with the stock dropping 10.1% the following day and continuing to decline in the days after [2][3] - The significant price drop is considered typical for Netflix investors, as the stock has a high beta value of 1.59, indicating volatility [4] - Historical context shows that despite past declines, such as a 21.8% drop in January 2022, long-term investments in Netflix have yielded substantial returns [6] Financial Performance - Netflix reported a 17% year-over-year revenue growth, meeting Wall Street's expectations, but bottom-line earnings fell short due to an unexpected Brazilian tax charge [8][9] - The company faced a $619 million noncash tax charge, which contributed to a loss of $46 billion in market value [7]