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Benzinga
Benzinga
Business
Surbhi Jain

Netflix Slides On Brazil Tax Hit — But Growth Story Remains Intact

Hollywood,,Usa,-,01-04-2019:,Netflix,Logo,On,Building

Netflix Inc (NASDAQ:NFLX) saw shares dip more than 8% during early trading on Wednesday after its third-quarter earnings report on Tuesday. Still, the earnings miss stemmed from a $619 million one-time tax settlement with Brazil, an issue dating back to 2022.

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