What Netflix’s earnings beat tells us about Club holding Disney

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An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022.

Yousef Saba | Reuter

Investors in Club holding Disney (DIS) appear to have been encouraged by streaming competitor Netflix‘s (NFLX) better-than-expected third-quarter results Wednesday — a sentiment that’s not misguided, but requires some context.

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