Netflix market cap surpasses Disney

Hanno Labuschagne

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Netflix market cap surpasses Disney

Walt Disney Co. shares have tumbled amid the coronavirus pandemic, and the sell-off has resulted in a smaller valuation than video-streaming company Netflix Inc., a reflection of what segments of the media ecosystem are favored in an uncertain environment.

Thus far this year, Disney shares have dropped more than 40%, compared with a gain of 9.2% in Netflix. Based on their most recent close, these moves have given Netflix a market capitalization of about $158 billion, compared with Disney’s $154.8 billion valuation.

This is not the first time the video-streaming giant has eclipsed the Mouse House in size. The last time was in March 2019, when the achievement was short lived. Prior to that, Netflix sustained a larger valuation for a few weeks in mid-2018.

[Bloomberg]
 
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