Netflix growth now puts it at $39.21 / €34.83 billion

Jun 11, 2015 11:03 GMT  ·  By

Taking into consideration how the stock market closed yesterday, Netflix is for the first time in its history worth more than Yahoo, being valued at $39.21 / €34.83 billion, compared to Yahoo's total value of $39.12 / €34.75 billion.

It is unfair to compare the two since they deliver a different type of content to users even if they use the Internet as a transportation medium, but this stands to serve only as an analogy for showing how high Netflix has risen since its launch.

Because Netflix isn't available world-wide yet, most observers and Internet users dismiss its actual importance and power, but this isn't a surprise for Netflix's direct competition, the company previously surpassing CBS as stock market value only two months ago.

With a year-to-year growth of its stock price of over 80%, the company is currently making good on its promise to kill free-to-air television.

Yahoo and Netflix are on different trends

Yahoo, on the other hand, seems to be slipping more and more towards its final days, posting disappointing quarterly profits on a regular basis all through the last few years.

This comes even though the company has thrown money at acquiring popular startups and cut down losses by closing down some of its older services.

Netflix's reach grows with every year

Currently Netflix is serving only a limited geographical area, confined to the United States, United Kingdom, Canada, Brazil, Australia, New Zealand, France, Germany, Netherlands, Switzerland, Austria, Ireland, Luxembourg, Belgium, Nordic countries (except Iceland), and Hispanic America.

The company will also launch in Italy, Portugal, and Spain in October 2015, and the Czech Republic somewhere in 2016. CEO Reed Hastings has been eying the EU zone where it planned to expand in a series of waves, mainly thanks to its strong legislature, and where the company can feel safe operating in.