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)

Furman: consumer sentiment high even with low wage growth

Furman: consumer sentiment high even with low wage growth

U.S. Council of Economic Advisers' Jason Furman weighs in on low wage growth and how the economy affects the presidential election on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnyst...

1 Maalis 20168min

Furman: heightened sense of risk in U.S. economy now

Furman: heightened sense of risk in U.S. economy now

U.S. Council of Economic Advisers' Jason Furman discusses a heightened sense of risk in the U.S. economy on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for priv...

1 Maalis 201612min

7am-8am ET: Furman, Greenspan & King

7am-8am ET: Furman, Greenspan & King

U.S. Council of Economic Advisers' Jason Furman speaks about the state of the economic recovery and former Chairman of the Federal Reserve Alan Greenspan discusses negative rates. Maine Senator Angus ...

1 Maalis 201642min

Bloomberg Surveillance: Murphy on Politics

Bloomberg Surveillance: Murphy on Politics

(Bloomberg) -- Bloomberg Surveillance with Tom Keene and Michael McKee. GUEST: Megan Murphy Bureau Chief:Washington DC/Exec Editor:US Govt Bloomberg News on politicsSee omnystudio.com/listener for pri...

1 Maalis 201642min

9am-10am ET: Verleger, Levitt, Alloway & Delong

9am-10am ET: Verleger, Levitt, Alloway & Delong

PK Verleger's Philip Verleger discusses his call on oil prices and Bloomberg Arthur Levitt weighs in on SEC issues. Bloomberg's Tracy Alloway discusses economists' views on if the Fed should raise rat...

29 Helmi 201642min

8am-9am ET: Feroli & Weisman

8am-9am ET: Feroli & Weisman

JPMorgan's Michael Feroli says central banks have come a long way with communication and is trying to communicate a path that is data dependent. MFS Investment Management's Erik Weisman discusses nega...

29 Helmi 201642min

Swagel: banks are in a much better position than pre-crisis

Swagel: banks are in a much better position than pre-crisis

Milken Institute's Phillip Swagel discusses how the banks are in a much better position than before the crisis on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener fo...

29 Helmi 201611min

Swagel: too soon to tell if bank regulation working

Swagel: too soon to tell if bank regulation working

Milken Institutue's Phillip Swagel discusses the future of large banks on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for privacy information.

29 Helmi 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