Netflix shares fall as Brazil tax hit ends earnings streak Media Netflix’s shares dipped almost seven per cent in the wake of last night’s financial report, after the streaming giant’s strong run of quarterly earnings came to an end following a $619m (£464.8m) tax charge in Brazil dragged on third-quarter profits. The streaming giant reported a 17 per cent uptick in revenue to $11.2bn, broadly in [...]
Netflix rakes in record UK profits as cost conscious Brits choose adverts Media A rise in Brits choosing Netflix’s advertising tier helped the streaming giant rake in record profits as its UK revenue jumped towards the £2bn mark, it has been revealed. The UK arm of the US giant has reported a pre-tax profit of £63m for 2024, up from the £60.6m it achieved in 2023 – the [...]
Paul vs Tyson: The Netflix drama bout to change face of streaming Sport Business Dawn will be breaking over the London skyline on Saturday morning when Jake Paul and Mike Tyson finally get into the ring. The former Vine star Paul, 27, and Kid Dynamite himself, 58, will fight it out live on Netflix at the Dallas Cowboys’ AT&T Stadium having initially planned to touch globes in July before [...]