For only the second time ever, Netflix is worth more than Disney. But this time, it could stay that way for awhile.
Netflix’s stock surged to an all-time high yesterday, putting the streaming service’s market capitalization at $187.3 billion. Disney’s market cap, meanwhile, has plummeted in the last two months as the coronavirus pandemic ravages its movies and parks businesses.
In February, the Mouse House was valued at more than $250 billion. As of yesterday, its market cap was $186.5 billion, slightly lower than Netflix’s: