Netflix market cap surpasses Disney

Hanno Labuschagne

Staff member
Super Moderator
Sep 2, 2019
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.