By Leo Marchandon March 3 (Reuters) - Banijay Group and All3Media, owned by investment firm RedBird IMI, have agreed to merge their entertainment production businesses to ‌create one of Europe's largest multimedia production groups, the companies said on ‌Tuesday. Banijay is the producer of TV drama "Peaky Blinders" and the "Big Brother" franchise, while All3Media's productions include "The Traitors" and "Squid ​Game: The Challenge". The combined entity would have generated 2024 combined pro forma rev ...

Core Insights - Netflix reported disappointing third-quarter 2025 results, missing earnings and revenue expectations, leading to a more than 10% drop in share prices [1][4] - Despite the quarterly miss, Netflix experienced year-over-year growth in revenue across all regions, driven by successful content releases [5][6] Q3 Performance Analysis - Earnings missed the Zacks Consensus Estimate by 14.8%, while revenues lagged slightly by 0.1% [4] - A one-time expense of $619 million related to a dispute with Brazilian tax authorities was the primary reason for the earnings miss [4] - Year-over-year, Netflix's Q3 results showed improvement in both earnings and revenues [4] Regional Revenue Growth - Netflix achieved double-digit revenue growth year-over-year in all regions: UCAN, EMEA, Latin America, and Asia-Pacific [5] - The animated film "KPop Demon Hunters" became Netflix's most popular film with over 325 million views [5] - Other successful content included the British political thriller "Hostage" and the South Korean drama "Bon Appétit, Your Majesty" [6] Future Outlook - Netflix is optimistic about Q4 2025, with a strong lineup of content including the final season of "Stranger Things" and new series [7] - The company expects Q4 revenues of $11.96 billion, reflecting a 16.7% year-over-year growth [8] Full-Year Guidance - For full-year 2025, Netflix anticipates revenues of $45.1 billion, slightly above previous guidance [9] - The free cash flow forecast for 2025 is approximately $9 billion, an increase from prior estimates [9] ETF Investment Opportunities - Several ETFs provide exposure to Netflix, including: - First Trust Dow Jones Internet Index Fund (FDN) with $7.68 billion in assets and a 9.84% share of Netflix [12] - FT Vest Dow Jones Internet & Target Income ETF (FDND) with $9.4 million in assets, also holding 9.84% of Netflix [13] - MicroSectors FANG+ ETN (FNGS) with $531 million in assets, holding 10.1% of Netflix [14] - Communication Services Select Sector SPDR Fund (XLC) with $26.68 billion in assets, holding 7.14% of Netflix [15] - Invesco Next Gen Media and Gaming ETF (GGME) with $63.98 million in assets, holding 8.05% of Netflix [16]