Audrey Nuna, EJAE and Rei Ami attend the KPop Demon Hunters Particular Screening at Netflix Tudum Theater on June 16, 2025 in Los Angeles, California., U.S.
Charley Gallay | Getty Pictures Leisure | Getty Pictures
Netflix’s enterprise leaders and buyers most likely aren’t having fun with a soda pop after the discharge of its third-quarter outcomes. Whereas the corporate’s income met expectations — although not beating them because it did the first and second quarters — earnings have been taken down by a tax dispute with Brazilian authorities. Shares of Netflix fell round 6% in prolonged buying and selling Tuesday stateside.
However it would not seem like some other media firm will dethrone Netflix because the king of streaming within the close to time period. Warner Bros. Discovery stated Tuesday it is open to a sale — and Netflix is reportedly an purchaser — whilst Warner Bros. goes forward with its split into two companies within the meantime. Elsewhere, Comcast’s NBCUniversal is at present spinning off its cable networks, which incorporates CNBC. These strikes recommend that legacy media remains to be discovering its footing amid the period of streaming inaugurated by Netflix.
Whereas there are a lot of elements contributing to Netflix’s golden standing, its reveals are probably the principle protagonists. “KPop Demon Hunters,” launched in June, was a smash hit. It is now the corporate’s most-watched movie, hitting 325 million views and absolutely performed an enormous position in Netflix’s greatest advert gross sales quarter ever within the third quarter. Even because the streaming large’s earnings stumbled throughout that interval, Netflix remains to be displaying different media corporations the way it’s executed.
— CNBC’s Sarah Whitten contributed to this report.
What you might want to know right this moment
And at last…
UK gold bullion bars are stacked at Baird & Co in Hatton Backyard in London, Britain, Oct. 8, 2025.
Hiba Kola | Reuters
Gold is getting knocked on Tuesday – it’s still the hottest trade of the year
Valuable metals have gained in 2025 because of issues round world commerce, expectations of Federal Reserve price cuts and a drop within the U.S. greenback. However the dimension of these returns is uncommon for gold and silver, particularly when the inventory market is doing effectively.
Buyers are seeing them as a scarce asset because the “currency debasement” trade positive aspects momentum on Wall Road. This commerce refers to buyers hedging in opposition to authorities borrowing and cash printing, lessening the U.S. greenback’s worth by transferring into gold and different property.
— Sean Conlon
Disclosure: Comcast is the guardian firm of NBCUniversal, which owns CNBC. Versant would develop into the brand new guardian firm of CNBC upon Comcast’s deliberate spinoff of Versant.
