Netflix is still riding high off of its “beautiful” fourth-quarter earnings report in January. The company added two million more streaming subscribers than expected, and Wall Street responded. Its stock is up 42 percent since then and is now worth about $140 billion.
Netflix is worth more than GE or Ford, and it’s creeping up on Disney
Here’s how Netflix’s market cap has changed since the beginning of 2017.
Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
Netflix has now overtaken McDonald’s and General Electric in market value. It’s edging up on IBM. More importantly, it’s nearing the value of some of its toughest competitors, like Disney and Comcast. Netflix surpassed Time Warner in 2017 and it’s long been worth more than CBS or Viacom.
The Disney comparison is significant since Disney is trying to create its own array of streaming services. Disney also owns a 30 percent stake in Netflix competitor Hulu. After its multiyear contract with Netflix is up, Disney is likely to pull Marvel and Lucasfilm content from Netflix.
Here’s how Netflix’s market cap has changed since the beginning of 2017:
This article originally appeared on Recode.net.
