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Media Stocks 2024 Winners & Losers: Netflix Soars, Disney Rebounds, WBD Flounders
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variety.comTodd Spangler NY Digital Editor Netflix was the breakaway winner among media stocks in 2024, with the streaming powerhouse’s shares up more than 90% over the course of the year.
That easily outpaced other media companies, many of which continued to wrestle with the industry shift toward streaming and the decline of traditional linear TV.
Netflix currently has a market capitalization of $385 billion, after its stock price ballooned 92% from the beginning of the year to close at $900.43 per share Monday.
The company netted 22.5 million new customers through the first nine months of the year, to stand at more than 282 million as of the end of September.
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