Stock Movers Netflix Earnings; Texas Instruments Slides; Beyond Meat Meme Frenzy
Oct 22, 2025
AT&T sees unexpected subscriber growth but misses revenue targets, while Netflix struggles with a $600 million tax dispute impacting earnings. Texas Instruments faces a bleak outlook amid customer hesitation due to trade tensions. Mattel's sales decline stems from uncertainty surrounding tariffs, raising concerns for future recovery. In a surprising twist, Beyond Meat skyrockets amid a meme stock frenzy, fueled by increased distribution at Walmart, marking a staggering rally.
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AT&T Adds Subscribers Amid Promotions
- AT&T beat subscriber expectations despite slightly missing revenue and affirmed full-year EPS in the upper guidance range.
- The strong subscriber additions followed a heavy promotional push and set a positive tone ahead of other carriers' reports.
Brazil Tax Hit Dented Netflix Results
- Netflix took a $600 million charge from a Brazil tax dispute that reduced operating income and shares fell about 6.5%.
- Management called it a one-off, highlighted record engagement, and dismissed AI-generated video as a major threat to streaming.
TI Outlook Signals Chip Demand Weakness
- Texas Instruments gave a weaker-than-expected outlook and flagged customers delaying orders amid tariff uncertainty.
- The slowdown hit autos and China exposure, deepening concerns about the analog chip recovery.