Results broke firm’s six-quarter streak of posting profit that eclipsed analysts’ projections, despite ads business growth
Netflix missed the earnings target set by stock market analysts during the video streamer’s latest quarter, a letdown that the company blamed on a tax dispute in Brazil.
The results announced on Tuesday broke Netflix’s six-quarter streak of posting a profit that eclipsed analysts’ projections, despite growth in its ads business. The company did post a profit, though less than expected.
