Netflix Stock Tanks 5% After Q3 Earnings Miss — Analysts Remain Bullish
Netflix stock fell 5.6% to about $1,171 in after-hours trading Oct. 21 after Q3 earnings missed estimates due to a $619 million Brazilian tax charge. Q3 revenue reached $11.5 billion, up 17% year-over-year, with net income at $2.5 billion. Netflix now has around 300 million paid subscribers. The company guided to Q4 revenue of $11.96 billion and EPS of $5.45.