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U.S. Entertainment Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies159
  • 7D-0.2%
  • 3M5.7%
  • 1Y65.4%
  • YTD34.8%

Last week, the Entertainment industry hasn't moved much but Warner Bros. Discovery is up 58% in that time. The past year has been better, since the industry has gained 65% in that time. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the U.S. Entertainment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025US$1.3tUS$274.8bUS$21.8b39.8x59.1x4.7x
Thu, 14 Aug 2025US$1.4tUS$295.3bUS$22.9b32.1x59.5x4.6x
Sat, 12 Jul 2025US$1.4tUS$288.7bUS$7.3b29x185.5x4.7x
Mon, 09 Jun 2025US$1.3tUS$288.3bUS$7.4b22.3x176.6x4.6x
Wed, 07 May 2025US$1.2tUS$285.1bUS$3.3b22.4x358.3x4.1x
Fri, 04 Apr 2025US$1.1tUS$282.7bUS$2.5b24.8x416.9x3.8x
Sun, 02 Mar 2025US$1.1tUS$287.3bUS$2.0b21.2x552.8x3.9x
Tue, 28 Jan 2025US$1.1tUS$286.1bUS$953.1m19.9x1141.7x3.8x
Thu, 26 Dec 2024US$1.1tUS$284.5bUS$16.3m18.7x64919.9x3.7x
Sat, 23 Nov 2024US$1.0tUS$284.7bUS$61.3m22.8x17021.6x3.7x
Mon, 21 Oct 2024US$957.8bUS$300.0bUS$1.7b23.9x560x3.2x
Wed, 18 Sep 2024US$888.0bUS$299.2bUS$1.0b19.1x851.9x3x
Fri, 16 Aug 2024US$855.3bUS$298.8bUS$1.1b22.3x761.2x2.9x
Sun, 14 Jul 2024US$852.4bUS$291.4bUS$7.7b14.3x111.1x2.9x
Tue, 11 Jun 2024US$854.5bUS$291.3bUS$7.8b14.8x109.8x2.9x
Thu, 09 May 2024US$836.2bUS$290.6bUS$9.8b20x85.3x2.9x
Sat, 06 Apr 2024US$848.3bUS$288.0bUS$9.3b19.2x91.4x2.9x
Mon, 04 Mar 2024US$839.0bUS$286.7bUS$9.9b15.3x84.5x2.9x
Wed, 31 Jan 2024US$890.5bUS$296.9bUS$8.0b20x111.8x3x
Fri, 29 Dec 2023US$835.1bUS$297.2bUS$7.1b19.7x118.3x2.8x
Sun, 26 Nov 2023US$846.1bUS$297.0bUS$6.9b20.9x123.1x2.8x
Tue, 24 Oct 2023US$741.4bUS$288.0bUS$1.5b20.9x509.2x2.6x
Thu, 21 Sep 2023US$736.5bUS$286.4bUS$868.6m20.7x848x2.6x
Sat, 19 Aug 2023US$738.6bUS$287.7b-US$13,837,973.0026.2x-53371.4x2.6x
Mon, 17 Jul 2023US$797.3bUS$280.4b-US$2,323,755,633.0021.5x-343.1x2.8x
Wed, 14 Jun 2023US$784.0bUS$279.7b-US$2,200,888,954.0019.6x-356.2x2.8x
Fri, 12 May 2023US$731.2bUS$280.7b-US$2,797,349,377.0020.9x-261.4x2.6x
Sun, 09 Apr 2023US$758.3bUS$266.9b-US$1,082,181,764.0022.4x-700.7x2.8x
Tue, 07 Mar 2023US$725.6bUS$266.0b-US$2,760,928,914.0028.4x-262.8x2.7x
Thu, 02 Feb 2023US$764.0bUS$254.0bUS$614.4m28.6x1243.4x3x
Sat, 31 Dec 2022US$624.8bUS$252.7bUS$987.2m25.3x632.9x2.5x
Mon, 28 Nov 2022US$638.2bUS$251.1bUS$916.7m26.2x696.2x2.5x
Wed, 26 Oct 2022US$658.1bUS$236.7bUS$5.3b20.3x123.4x2.8x
Fri, 23 Sep 2022US$638.1bUS$236.7bUS$5.4b21.7x118.9x2.7x
Price to Earnings Ratio

118.9x


Total Market Cap: US$638.1bTotal Earnings: US$5.4bTotal Revenue: US$236.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Entertainment Industry Price to Earnings3Y Average -68174.4x202320242025
Current Industry PE
  • Investors are optimistic on the American Entertainment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 59.0x which is higher than its 3-year average PE of -68kx.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Entertainment industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 5.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Telecom industry?

