Netflix Throws Down the Gauntlet With a Big Q3 Comeback: Your Move, Disney

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The world’s biggest streaming service delivered a knockout quarter, turning up the heat for rival studios. Is Hollywood’s subscriber nightmare finally over?

netflix q3 earnings vs disney q4 getty images
Disney has a tough act to follow after Netflix's fantastic Q3 results. (Getty Images)

Netflix basically just delivered a message to rival Hollywood streaming platforms: “Hold my beer.”

Wall Street is diving back into the world’s largest streamer on Wednesday after it crushed third-quarter earnings, posting better-than-expected results across the board. Profits and revenue beat analyst projections, and the number of new subscribers had investors salivating after two straight quarters of declines. The news led one entertainment industry analyst to proclaim “STREAMING IS ALIVE” as shares catapulted more than 16% in after-hours trading.

The Los Gatos, Calif.-based company roiled the streaming industry by hemorrhaging customers during the first half of the year. Now, Netflix is literally taking swipes at rivals Disney, Warner Bros.