The misfortune of some makes the happiness of others … In these troubled times of general confinement due to the pandemic linked to the Covid-19, the streaming giant Netflix is clearly doing well on the stock market. According to Variety, which reports the news, the firm’s share price has soared, to the point of once again exceeding Disney’s market capitalization. Netflix set a new record this Wednesday by reaching a market capitalization of $ 186.6 billion, ahead of the $ 184 billion of Mickey’s empire. Registering a 3.2% jump, the share price reached $ 426.75.
You have to go back to 2018 to see such figures. By July 9 of that year, the action had climbed to $ 418.97. Analysts are also very optimistic about this value of containment par excellence, and believe that its price should even increase significantly. The cabinet Pivotol Research Group, cited by Variety, had evaluated the value of the Netflix share in a range between $ 425 and $ 490: “We think that the unfortunate situation linked to covid-19 is cementing Netflix’s dominant position, in part thanks to the increase in content and its subscriber base”. During the first three months of the year, Netflix thus gained 7.1 million new subscribers.
Netflix has weathered the storm very well and has appreciated 14.5% since the start of the year. In early April, the capitalization of the former subscription DVD rental service caught up with that of the world’s number one entertainment company, Disney, and reached $ 162 billion. The upward curve of Netflix does not seem ready to stop.