In June, retail sales showed a slight increase in consumer discretionary spending, offering some relief for companies dependent on consumer spending. Despite reports of streaming fatigue, streaming services like Netflix, Disney+, and Roku are maintaining a strong position, showing resilience in consumer preferences.
Netflix reported 12% year-over-year revenue growth and 27% earnings per share growth in its Q1 earnings, with analysts projecting 22% earnings growth for the year. Disney’s stock rose over 43% in three months, bolstered by its streaming profits, while Roku’s stock is up 55% during the same period, though it lacks profitability. Upcoming earnings reports for these companies will be crucial for investors to gauge their standing in the streaming market.
