The Netflix Effect

Streamers make jumps in wake of Netflix strength

Oct. 16, 2018 5:17 PM ET|By: Jason Aycock, SA News Editor

Other streamers are up in the wake of strong subscription growth reported at Netflix, which has driven that company's shares up nearly 12% at this point in postmarket action.

Roku (NASDAQ:ROKU) has jumped 3.7% after hours, and Spotify (NYSE:SPOT) is up 2.6% postmarket, in what could be rebound confidence after a tough previous quarter for streaming media.

IQiyi (NASDAQ:IQ) is on the move, up 3.6%; YY and Momo have lesser moves, YY +0.6% and MOMO +0.7%. Huya Broadcasting (NYSE:HUYA) is up 0.3%. Bilibili (NASDAQ:BILI) is up 1%.