Netflix's $619M Tax Surprise: Stock Plunges!

Netflix stock plunges nearly 10% after Q3 earnings reveal a surprise $619M Brazilian tax hit, tanking profits and shocking investors. Despite a revenue jump and solid subscriber growth, the unexpected expense overshadowed positive forecasts, causing the stock's biggest drop in months. Is this a blip or a sign of deeper trouble for the streaming giant?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.