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 on Tuesday broke Netflix’s six-quarter streak of posting a profit that eclipsed analysts’ projections, despite growth in its ads business. The company did post a profit, though less than expected.

The Los Gatos, California, company cited an unexpected $619m expense tied to the Brazilian tax dispute for the third-quarter 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.

Netflix’s earnings came after Warner Bros Dis

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