Instant Reaction: Netflix Says Tax Dispute Hurt Solid Quarter

Instant Reaction: Netflix Says Tax Dispute Hurt Solid Quarter

Netflix said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.


The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections.

Netflix had to pay about $619 million to settle a multiyear tax dispute with Brazilian authorities going back to 2022. The company had identified the potential risk in previous filings – but not in its earnings guidance — and said it would have beaten forecasts if not for the expense. Future payments will be smaller.“We don’t expect this matter to have a material impact on future results,” the company said.
For instant reaction and analysis, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with:

  • Bloomberg News Media and Entertainment Editor Felix Gillette
  • Mark Douglas, President & CEO of MNTN
  • Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan

See omnystudio.com/listener for privacy information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(4490)

9am-10am ET: Stockton, Bonier, Dhawan & Parra

9am-10am ET: Stockton, Bonier, Dhawan & Parra

It's a special 'Super Tuesday' edition of Bloomberg Surveillance. Tom Keene and Michael McKee head to DC for perspective on the presidential primaries with Clarity Campaign Lab Founder Tom Bonier and ...

1 Maalis 201642min

Cohen: rhetoric during primaries is embarrassing

Cohen: rhetoric during primaries is embarrassing

Cohen Group's William Cohen says the level of rhetoric taking place during the primaries is embarrassing on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for priv...

1 Maalis 201611min

Weber: GOP needs to be party of economic growth

Weber: GOP needs to be party of economic growth

Mercury Public Affairs' Vin Weber discusses how the GOP needs to be the party of economic growth again on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for privac...

1 Maalis 201611min

Weber: not ready to say I can support Donald Trump

Weber: not ready to say I can support Donald Trump

Mercury Public Affairs' Vin Weber says he is not ready to support Donald Trump for president on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for privacy informat...

1 Maalis 20168min

Posen: economy isn't as bad as people say

Posen: economy isn't as bad as people say

Peterson Institute for International Economics' Adam Posen weighs in on how the world economy isn't as bad as some are saying on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio....

1 Maalis 201612min

8am-9am ET: Posen, Weber & Cohen

8am-9am ET: Posen, Weber & Cohen

Peterson Institute for International Economics' Adam Posen discusses economic uncertainty and Mercury Public Affairs' Vin Weber says he's not ready to support Donald Trump for president. Cohen Group's...

1 Maalis 201642min

King: people are fed up and have a right to be

King: people are fed up and have a right to be

Maine Senator Angus King weighs in on if the two-party system is at risk on Super Tuesday on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for privacy information...

1 Maalis 201611min

Greenspan: negative interest rates are not productive

Greenspan: negative interest rates are not productive

Former Chairman of the Federal Reserve Alan Greenspan weighs in on negative interest rates and how it warps investment patterns on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudi...

1 Maalis 201611min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
mimmit-sijoittaa
rss-oivalluksia-rahasta-elamasta
rss-rahapodi
rss-rahamania
ostan-asuntoja-podcast
hyva-paha-johtaminen
pomojen-suusta
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-lahtijat
rss-ammattipodcast
rss-lentopaivakirjat
inderespodi
yrittaja
rss-bisneksen-pehmea-puoli
rss-sisalto-kuntoon
rss-yritys-ja-erehdys
rss-turvassa-tyopaikalla