Shares of Netflix were up 4.8% after a very bullish earnings preview from analyst firm Cowen & Co.
The stock reached another all-time high yesterday, having posted a market-beating gain of 11% in the last three months.
Due to content creation expenses, Disney doesn’t expect to begin turning a profit on Disney+ just yet.
The company’s primary focus is adding subscribers as we step into Q4, will it take Netflix’s crown? Timestamps:
- NFLX 02:00
- DIS 03:00