Hilton (HLT) jumps 4% on earnings as the luxury and the high end market keeps traveling. Hilton beat by 6 cents as sales rose 8% to $3.12 billion. Hilton’s high-end properties such as LXR, Conrad and Waldorf Astoria saw strong demand. Hilton also saw a boost Internationally in Africa and the Middle East. Hilton is also optimistic that lower interest rates will help keep business strong into 2026.
Netflix (NFLX) taking a hit. The streaming giant is down 10% after missing earnings estimates and missing sales estimates even as revenue grew 17% to $11.51 billion. This was the first revenue miss in two years. Netflix did have to take a charge for changes in taxes and regulations in Brazil. Netflix did have a number of hits in the quarter including KPop Demon Hunters, Happy Gilmore and a boxing match, Canelo vs Crawford.
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