Netflix is worth more than Disney thanks to coronavirus

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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…

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:

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