What Netflix’s earnings beat tells us one thing in regards to the membership that holds Disney

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

Yousef Saba | reuters

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

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