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Why Roku Stock Fell After Netflix's Earnings Report

TheMotleyFool

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Why Roku Stock Fell After Netflix's Earnings Report

By now you've heard the news: Netflix (NASDAQ: NFLX) reported a huge miss in its subscriber numbers last night, and Netflix stock is in free fall this morning -- down nearly 38% as of 10:30 a.m. ET.

That makes sense, of course. Bad news for Netflix, bad news for Netflix's stock price. But why is Roku (NASDAQ: ROKU) stock falling an unlucky 7.77% this morning on Netflix's bad news?

Image source: Getty Images.

Source Fool.com

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