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.
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