Media stocks pop as Roku rally lifts the sector
Publishing timestamp: 2023-11-02 16:22:44
Summary
The article discusses how media stocks experienced a boost after Roku's strong performance in the third quarter. Roku reported positive trends in content distribution, advertising, and uptake of its Roku-branded TVs. The increased usership of Roku provides more access points for subscribers to various streaming services. Other media companies such as Paramount, Warner Bros. Discovery, Disney, Netflix, and Comcast also saw positive stock movements. The article highlights the positive results in the streaming industry after a period of uncertain subscriber growth.
Sentiment: POSITIVE
Tickers: CMCSA, ROKU, NFLX, WBD, PARA, DIS,
Keywords: business news, comcast corp, internet, media, netflix inc, warner bros discovery inc, breaking news, earnings, breaking news: business, paramount global, entertainment, walt disney co, roku inc, business,
Source: https://www.cnbc.com/2023/11/02/media-stocks-pop-as-roku-rally-lifts-the-sector.html