Top Streaming Stocks Worth Checking Out Right Now
Streaming services are taking the world by storm and will probably continue to flourish in the coming years. In light of this, streaming stocks would naturally be one of the hottest stocks to watch among investors in the stock market now. In today’s world, streaming services are accessible to almost anyone and anywhere. It is easy to understand why people who have internet access would prefer streaming rather than cable television (TV). For starters, you could stream your favorite content, music, podcasts, or even games at any given time.
In fact, even tech giants such as Apple (NASDAQ: AAPL) are exploring the streaming space and with good success. Apple’s “Ted Lasso” was honored with seven awards and Apple TV+ earned 11 Emmy Awards across five programs. This is an impressive feat for the company as it becomes the first streaming service in history to land the top program award within its second year of eligibility. Undoubtedly, the industry is highly competitive but some will argue that it would only bring the best out of each company to bring the best streaming services available to its customers. With all said and done, here is a list of some of the top streaming stocks in the stock market today.
Best Streaming Stocks To Watch Before October 2021
First up, we have the streaming giant, Netflix. Essentially, the company is a provider of subscription streaming entertainment services. It now boasts more than 200 million paid subscribers in over 190 countries. Its members could access its content from any Internet-connected device, including televisions, digital video players, and mobile devices. Well, you could say that the company is one of the pioneers in cord-cutting trends as streaming services gradually replace cable television.
On Wednesday, the company announced that it will be joining forces with Roald Dahl Story Company (RDSC). This acquisition builds on the partnership that started three years ago to create a slate of animated TV series. Some of the notable additions to Netflix’s portfolio would include Matilda, The BFG, Willy Wonka, and many more. Moving forward, the company will have the opportunity to expand on some of these childhood classics by RDSC to bring more content for generations to come.
Zooming in, the company also boasts strong financials. Back in July, it reported its second-quarter earnings. The company’s quarterly revenue increased by 19% year-over-year to $7.3 billion. Meanwhile, it finished the quarter with 209 million paid subscribers, growing by 8.4% compared to the prior year’s quarter. The company has announced that it will be releasing its third-quarter financial update on October 19. With that in mind, would you add NFLX stock to your portfolio?
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Following that, we will be looking at fuboTV. In detail, the company specializes in live sports streaming. It offers a wide variety of premium content, interactivity, and integrated wagering. The company leverages its proprietary data and technology platform that is optimized for live TV and sports viewership. Given the rising adoption of streaming services today, it wouldn’t be surprising that investors are keeping tabs on the company.
Earlier this month, the company along with ROOT SPORTS announced a distribution agreement. Through the deal, fuboTV will stream its extensive coverage of Northwest professional sports. This includes over 300 live regular-season games of the Seattle Mariners, Seattle Kraken, and Portland Trail Blazers. Hence, the addition of ROOT SPORTS would further strengthen the company’s sports offerings.
Not to mention, fuboTV will also be bringing live and on-demand sports, news, and entertainment to Vizio’s (NYSE: VZIO) SmartCast. With a subscription to fuboTV, SmartCast users can enjoy streaming tens of thousands of live sporting events annually as well as leading news and entertainment content. Evidently, fuboTV is determined to be at the forefront to provide the best sports content available. All things considered, would you consider FUBO stock a top streaming stock to watch?
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Roku is a company that operates a television streaming platform. For those unfamiliar, Roku provides both the software and hardware needed for consumers to stream digital content. By acting as the medium between consumers and its peers in the streaming space, Roku continues to grow. Channels that can be found on its platform include CBS News, HBO Now, Hulu, Netflix, and many more.
On Tuesday, the company announced that it is launching a new app that will allow Shopify (NYSE: SHOP) merchants to have access to TV streaming advertising campaigns. Roku’s addition to Shopify’s marketing solutions will make it the first-ever TV streaming app available in the Shopify App Store. Therefore, small and medium-sized businesses will be able to build stronger brands and grow their businesses through TV advertising.
On top of that, Roku has also recently announced the expansion of its Canadian TV advertising offering. The company introduced OneView advertising platform, a platform that provides advertisers with a self-serve platform, leveraging TV identity data from the Roku streaming platform. So, advertisers can now manage their advertisements across TV streaming, desktop, and mobile campaigns. Safe to say, the company is pushing hard in the advertising end that has proven to be an attractive revenue stream. Given these recent developments, do you have ROKU stock on your watchlist?
To sum up the list, we will be looking at the media and tech company, AT&T. Most would know the company as a telecommunication company that provides wireless, video, and broadband services to consumers. However, the company also has the WarnerMedia segment that develops, produces, and distributes films, television, and other content.
Up to this point, people residing in Europe had no access to the company’s HBO Max streaming services. That said, this is changing as AT&T will be launching HBO Max in Europe on October 26. The first countries where it will be made available include Sweden, Denmark, Norway, Finland, Spain, and Andorra. The company expects the launch to be a hit as it will provide iconic content from Warner Bros, HBO, DC, Cartoon Network, and even local productions.
While the streaming industry is highly competitive, HBO Max offers a list of content that has a strong fan base. We have fans of Harry Potter, Game of Thrones, DC Comics, and the list goes on, all around the world. These are some of the most iconic shows that are widely consumed by fans over the past decade. So, it shouldn’t come as a surprise that investors are excited about the company’s recent developments. Now, does this put T stock back on the map for you?