Inside The Surprise Brazilian Tax That Rattled Netflix Earnings ...Middle East

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Inside The Surprise Brazilian Tax That Rattled Netflix Earnings
An unexpected and painful $619 million tax expense from Brazil knocked the operating margin for Netflix’ September quarter, defying Wall Street’s upbeat guidance and hitting the stock, which fell more than 6%. It was unusual. Asked on the streamer’s post-earnings Q&A webcast to please provide more color on what happened, CFO Spencer Neumann stressed “two […]

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