Shares of Netflix are surging thanks to gains in the Nasdaq and success of its new series "Wednesday."
(Bloomberg) -- Netflix Inc.’s turnaround plan is winning over investors, who have turned one of the worst-performing stocks early this year into one of the best in the second half. Most Read from BloombergMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsAn Arizona County’s Refusal to Certify Election Results Could Cost GOP a House SeatScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceFTX Missing Billions Remain Mystery After Bankman-Fried GrillingNew York, Singa
When it comes to streaming companies, there are perhaps no bigger giants than Walt Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX). Walt Disney has had some bumpy few weeks. The company recently reported fourth-quarter 2022 results that saw it miss analyst expectations, and its streaming operation -- which includes Disney+, Hulu, and ESPN+ -- recorded losses of $1.5 billion, more than twice as much for the same period in 2021.