Netflix stock drops 6% after earnings miss due to Brazilian tax fight
1. Netflix's revenue grew 17.2% to $11.5 billion, a record quarter. 2. Shares fell 6% post-earnings due to a $619 million tax expense. 3. Operating income was $2.55 billion, missing analyst estimates significantly. 4. Netflix reported its best ad sales quarter ever, doubling commitments from advertisers. 5. Viewership share reached 8.6%, still below YouTube's 13% share.