Netflix reported third-quarter earnings that missed expectations, leading to a decline in its stock price. The shortfall was attributed to an unexpected tax dispute in Brazil, prompting the company to lower its full-year operating profit margin forecast from 30% to 29%. Despite a 15.2% increase in revenue to $11.75 billion compared to the previous year, the results have raised concerns about Netflix's international operations and profitability. The company's stock price fell to $1,203.29 as investors reacted to the regulatory challenges in Brazil, a key market for Netflix. The earnings miss and revised profit margin forecast have sparked worries about the streaming giant's ability to navigate international regulatory environments effectively.