How quickly things can change!

Magic Kingdom fireworks

These are crazy times, indeed! Just yesterday, we reported that Netflix had surpassed The Walt Disney Company in value. But, thanks to some recent developments, Disney saw its stock price rebound today.

The current shutdowns have had a major financial impact on The Walt Disney Company. This news doesn’t come as a surprise since 34% of the company revenue comes from Parks & Resorts. In contrast, companies that don’t rely on in-person entertainment, like Netflix, have seen their value increase. In fact, on April 16th, Forbes reported that the market value of Netflix ($194 billion) had surpassed that of The Walt Disney Company ($184 billion).

Monorail at Disney World

But recent developments have given Disney a boost! According to Variety, the announcement of new federal guidelines that set a timetable for reopening large venues (including theaters and theme parks) encouraged investors. In fact, Disney’s share price rose 4.5% on Friday, closing at a 38-day high of $106.63. This boosted Disney’s market capitalization to over $192 billion.

Mickey Mouse

In contrast, Netflix’s share price dropped 3.7% on Friday, which reduced their market cap to $185.6 billion. And so, Netflix ended its brief stretch of being valued higher than Disney.

Walt Disney World

Despite the news, it could still be months until Disney sees the benefit of reopening of public spaces. In fact, BMO Capital analyst, Dan Salmon, said he doesn’t expect Disney’s theme parks to begin reopening before July 1. Netflix will release its first quarter earnings on April 21st, while Disney will report its quarterly earnings on May 5th. We’ll keep an eye out for how this info affects the value of each company!

Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!

Don't Miss Out on Any Disney Fun!

Order Your Copy of the 2021 DFB Guide to Walt Disney World Dining Today!

With more than 750 pages, the 2021 DFB Guide to Walt Disney World Dining is full of tips and planning tools developed by Disney World experts over 30+ years of visits. We've done the research for you, so you'll know just which spots will uniquely suit your family's needs!

With mini-reviews of every single restaurant, bar, lounge, kiosk and more; an entire chapter on the best snacks in Disney World; full Disney Dining Plan analysis (and how to get FREE dining); and a full chapter on discounts and deals; you'll have everything you need to plan your best vacation yet.

Click here to order your copy of the 2021 DFB Guide to Walt Disney World Dining E-book with code WDW2021 to save 25% off the cover price today!

Use code WDW2021 at check-out for 25% off the cover price today!

Our guides are backed by a 100% money-back guarantee, so you have nothing to lose. 🙂

Do you think Netflix will pass Disney in value again? Let us know in the comments!