Netflix stock dropped 10% on an earnings miss. Here's why smart investors might see the drop as a buying opportunity.

Looking ahead, the company expects momentum to continue. Netflix guided for 2025 revenue of roughly $45.1 billion, or about 16% growth. However, it reduced its 2025 operating margin outlook to about 29%, down from 30% previously, reflecting the Brazil expense.

Netflix Inc. (NFLX.O) missed Wall Street's third-quarter profit projections due to an unexpected tax bill in Brazil.

Netflix, Inc. stock dropped after a Brazilian tax expense hit margins, but revenue and engagement remain strong. Click for more on NFLX Q3 earnings.

Analysts stuck to ratings and share price targets after a Brazil tax dispute hit the bottom line and stock price, with some waiting for year-end results, while at least one tells investors to "buy the dip.