Why Disney And Roku Shares Are Rising Following Netflix’s Earnings Report
Several notable names in the streaming and entertainment sector, includingWalt Disney CoDIS andRoku IncROKU , are trading higher in sympathy withNetflix IncNFLX during Tuesday's after-hours session after the companyreportedbetter-than-expected third-quarter results and reported global streaming paid net additions of 2.41 million. Global streaming paid memberships grew 4.5% year over year.
What Happened?
Netflix reported third-quarter revenue of $7.93 billion, up 5.9% year-over-year. The total came in ahead of a Street estimate of $7.84 billion, according to data fromBenzinga Pro.
The company posted third-quarter earnings per share of $3.10, beating a Street estimate of $2.13…Read More
See Also:Netflix Q3 Earnings Highlights: Revenue, Subscribers Beat Estimates, Company Throws Shade At Streaming Rivals
According to data fromBenzinga Pro, Disney is trading higher by 2.36% at $100.80 in Tuesday's after-hours session. Roku is trading higher by 4.17% at $55.45.
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2021524839-bcee0315df4d4381a522f697afb6b0e0.jpg "<div>The 'Rule of 10' For Finding the Next Stock Market Winners</div>")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1577052076-7119b9f1fd184b49860aa96f3a928774.jpg "How Much Mortgage Can I Afford?")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-486294093-d27f5435fd6b42d5ad8cbce6fb6a80a0.jpg "<div>Warren Buffett's Worst Deal Ever Cost .87B—Here's What You Can Learn From It</div>")
:max_bytes(150000):strip_icc():format(jpeg)/senioryoga-58cfb4203df78c3c4fe0f9b2.jpg "Can Snowbirds Have 2 Reverse Mortgages?")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-840610244-0ee2802369f44cd1a5a0f1ae800bf770.jpg "Are Mortgage-Backed Securities Guaranteed?")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1369766023-7864013370844d9b871df98ea6e40aaf.jpg "Exploring the Pros and Cons of Investing in Crypto ETFs")