Roku, Disney among streaming TV stocks rising in wake of Netflix's results
Justin Sullivan

Netflix's (NASDAQ:NFLX) better-than-expected second-quarter results had the residual effect of spurring a slate of share gains among companies in the streaming TV market on Wednesday.
Advances came from the Walt Disney Co. (NYSE:DIS), as the operator of Disney+, Hulu and ESPN+ saw its shares rise almost 4%. Roku (NASDAQ:ROKU), which reports its next quarterly results on July 28, was up by almost 8%, while Paramount Global (PARA) shares rose 2.6% and Warner Bros. Discovery (WBD) edged up by just under 1% as trading progressed.
For its part, Netflix (NFLX) saw its shares climb 6% after the company said on Tuesday that it lost 970,000 subscribers during the second quarter of the year. While on the surface those losses wouldn't appear to be positive, Netflix (NFLX) had previously forecast a loss of 2M subscribers for the period that ended in June. Netflix (NFLX) also said it expects to add 1M new subscribers in its current third quarter.
Speaking on a conference call to discuss Netflix's (NFLX) results, Co-Chief Executive Reed Hastings said the company's second-quarter performance was led by strong response to the latest season of its hit series Stranger Things.