How these two US streaming stocks are faring in January?

January 17, 2023 10:18 PM AEDT | By Mridul Gogoi

How these two US streaming stocks are faring in January? — Image source: © Albo | Megapixl.com

Netflix Inc. (NASDAQ:NFLX)

Netflix, Inc. is a US subscription video-on-demand OTT streaming service and production company based out of Los Gatos, California. The OTT behemoth Netflix drew around 2.41 million subscribers in the third quarter of 2022.

The company said its net income plunged to US$ 1.39 billion in the third quarter of 2022 due to the appreciation of the US dollar. In Q3 2021, the net income was US$ 1.44 billion.

Netflix recently mentioned that it will crack down on password sharing in 2023, as it affects their business badly. It will introduce the creation of sub-accounts. It is anticipating net addition to touch 4.5 million in the last quarter of 2022 with a revenue expectation of US$ 7.8 billion.

Netflix achieved a revenue of US$ 7.92 billion in Q3 2022, compared to US$ 7.48 billion in the same period in 2021.

The NFLX stock surged over 4.62 per cent in the last five days.

Netflix Q3 revenue and net income (2022 v 2021) Source: ©Kalkine Media®; © Canva via Canva.com

Walt Disney Company (NYSE:DIS) Popularly known as Disney, Walt Disney Company is a US multinational mass media and entertainment company based out of the Walt Disney Studios complex in Burbank, California.

Walt Disney’s fourth quarter 2022 revenue was US$ 20,150 million compared to US$ 18,534 million in the year-ago quarter. It is a nine per cent growth from the last year’s quarter.

Meanwhile, the company’s net income from continuing operations in Q4 2022 was US$ 162 million versus US$ 160 million in the corresponding quarter in 2021. Walt Disney registered a free cash flow of US$ 1,376 million in the three months that ended on October 1, 2022, compared to US$ 1,522 million in the same period a year earlier.

The DIS stock climbed over 6.2 per cent in the past five days.

Bottom line:

In a bearish market, do your stock analysis carefully and do not put bets on any stock until you are very sure. You can take the long-term strategy and diversify your portfolio to deal with the market volatility.

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