Netflix shares dropped seven percent in extended trading Wednesday after the company posted a third-quarter earnings miss after the bell Tuesday.

A continuing $600 million dispute with Brazilian tax authorities has been cited for the weaker-than-estimated results. The dip also comes amid ongoing backlash by viewers and users over transgender content promoted for children by the streaming giant.

Elon Musk for one has taken took to X to urge the public to cancel their Netflix subscriptions “for the health” of their children.

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

The Guardian overview of the results outcome pointed to ot

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