Brazil

Behind the surprise tax in Brazil that shook Netflix’s revenue

An unexpected and painful $619 million tax charge from Brazil reduced Netflix's September quarter operating margin, defying Wall Street's optimistic…

7 hours ago

Netflix shares fall as Brazil tax dispute weighs on profits

Stocks fall more than 5% after earnings releaseFourth-quarter forecast slightly above Wall Street targetsThe company cites “good momentum”LOS ANGELES, October…

10 hours ago

Netflix shares sell off after third-quarter earnings miss and warning over Brazil tax dispute

Netflix fell short of Wall Street analysts' expectations in the third quarter and said a dispute with Brazilian tax authorities…

13 hours ago

Netflix Misses Profit Targets After Brazil Tax Dispute

By Lisa Richwine LOS ANGELES (Reuters) - Netflix missed Wall Street's third-quarter profit targets due to an unexpected expense stemming…

14 hours ago