ব্রাজিলে ট্যাক্স বিরোধের কারণে নেটফ্লিক্স তৃতীয় ত্রৈমাসিকের জন্য আয়ের লক্ষ্য পূরণ করতে ব্যর্থ হয়েছে
Netflix missed Wall Street’s third-quarter earnings targets due to unexpected expenses stemming from a dispute with Brazilian tax authorities, while Wall Street forecast for the remainder of the year. The report failed to impress investors who were accustomed to rapid growth from the video leader. Netflix shares, which had risen 39% this year before the earnings report, fell 6.3% to $1,163.80 in after-hours trading on Tuesday. Netflix reported $2.5 billion in earnings and $5.87 earnings per share for July through September, a period when K-pop anime Demon Hunters became the most-watched film in Netflix history. Analysts were expecting $3 billion and $6.97 respectively, according to London Stock Exchange Group (LSEG). Revenue was in line with expectations at $11.5 billion. Netflix aims to grow in new areas such as advertising and video games after attracting more than 300 million subscribers worldwide. It faces competition from YouTube, Amazon’s Prime Video, Disney+ and others. Media business is undergoing major changes, which includes the potential sale of industry giant Warner Bros. Discovery and the rise of generative AI with the ability to create small videos. Netflix reported an operating margin of 28% for the third quarter. Excluding an estimated $619 million in Brazilian tax expenses, the margin would have exceeded the company’s forecast of 31.5%, it said, adding that it did not expect it to have a material impact on future results. Paolo Pescatore, an analyst at PP Foresight, said he believes the tax issue weighed on Netflix’s shares. “All things considered, this was another solid quarter despite the slowdown from unforeseen expenses,” Pescatore said. For the fourth quarter, Netflix expects $11.96 billion in revenue, compared with Wall Street’s forecast of $11.90 billion. Earnings per share were forecast a penny lower than analysts’ $5.45 target. For the third quarter, Netflix said it was its best advertising sales quarter in history but did not disclose a number. “It gives the idea that the continued revenue growth achieved in this quarter, and expected for the next, will be mostly driven by subscription fees,” said e-Marketer analyst Ross Benes. Netflix will release the final season of its biggest hit, Stranger Things, in November and December and stream two live National Football League games at Christmas. “We are ending the year with good momentum and have an exciting slate for the fourth quarter,” Netflix said in its quarterly letter to shareholders. Earlier this year, Netflix stopped reporting subscriber numbers and urged investors to focus on revenue and profits. According to analysts and investors, it has expanded to include video games and advertising, two areas that have so far contributed little to revenue. – By Lisa Richwine, Reuters Fast Company’s Most Innovative Companies Awards extended deadline is tonight, October 14, 11:59 p.m. PT. Apply today. (Tag for translation) Earnings
প্রকাশিত: 2025-10-22 03:00:00
উৎস: www.fastcompany.com
