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 Tuesday broke Netflix's six-quarter streak of posting a profit that eclipsed analysts' projections.

The Los Gatos, California, cited an unexpected $619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its lineup of distinctive TV series and films for keeping its audience engaged and delivering a mix of subscriber fees and increased ad sales that helped it deliver revenue that matched analyst forecasts.

Investors, though, weren't placated by the explanation as Netflix's shares still fell by about 5% in extended trading after the numbers came out.

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