Netflix (NFLX) stock dipped after its Q3 2025 earnings report, surprising many investors. The company posted $11.51 billion in revenue, meeting expectations, but earnings per share of $5.87 fell short due to a $619 million tax expense from Brazil. This miss caused shares to fall about 6% in after-hours trading. Despite this, Netflix remains optimistic with a Q4 revenue forecast of $11.96 billion and strong growth in its ad-supported subscription tier. In this video, we break down the key reasons behind Netflix’s earnings miss, the impact on investors, and what this means for the future of the streaming giant.
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