Can someone help me understand why Netflix (market capitalization of $381B) is worth more than Disney (market cap $202B)? They both have streaming services but Disney also has its theme parks, hotels, cruise ships, all of its media groups (espn, abc, fox, Pixar, Nat geo, fx), all of its franchises (Marvel studios, Lucasfilm), all the merchandise it sells and a bunch of other stuff I’m missing. What makes Netflix with its 13k employees more valuable than Disney with its 225k employees. I never understood why so please help me understand. Tia.
I recently saw Netflix analyst upgrade and I looked at the market cap of 300 billion+. Is it really worth that much? I know they recently increased prices and they increased kdrama in their catalog but was there anything else? They aren't going to report about subscriber numbers anymore either. Another thing I noticed is that most entertainment companies had a negative or relatively low ytd increase, just Netflix was the outlier and had the highest one with 48%+. Anyone have any thoughts as to why it's valued so highly?