Netflix Worth More Than Disney

Netflix Worth More Than Disney

Shares of streaming giant, Netflix hit another all-time high on Thursday, inching up one percent and pushing past $348 a share, thus, raising the company's total value to $153 billion.

In the process, Netflix jumped past Disney’s market cap for the first time ever, becoming the most valuable media company. On the same day, Disney (DIS), Comcast (CMCSA) and the broader market fell.

However, Disney regained top spot by the close after Netflix shares pared their gains, taking the streaming giant's market cap below $152 billion.

Netflix is still in 2nd place, now valued at about $145.5 billion and ahead of Comcast, which it passed Wednesday.

Netflix surpassed expectations for new members in the first quarter of this year - and added $3.7 billion in revenue - worldwide and now has about 125 million subscribers, as well. These rise in net income and popularity also came during a time period in which the company increased its prices.

Netflix is now getting closer to telecom and media giants AT&T and Verizon. Both companies are worth about $200 billion.