Netflix stole many headlines in the entertainment space in late April after it posted its first subscriber
loss in an earnings report in a decade. While Netflix remains a giant in the streaming space, it has faced
rising in recent years. This has included the debut of streaming platforms from Disney (NYSE:DIS) and Apple (NASDAQ:AAPL), both of which have delivered strong early successes. Which stock is the better buy today? Let’s take a quick look.
Shares of Disney have dropped 26% in 2022 as of close on April 28. The stock is down 37% year over
year. Disney blew out its competition in the streaming space as Disney+ added 11.8 million new
subscribers in the first quarter of 2022. This beat analyst expectations. Disney+ is on track to reach 230
to 260 million subscribers by 2024.
Apple reported its second quarter 2022 earnings on April 28. Apple services, which includes Apple
Music, Apple TV+, Apple Arcade, and other platforms, saw its total subscribers climb to 825 million. This
represented 25% growth from the previous year.
Both companies delivered very solid revenue growth in their recent quarterly report. Shares of Disney
are trading in favourable value territory compared to its peers at the time of this writing. Meanwhile,
Apple offers an attractive price-to-earnings ratio of 27 in the tech space. I’m more inclined to snatch up
Apple at the time of this writing as Disney’s businesses are still recovering from the pandemic.
Moreover, it is locked in a potentially damaging political struggle in Florida.