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Netflix earnings send streaming stocks higher

In this article:
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Yahoo Finance's Brian Cheung breaks down how streaming stocks are performing.

Video Transcript

[MUSIC PLAYING]

BRIAN CHEUNG: Welcome back to Yahoo Finance. Doing a quick check on the streaming stocks this morning after Netflix reported results last night. Again, revenue up 8.6% year over year. They had a focus on cracking down on password sharing and, again, perhaps an ad-supported version of the platform. Shares up 3%, although we also want to pay attention to the other streaming stocks as well. You have MoffettNathanson saying that Netflix is slowing down content spend in an intensely competitive market.

So is the contraction in subscribers leading to blood in the water that other competitors can smell? You can see Amazon, at least for right now, up 3% off of the Prime video platform that they've really been aggressive on. And then Apple TV, I'm a personal fan of "Severance." You can see shares of Apple up 1.4%. Again, tough to attribute it exactly to Netflix, but notable movement regardless. So Akiko, again, a lot of fixation on those earnings after yesterday's--