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.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(4490)

Herrmann: data isn't as bad as sentiment

Herrmann: data isn't as bad as sentiment

Mitsubishi UFJ's John Herrmann says that current U.S. economic data is looking better than people think it is. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.See omnystudio.com/listene...

26 Feb 201611min

Piegza: retail data is stronger

Piegza: retail data is stronger

Stifel's Chief Economist Lindsey Piegza says that recent numbers point to an improving retail environment. She joins Tom Keene and Michael McKee on Bloomberg Surveillance.See omnystudio.com/listener f...

26 Feb 201611min

Rolland: Apple standoff with FBI has global implications

Rolland: Apple standoff with FBI has global implications

FBR Capital Markets' Analyst Christopher Rolland says that if Apple is forced to give the U.S. government a backdoor into its devices, then other countries like Saudi Arabia could abuse this to track ...

26 Feb 20168min

Murray: UK can cut red tape by leaving EU

Murray: UK can cut red tape by leaving EU

Bloomberg Intelligence's Jamie Murray says the UK can cut regulatory burdens by leaving the EU. He joins Tom Keene and Michael McKee on Bloomberg Surveillance.See omnystudio.com/listener for privacy i...

26 Feb 201612min

8am-9am ET: Murray, Rolland, Piegza & Herrmann

8am-9am ET: Murray, Rolland, Piegza & Herrmann

Bloomberg Intelligence's Jamie Murray weighs the risk of 'Brexit.' FBR Capital Markets' Christopher Rolland discusses the latest developments in Apple's standoff with the FBI. Stifel's Lindsey Piegza ...

26 Feb 201642min

Ghahramani: there will be investment opportunities in Iran

Ghahramani: there will be investment opportunities in Iran

SGH Macro Advisors' Sassan Ghahramani speaks about the elections in Iran and effects on geopolitical calculations on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener...

26 Feb 201611min

Ghahramani: G-20 needs to assure markets

Ghahramani: G-20 needs to assure markets

SGH Macro Advisors' Sassan Ghahramani says the G-20 needs to deliver the message that policy makers aren't out of ammunition on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.c...

26 Feb 201611min

Hormats: china working to improve communication to markets

Hormats: china working to improve communication to markets

Kissinger Associates' Bob Hormats discusses generational shifts in China as the G-20 meets in Shanghai on Bloomberg Surveillance with Tom Keene and Michael McKee.See omnystudio.com/listener for privac...

26 Feb 20168min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-svart-marknad
rss-borsens-finest
svd-tech-brief
avanzapodden
uppgang-och-fall
rss-kort-lang-analyspodden-fran-di
rss-dagen-med-di
tabberaset
bathina-en-podcast
dynastin
lastbilspodden
rss-inga-dumma-fragor-om-pengar
fill-or-kill
rss-dr-bjorklund
borsmorgon
24fragor