[MuffinFlavored]

from reddit

> I got this somewhere on the internet:

While revenue was up 1.9% year over year, the company’s profit for Q4 came in well bellow Netflix’s own projection of 36 cents per share. The streamer attributed that to “a $462 million non-cash unrealized loss from the F/X remeasurement on our Euro denominated debt as a result of the depreciation of the U.S. dollar vs. the Euro during Q4 ’22.”

So investors probably aren't attributing the earnings miss to anything NFLX did wrong. They just got FX-d. Happens sometimes especially lately with currencies all over the charts.