According to Gary Black, NFLX has rallied above the level where he previously argued the market overreacted to a one-time Brazilian tax settlement that drove a Q3 earnings miss, implying the event should be backed out of forward models for assessment of intrinsic value and multiples, source: Gary Black on X, Oct 31, 2025. He reiterates that for dominant franchises executing on revenue, investors should exclude non-recurring items when evaluating future earnings power, applying the same framework to META after recent developments, source: Gary Black on X, Oct 31, 2025. He adds that stock splits typically signal management’s confidence in forward prospects, aligning with his constructive view on the outlook for both NFLX and META, source: Gary Black on X, Oct 31, 2025. Crypto market impact: the source provides no direct crypto linkage; any read-through would be limited to general risk sentiment cues rather than token-specific catalysts, source: Gary Black on X, Oct 31, 2025.

According to @ReutersBiz, SAP missed third-quarter revenue estimates and its US-listed shares fell about 3%, reflecting an immediate negative market reaction to the earnings headline. Source: Reuters Business tweet Oct 23, 2025 https://reut.rs/3IYsk5D. Given the documented post-2020 increase in correlations between BTC and U.S. equities, traders may monitor whether weakness in large-cap software names like SAP weighs on broader tech sentiment and indirectly on BTC and ETH risk appetite. Source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, Jan 11, 2022 https://www.imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks.

According to @business, America Movil AMX reported third-quarter net income and sales that missed analyst estimates. According to @business, the shortfall was linked to subscriber growth that fell short in the company’s home market. According to @business, the report did not cite any cryptocurrency market impact.