Why Netflix's beat-and-raise quarter is welcome news for Disney investors

What's particularly noteworthy is Strong earnings from ing king Netflix on Thursday sets the stage for Disney to shine with its results in a few weeks

On the other hand, Netflix reported an upbeat quarterly results after the bell Thursday, with revenue soaring 16% year over year, its seventh straight quarter of double-digit growth

While the results certainly keep Netflix atop the competitive ing industry, they also vide a good read-through for Disney, which has been hyper-focused on growing its ing platforms — Disney+, Hulu and ESPN+ -- as its traditional TV remains challenged

Indeed, Netflix reported "healthy member growth" — Netflix no longer discloses quarterly net member adds — ving consumers are still willing to pay for ing entertainment

In contrast, But it also found success with higher pricing for its ducts and revenue from its new ad-supported services (an important development), in light of current trends

That higher pricing is welcome news for other ers, including Disney, which has raised prices for Disney+ ad-supported and ad-free plans, as well as for its bundles which combine Disney+, Hulu and ESPN+

Furthermore, The uptick in ad revenue at Netflix demonstrates that major ing platforms Disney+ can raise prices and grow advertising income without losing rs, ving that customers are willing to pay up for premium content, and that ad-supported models can help diversify revenue s

Moreover, In related news, NBCUniversal's ing service Peacock just announced Friday that it is raising prices by $3 per month for its ad-supported and ad-free tiers (an important development)

Nevertheless, Meanwhile, The price hikes come after a surge in rs for the season of "Love Island" and in anticipation of its NBA broadcast package beginning this fall

Additionally, At the same time, (NBCUniversal is the parent company of CNBC. ) Ahead of Disney's third quarter on Aug. 6, UBS estimated double-digit earnings per growth will continue, buoyed by resilient demand at the company's theme parks and similar imvement in direct-to-consumer fitability

They note concerns that the opening of Universal's Epic theme park in Orlando appear to have been overblown, given current economic conditions

After a big move off their April lows, s have been rangebound as investors wait to hear more ing fitability imvements, the strength of its parks and experiences, and management's plan to mitigate declines in linear TV

Nevertheless, Disney is a "show-me stock," Jim Cramer said Thursday on "Squawk on the Street, in today's market environment. " "People want to see the Disney+ numbers and see that there really is a breakout because there's been so much distrust anything that's involved with linear [TV]," he said. "No one seems to get their way until they see the numbers

I think the numbers are going to come through and the stock's going to look cheap

I'm a believer. " Of course, we don't sacrifice our discipline even when we have faith that Disney will be able to move higher over time (something worth watching)

We trimmed our position on June 27 to capitalize on that big run

Now, we're waiting for earnings in a couple weeks for a

Nevertheless, Additionally, (Jim Cramer's Charitable Trust is long DIS, given current economic conditions

Nevertheless, See here for a full list of the stocks. ) As a r to the CNBC with Jim Cramer, you will receive a trade alert before Jim makes a trade

Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio

If Jim has talked a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade

Conversely, THE ABOVE INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER

NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION VIDED IN CONNECTION WITH THE

NO SPECIFIC OUTCOME OR FIT IS GUARANTEED

Why higher beef prices don't derail case for owning Texas RoadhouseJeff MarksAnalysts defend Abbott Labs' stock after Thursday's 'too punitive' sell-offNatasha Abellard10 things to watch in the stock market Friday, including earnings and merger talksJeff MarksRead More (which is quite significant).