Netflix Is Now Worth More Than Disney Eddie Makuch At least for the time being, Netflix is worth more than Disney when it comes to stock price and overall value based on shares. Thanks to surging stock prices for Netflix as people stay home, the streaming company's total market capitalization reached $187.3 billion. This is just ahead of Disney's $186.6 billion valuation, according to numbers crunched by Variety. Unlike Netflix, Disney's share price has tumbled in recent weeks as the company has closed its theme parks and shut down its cruise lines. Disney's ESPN has also struggled as live sports are no longer taking place due to COVID-19 concerns With more people at home, Netflix is expected to post subscriber gains when it reports earnings next on April 21. Netflix predicted 7 million new subscribers during the period, but this forecast came before the coronavirus outbreak, so the actual number might be higher. Continue Reading at GameSpot https://ift.tt/eA8V8J

At least for the time being, Netflix is worth more than Disney when it comes to stock price and overall value based on shares. Thanks to surging stock prices for Netflix as people stay home, the streaming company's total market capitalization reached $187.3 billion.

This is just ahead of Disney's $186.6 billion valuation, according to numbers crunched by Variety. Unlike Netflix, Disney's share price has tumbled in recent weeks as the company has closed its theme parks and shut down its cruise lines. Disney's ESPN has also struggled as live sports are no longer taking place due to COVID-19 concerns

With more people at home, Netflix is expected to post subscriber gains when it reports earnings next on April 21. Netflix predicted 7 million new subscribers during the period, but this forecast came before the coronavirus outbreak, so the actual number might be higher.

Continue Reading at GameSpot

from GameSpot - All News https://ift.tt/34Dz1RM