US Market1.57%
Telecom1.04%
Entertainment-0.74%
Interactive Home Entertainment3.11%
Movies and Entertainment-1.36%
Industry PE
  • Investors are most optimistic about the Movies and Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 53.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Movies and Entertainment industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WBD Warner Bros. DiscoveryUS$19.4857.7%
+US$17.7b		127.6%PE62.5x
RBLX RobloxUS$137.256.8%
+US$6.1b		196.8%PS23.7x
ANGX Angel StudiosUS$16.00-56.8%
US$2.4b		48.0%PS22.3x
TME Tencent Music Entertainment GroupUS$25.524.0%
+US$1.5b		169.2%PE28.1x
EA Electronic ArtsUS$171.772.2%
+US$927.0m		17.2%PE41.2x

Latest News

NFLX
US$1,202.26
Netflix
7D
-3.4%
1Y
72.6%
EA
US$171.77
Electronic Arts
7D
2.2%
1Y
17.2%
TKO
US$204.49
TKO Group Holdings
7D
2.0%
1Y
74.4%
ANGX
US$16.00
Angel Studios
7D
-56.8%
1Y
48.0%
DIS
US$115.62
Walt Disney
7D
-2.7%
1Y
25.9%

Subdued Growth No Barrier To The Walt Disney Company's (NYSE:DIS) Price

Sep 13
Subdued Growth No Barrier To The Walt Disney Company's (NYSE:DIS) Price
WBD
US$19.48
Warner Bros. Discovery
7D
57.7%
1Y
127.6%

Global Streaming Expansion And Iconic Content Will Unlock Future Potential

Warner Bros. Discovery’s consensus price target rose slightly to $14.90 as analysts cite improved Studios and direct-to-consumer performance, potential bid interest, and expected EBITDA beats, while headwinds in linear TV and uncertainty around long-term earnings temper optimism.
TME
US$25.52
Tencent Music Entertainment Group
7D
4.0%
1Y
169.2%

Tencent Music Entertainment Group (NYSE:TME) Seems To Use Debt Rather Sparingly

Sep 12
Tencent Music Entertainment Group (NYSE:TME) Seems To Use Debt Rather Sparingly
WMG
US$33.52
Warner Music Group
7D
-0.6%
1Y
11.4%

Global Internet Expansion And Digital Monetization Will Unlock Future Upside

Analysts have raised their price target for Warner Music Group, citing outperformance in subscription growth, anticipated benefits from wholesale music pricing increases, and operational efficiencies from reinvestment initiatives, resulting in a modest upward revision of the consensus target from $35.82 to $36.29. Analyst Commentary Bullish analysts see record labels—including Warner Music—well positioned to benefit from anticipated increases in wholesale music pricing, presenting an attractive industry investment opportunity.
TTWO
US$247.25
Take-Two Interactive Software
7D
-0.6%
1Y
62.2%
SPHR
US$60.29
Sphere Entertainment
7D
10.8%
1Y
44.3%

Sphere Entertainment Co.'s (NYSE:SPHR) Shares Climb 35% But Its Business Is Yet to Catch Up

Sep 09
Sphere Entertainment Co.'s (NYSE:SPHR) Shares Climb 35% But Its Business Is Yet to Catch Up
ROKU
US$93.94
Roku
7D
-5.5%
1Y
26.3%

Streaming Shift Will Expand Global Connected TV Markets

Analysts have raised their price targets for Roku—now at $103.27—on strong free cash flow forecasts, growing platform revenue from new partnerships and bundled offerings, and sustained momentum in connected TV advertising. Analyst Commentary Bullish analysts are raising price targets based on strong free cash flow forecasts, with some projecting Roku could generate $1.6B in free cash flow by 2023 and see sustained high annualized returns.
IQ
US$2.57
iQIYI
7D
-5.5%
1Y
30.5%

Premium Content And Global Expansion Will Open New Markets

iQIYI’s fundamentals appear to be stabilizing with industry tailwinds from a more favorable regulatory environment—such as faster, less restrictive content approvals and a stronger content pipeline—driving improving revenue outlook and prompting a modest consensus price target increase from $2.38 to $2.44. Analyst Commentary Bullish analysts point to iQIYI’s fundamentals potentially bottoming out, supported by a more favorable regulatory environment.
RBLX
US$137.25
Roblox
7D
6.8%
1Y
196.8%
FWON.K
US$98.93
Formula One Group
7D
-2.9%
1Y
27.5%

F1 Expansion And Digital Transformation Will Energize Racing's Future

Despite inclusion of the MotoGP acquisition, improved financial performance, and bullish media rights catalysts boosting long-term growth prospects, concerns over limited near-term rights opportunities and valuation risks have kept Formula One Group's consensus analyst price target unchanged at $115.87. Analyst Commentary Inclusion of MotoGP (Dorna) acquisition, leading to higher revenue and OIBDA estimates, with incremental monetization opportunities through MotoGP and expansion of portfolio.
LYV
US$172.38
Live Nation Entertainment
7D
1.8%
1Y
69.8%

Advanced Ticketing And International Expansion Will Power Live Events

Analysts remain positive on Live Nation Entertainment due to strong concert demand, outperformance in the Concert segment, and Ticketmaster’s ongoing value, though they caution about near-term margin pressures, antitrust risks, and consumer headwinds; consensus price target is unchanged at $170.00. Analyst Commentary Bullish analysts cite continued strong demand for concerts and robust performance in the Concert segment, underpinned by higher Stadium and Venue-Nation contributions.
SPOT
US$703.10
Spotify Technology
7D
-2.1%
1Y
107.5%