Netflix Worth More Than Disney, Paramount, Comcast, Fox Combined

Netflix Inc NFLX stock hit all-time highs Wednesday on the heels of a quarterly financial report that beat analyst estimates and saw record subscriber growth.

With the stock price gains, Netflix is now worth more than the media companies that own the four U.S. broadcast networks and several other streaming companies combined.

What Happened: Netflix reported 18.9 million net new paid subscribers in the fourth quarter, setting a new company record. The company ended the quarter with 301.6 million global paid subscribers, continuing its dominance in the streaming sector.

Along with dominating the streaming sector, Netflix is also dominating the overall entertainment sector taking time away from traditional broadcasters and cable networks.

The company is also seeing its valuation rise while other media companies have had falling stock prices over the last year.

Netflix is now worth more than the four broadcast network parent companies combined as shown below.

• CBS, owned by Paramount Global PARAPARAA: $7.4 billion
• NBC, owned by Comcast Corporation CMCSA: $141.8 billion
• FOX, owned by Fox Corporation FOXFOXA: $21.4 billion
• ABC, owned by The Walt Disney Company DIS: $197.6 billion
• Total: $368.2 billion

Compare that to Netflix's current market capitalization of $410.0 billion.

Netflix is also worth more than many of its streaming competitors combined, which includes some of the media companies listed above:

• Paramount+, owned by Paramount: $7.4 billion
• Peacock, owned by Comcast: $141.8 billion
• Tubi, owned by Fox: $21.4 billion
• Disney+, Hulu, owned by Disney: $197.6 billion
• MAX, owned by Warner Bros Discovery WBD: $24.0 billion
• The Roku Channel, owned by Roku Inc ROKU: $11.7 billion
• Total: $404 billion

Netflix is worth more than the combined market caps of the four broadcast channel owners and Warner Bros and Roku combined.

Read Also: Netflix Stock ‘Firing On All Cylinders’: 10 Analysts React To Q4 Beat, Guidance, Price Increases

Why It's Important: Outside of companies like Amazon.com Inc AMZN and Apple Inc AAPL, which own streaming platforms, Netflix is worth significantly more than its streaming and media rivals.

The other key competitor is YouTube, which is owned by Alphabet Inc GOOG GOOGL, another tech giant valued higher than Netflix.

YouTube and Netflix ranked first and second respectively for December market share for streaming according to a Nielsen report. YouTube's December market share hit a company record 11.1% in December. Netflix tied its company record with an 8.5% market share in December.

Streaming hit a market share of 43.3%, up 9% from November. Broadcast television had market share of 22.4%, cable television had market share of 23.8% and other options came in at 10.6%, according to the report.

Netflix highlighted its strong lineup of content in the fourth quarter helping subscriber growth. That lineup included NFL games on Christmas, a second season of "Squid Game" and a record-breaking boxing match between Jake Paul and Mike Tyson.

The streaming company highlighted its 2025 content slate including new seasons of "Squid Game," "Stranger Things" and "Wednesday." The company will also have several live streamed events again including at least one NFL game on Christmas along with its WWE partnership that kicked off in January.

Netflix's commanding market share and encroachment into traditional media has been going on for years and could continue well into the future.

NFLX Price Action: Netflix stock is up 10% to $959.38 on Wednesday versus a 52-week trading range of $481.40 to $999.00. The stock hit new all-time highs on Wednesday and shares traded over $1,000 in the premarket session. Netflix stock is now up 98% over the last year.

Read Next:

• Netflix Stock Has ‘Long Term Runway For Dominance In Streaming’: Analyst Highlights 4 Key Catalysts

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