Netflix posted revenue and earnings growth for its third quarter, but a dispute with tax authorities in Brazil ate into profit margins, sending the streaming giant’s stock down in Tuesday after-hours and before Wednesday’s market open. The unexpected disruption caused investor jitters.

That, along with comments from co-CEOs Ted Sarandos and Greg Peters on various issues – from advertising trends and its M&A appetite amid Warner Bros. Discovery’s news that it was open to deals to AI – gave Wall Street analysts much to chew on in their earnings analysis.

Netflix posted revenue and earnings growth for its third quarter, but a dispute with tax authorities in Brazil ate into profit margins, sending the streaming giant’s stock down in Tuesday after-hours and before Wednesday’s market

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