Streaming Industry
Netflix Stock Slides as Brazil Tax Hit Overshadows Strong Quarter
Netflix’s third-quarter earnings took a hit from a major tax settlement in Brazil, leading to a sharp drop in its stock despite robust revenue and programming successes.
Netflix Beats Earnings Expectations but Faces Postmarket Dip
Netflix reported strong Q2 earnings with revenue and net income growth, but its stock dipped slightly in after-hours trading. The company raised its full-year revenue forecast, highlighting progress in its ad-supported tier and live programming initiatives.
Prime Video Cancels ‘The Wheel of Time’ After 3 Seasons
Prime Video has canceled its fantasy epic ‘The Wheel of Time’ after three seasons, citing financial constraints despite critical acclaim.