Netflix

Is a business commercially viable (building off of YouTube's recent announcement).  

There is a net profit for both:

As Disney jumps into the streaming game. Subscriber growth is impressive with 10M+ people signing up in a day or two.  Its great to see successful launches.  

When looking at the revenue generated by these companies, Disney is outpacing Netflix by 3.5x what Netflix earns. 

What is strange is Netflix trades at 93x its earnings vs Disney's more reasonable 16x earning.  If Disney is just moderately inflated, though making 3.5x the revenue, Netflix PE ration of 93 is nuts.  

The release of Disney+ adds to the streaming wars.  Yahoo Finance noted today that with Disney+, the parent (Disney) is now has a market cap of Netflix.  Does Netflix raise to the level of praise with the likes of Disney??

As Yahoo pointed out, Disney has a market value of $268B vs Netflix's $124B

As I start to peal this onion, the first question is what are the outstanding shares: