As recently as April 24, Netflix’s listed market value was $138.3 billion, with trends pointing toward Netflix potentially becoming worth more than Disney in the not-too-distant future despite the fact that the streaming service is slated to spend an incredible $8 billion and increase its debt in 2018.
Despite the stock turnout on June 25, Netflix doesn’t need to start panicking.
Netflix has already had a meteoric year in the market, with stock reportedly rising 100%.
Unless the stock drop turns around, the dream of overtaking Disney may not come true any time soon.