The media advertising sector performed well today.
$Reddit(RDDT.US) led the way, rising nearly six points, while $Tencent Music(TME.US) and $Bilibili(BILI.US) saw modest gains of two to three points. $Disney(DIS.US) barely moved.
$Reddit(RDDT.US) is driven by the AI data licensing narrative and institutional portfolio rebalancing at quarter-end. The flow of funds back into the streaming media side is uneven. $Tencent Music(TME.US) and $Bilibili(BILI.US) are riding the recovery of the broader China concept stock market, while $Disney(DIS.US) is more or less moving sideways.
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