Netflix hits a record high, passes Disney in size (NFLX)


Netflix shares hit an all-time high early Thursday, and in the process the company edged past Disney in terms of market cap.

Shares touched an all-time high of $346.73, giving Netflix a market cap of approximately $151.43 billion. Disney's market cap is roughly $151.36 billion.  

The streaming-video giant has seen momentum as of late, propelled by its first-quarter earnings report. Although revenue and earnings-per-share were in line with Wall Street expectations, subscriber growth blew past estimates. The company added 7.41 million subscribers in the US and internationally — its biggest total for Q1.

RELATED: Books to movies 2018

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Books to movies 2018

Annihilation: A Novel (The Southern Reach Trilogy) by Jeff VanderMeer, $11.67

Staring Natalie Portman, this sci-fi film opens on February 23rd -- buy movie tickets here!

BUY IT

Every Day by David Levithan, $8.78

Watch two teens fall more in love every day -- with a major twist -- on February 23rd. Buy movie tickets here!

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Red Sparrow: A Novel by Jason Matthews, $11.90

Watch Jennifer Lawrence kick butt in this secret-agent-esque film that opens on March 2nd -- buy movie tickets here!

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A Wrinkle in Time by Madeleine L'Engle, $4.99

Watch Reese Witherspoon, Oprah and Mindy Kaling bring this children's book to life on March 9th -- buy movie tickets here!

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Simon vs. the Homo Sapiens Agenda by Becky Albertailli, $6.69

Head to theaters on March 16th to see Nick Robinson deal with love and sexuality in Love, Simon inspired by this young adult novel. Buy movie tickets here.

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Ready Player One: A Novel by Ernest Cline, $9.82

Video game lovers will want to be front row for this sci-fi movie that opens on March 30th -- buy movie tickets here

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The Darkest Minds by Alexandra Bracken, $8

See this sci-fi, post-apocalyptic film -- starting Mandy Moore and Amandla Stenberg-- in theaters on August 3rd.

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Crazy Rich Asians by Kevin Kwan, $12

This comedy centered around Chinese families is sure to make you laugh out loud -- see it on August 17th.

BUY IT

First Man: The Life of Neil A. Armstrong by James R. Hansen, $10.14

Get a peek into the life of the first man to walk on the moon -- portrayed by Ryan Gosling -- on October 12th.

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Where'd You Go, Bernadette: A Novel by Maria Semple, $8.78

See Cate Blanchett star as Bernadette in this comedy that opens on October 19th.

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My Heart is My Own: The Life of Mary Queen of Scots by John Guy, $2.90

Watch Margot Robbie and Saoirse Ronan bring these legendary royals to life on November 2nd.

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The Girl in the Spider's Web by David Lagercrantz, $4.87

Catch up with Lisbeth Salander in this intense movie that opens on November 9th.

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The Bell Jar by Sylvia Plath, $14.21

This classic story will star Dakota Fanning and Jesse Plemons -- see it this year (date TBD).

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The Black Hand by Stephan Talty, $15.99

Leonardo DiCaprio takes on the Italian-American gang in this movie out later this year -- date TBD. 

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To All the Boys I've Loved Before by Jenny Han, $8.79

When secret love letters are exposed, a teenage girl's life changes -- see it in theaters later this year. Release date TBD.

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International growth has been an area investors have hung their hat on recently, and all the signs seem to be pointing to Netflix maintaining its dominance as it expands globally. Morgan Stanley data shows there's much more room for international growth, which the company has just begun to tap into. 

Netflix has said it will spend $8 billion on content this year and expects its cash burn to rise to $3 billion-$4 billion.

Netflix is up 72.66% this year, far outpacing 0.72% gain of S&P 500.

Screen Shot 2018 05 24 at 10.25.48 AMMarkets Insider

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