Tag: Brazil

BusinessInnovation

Netflix Shares Drop After Earnings Miss, Breaking Profit Streak Amid Brazil Tax Dispute

Netflix reported a surprise earnings miss in Q3, ending a six-quarter profit streak. The company cited a $619 million Brazil tax expense, but shares dropped 6% in extended trading as analysts questioned underlying growth trends.

Earnings Shortfall and Market Reaction

Netflix shares reportedly fell approximately 6% in extended trading after the streaming giant announced third-quarter results that missed earnings expectations, according to company reports. The decline followed Netflix’s first earnings miss in six quarters, which sources indicate was primarily attributed to a $619 million expense tied to a tax dispute in Brazil. Despite revenue matching analyst forecasts at $11.5 billion, the earnings per share of $5.87 fell short of the $6.96 projection.

by Nathan Cole
Energy PolicySustainability

COP30 Agenda: Climate Finance, Emissions Targets & Amazon Protection in Focus

As the Paris Agreement reaches its 10th anniversary, COP30 convenes in the Amazon-facing city of Belem with critical agenda items including inadequate emissions pledges, contentious climate finance negotiations, and innovative forest protection initiatives. The summit represents a pivotal moment for global climate action amid record deforestation and funding gaps.

As the United Nations Climate Change conference COP30 prepares to convene in November 2025, this landmark summit marks a decade since the historic Paris Agreement and takes place in the environmentally significant Amazon region. Unlike recent climate conferences with single thematic focuses, COP30 presents a multifaceted agenda addressing the interconnected challenges of inadequate emissions reductions, insufficient climate financing, and urgent forest conservation needs.

The Emissions Gap: Assessing National Climate Pledges

by Nathan Cole