Netflix tops $100bn valuation - and overtakes Goldman Sachs

In Depth: the view from inside the ‘runaway train’ streaming service challenging Disney and Amazon

Netflix
Netflix has almost 118 million subscribers worldwide
(Image credit: Getty Images)

Netflix’s stock market value topped $100bn (£70.5bn) for the first time this week, catapulting it above Goldmans Sachs and other masters of the financial universe.

The online media company reached a market capitalisation of $108.31bn (£76.4bn) on Monday, surpassing banking giant Goldman Sachs’s $98.11bn (£69.21bn), according to the Financial Express.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us