Netflix recorded a in revenue reaching in direct conversion), but reported to , of the projection of .
In the letter to investors, the company explained that the result is the reflection of a “” That in the projection. “We do not expect this matter to impact future results,” the letter states.
The extra expense was according to the budget published on Tuesday (21), and refers to tax assessments not related to income tax . The value was published as AND operating profit of over . From of the amount refers to the financial year of .
“It’s not a Netflix-specific tax. It’s not even streaming-specific,” Netflix Chief Financial Officer Spence Neumann said during the company’s earnings call, as reported by relationship from the Brazil teams. “Without this expense, we would have exceeded our operating profit and operating margin guidance for the third quarter of 2025.”
Netflix investors reacted…
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Netflix highlighted productions launched in the third quarter of this year that contributed to the company’s results, including the second season of ““, “” AND ““.
K-Pop has become “Demon Hunters”. while the fight between became with of spectators.
By the end of the year, Netflix will say with the last season of ““, new seasons of “” AND ““, “”by Guillermo del Toro,””by Kathryn Bigelow,”” by Rian Johnson, plus other live events, including Christmas football games the and the boxing match between .
And the expectation is that productions will leverage the revenue high of and operating margin of without tax impacts. After registration of advertising sales in the United States, the company estimates the recipe with in 2025.
The post Netflix blames lower-than-expected profits on tariff dispute in Brazil appeared first on Olhar Digital.
Source: Olhar Digital
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
