Even as other media companies rethink their strategies, Netflix is ​​holding its own

of Netflix Business leaders and investors may not be enjoying soda pop after third-quarter results are announced. While the company’s earnings met expectations — though they didn’t beat them as they did First And Second quarter — Earnings were reduced by a tax dispute with Brazilian authorities. Shares of Netflix fell about 6% in extended trading stateside on Tuesday.

But no other media company looks set to dethrone Netflix as the king of streaming anytime soon. Warner Bros. Discovery said on Tuesday Open for sale — and Netflix is ​​an interested buyer — although Warner Bros. is moving on. Split into two companies Meanwhile elsewhere, of Comcast NBCUniversal is currently on is shutting down its cable networkThat includes CNBC. These moves suggest that legacy media is still finding its footing in the streaming era ushered in by Netflix.

While there are many factors that contribute to Netflix’s golden status, its shows are often the main characters. Released in June, “KPop Demon Hunters” was a hit. It’s now the company’s most-watched movie, reaching 325 million views, and certainly played a big role in Netflix’s best ad sales quarter in the third quarter. Even if the streaming giant’s earnings have stumbled during that period, Netflix is ​​still showing other media companies how it’s done.

— CNBC’s Sarah Whitten contributed to this report.

India is close to a trade deal with the US, local media reports. As part of the deal, the White House could Reduce rates to 15%-16% on New Delhi from the current 50%, according to Indian media outlet Mint on Wednesday. India may reduce oil purchases from Russia.

Netflix’s third-quarter earnings fell short of expectations. It was due to a mistake Continued disputes with Brazilian tax authoritiesThe company said. Revenue for the period was in line with estimates. Netflix is ​​added Going “all in” on artificial intelligence.

Japan’s exports rose in September. However, the 4.2% annual growthThat marked a four-month decline, falling short of the 4.6% increase expected in a Reuters poll of economists. Shipments to Asia climbed 9.2% from a year earlier, while shipments to the US fell 13.3%.

US stock trading mixed. The Dow Jones Industrial Average A record close on Tuesday On behalf of the state S&P 500However, was flat and Nasdaq Composite Decreased by 0.16%. Asia-Pacific markets traded mixed Wednesday. of South Korea Kospi Leadership gains, increasing by about 1%.

(PRO) ‘Buyback Aristocrats’ are outperforming the market. The term refers to companies that have reduced the number of shares they hold — in their portfolio — over a period of time It outperformed the equally weighted S&P 500 Since 2012, accordingly Goldman Sachs.

The era of the UK’s big conglomerates is coming to an end

Unlike in the United States, conglomerates – giant companies that own numerous businesses in various sectors – have more or less died out in Britain. It was reined in last Friday Smith GroupThe FTSE-100 The engineering company announced a major disposal as it slims down its group position.

The Smiths’ break-up marks the end of an era in which conglomerates dominated the ranks of Britain’s biggest companies. Yet traces of the old UK group are everywhere.

– Ian King

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant will become CNBC’s new parent company in Comcast’s planned spinoff of Versant.