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U.S. Entertainment Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies168
  • 7D-3.3%
  • 3M-15.3%
  • 1Y2.1%
  • YTD-5.7%

Over the last 7 days, the Entertainment industry has dropped 3.1%, driven by Netflix declining 5.1%. Over the past 12 months, the industry was up 4.3%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026US$1.1tUS$283.3bUS$21.8b20.1x50.2x3.9x
Sun, 21 Dec 2025US$1.2tUS$281.3bUS$21.3b20.5x54.5x4.1x
Tue, 18 Nov 2025US$1.2tUS$278.8bUS$22.7b21.1x52.3x4.3x
Thu, 16 Oct 2025US$1.3tUS$274.7bUS$21.8b28.3x58.8x4.7x
Sat, 13 Sep 2025US$1.3tUS$274.6bUS$21.8b35.6x59.2x4.7x
Mon, 11 Aug 2025US$1.3tUS$293.6bUS$22.3b30.6x59.5x4.5x
Wed, 09 Jul 2025US$1.4tUS$288.8bUS$7.3b29.4x186.5x4.7x
Fri, 06 Jun 2025US$1.3tUS$288.4bUS$7.3b22.2x177.4x4.5x
Sun, 04 May 2025US$1.2tUS$284.9bUS$3.3b24.8x354.1x4.1x
Tue, 01 Apr 2025US$1.1tUS$282.3bUS$2.5b24.9x415.2x3.7x
Thu, 27 Feb 2025US$1.1tUS$288.2bUS$2.6b24.8x427.4x3.9x
Sat, 25 Jan 2025US$1.1tUS$286.1bUS$954.2m20x1136.6x3.8x
Mon, 23 Dec 2024US$1.0tUS$284.6bUS$18.7m17.4x55977.7x3.7x
Wed, 20 Nov 2024US$1.0tUS$285.0bUS$187.4m21.6x5372.4x3.5x
Fri, 18 Oct 2024US$930.9bUS$298.6bUS$1.0b23.5x922.2x3.1x
Sun, 15 Sep 2024US$884.4bUS$299.1bUS$1.0b16.7x850.5x3x
Tue, 13 Aug 2024US$839.7bUS$297.9bUS$1.8b18.3x479.3x2.8x
Thu, 11 Jul 2024US$867.0bUS$291.2bUS$7.7b13.9x111.9x3x
Sat, 08 Jun 2024US$857.7bUS$291.3bUS$7.8b14.7x110.2x2.9x
Mon, 06 May 2024US$843.7bUS$290.3bUS$10.9b20.4x77.5x2.9x
Wed, 03 Apr 2024US$851.4bUS$287.8bUS$9.3b18.7x91.5x3x
Fri, 01 Mar 2024US$826.7bUS$292.4bUS$9.9b13.3x83.5x2.8x
Sun, 28 Jan 2024US$884.5bUS$297.0bUS$8.0b20.1x111x3x
Tue, 26 Dec 2023US$831.0bUS$297.1bUS$7.0b19.5x118x2.8x
Thu, 23 Nov 2023US$841.6bUS$296.8bUS$6.9b20.9x122x2.8x
Sat, 21 Oct 2023US$741.3bUS$287.9bUS$1.5b20.9x506.5x2.6x
Mon, 18 Sep 2023US$742.8bUS$286.4bUS$874.9m20.7x849x2.6x
Wed, 16 Aug 2023US$758.3bUS$287.8b-US$84,318,746.0033x-8993.3x2.6x
Fri, 14 Jul 2023US$807.5bUS$280.4b-US$2,329,097,998.0022.5x-346.7x2.9x
Sun, 11 Jun 2023US$764.6bUS$279.8b-US$2,186,936,749.0018.6x-349.6x2.7x
Tue, 09 May 2023US$749.6bUS$278.0b-US$3,261,193,589.0022.2x-229.8x2.7x
Thu, 06 Apr 2023US$757.4bUS$266.8b-US$1,067,883,199.0024.1x-709.3x2.8x
Sat, 04 Mar 2023US$727.4bUS$266.0b-US$2,752,320,259.0028.4x-264.3x2.7x
Mon, 30 Jan 2023US$759.7bUS$253.6bUS$468.6m30.5x1621.4x3x
Price to Earnings Ratio

1621.4x


Total Market Cap: US$759.7bTotal Earnings: US$468.6mTotal Revenue: US$253.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Entertainment Industry Price to Earnings3Y Average -68236.1x202420252026
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 50.5x which is higher than its 3-year average PE of -68kx.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Entertainment industry have grown 260% per year over the last three years.
  • Revenues for these companies have grown 3.8% 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 Market-0.28%
Telecom0.52%
Entertainment-3.28%
Movies and Entertainment-3.04%
Interactive Home Entertainment-4.78%
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 13.2%, which is lower than the prior year's growth of 26.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 3.0% 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
ROKU RokuUS$107.232.2%
+US$333.9m		28.0%PS3.5x
IQ iQIYIUS$2.105.9%
+US$112.7m		4.9%PS0.5x
MSGS Madison Square Garden SportsUS$287.321.3%
+US$90.7m		31.5%PS6.7x
GDEV GDEVUS$20.5023.6%
+US$71.0m		22.7%PE6.6x
SPHR Sphere EntertainmentUS$98.382.0%
+US$68.5m		129.1%PS3.2x

Latest News

RBLX
US$74.70
Roblox
7D
-11.8%
1Y
11.3%
IQ
US$2.10
iQIYI
7D
5.9%
1Y
4.9%
NFLX
US$83.54
Netflix
7D
-5.1%
1Y
-15.2%
TKO
US$200.13
TKO Group Holdings
7D
-4.2%
1Y
31.7%
SPHR
US$98.38
Sphere Entertainment
7D
2.0%
1Y
129.1%

SPHR: Venue Bookings And New Project Plans Will Test Earnings Durability

Analysts have lifted their fair value estimate for Sphere Entertainment by about $15.60 to $103.90, citing stronger Sphere Experience show counts and attendance for Wizard of Oz, additional musical residencies scheduled into early 2026, and growing expectations that the Las Vegas venue could remain heavily booked with potential for additional franchises. Analyst Commentary Recent research coverage has focused on how Sphere Entertainment is executing at the Las Vegas venue, what that could mean for earnings power, and how current valuation stacks up against those expectations.
TME
US$16.04
Tencent Music Entertainment Group
7D
-3.4%
1Y
45.2%

TME: Future Margin Debate Will Shape Upside After Recent Selloff

Analysts have trimmed their fair value estimate for Tencent Music Entertainment Group from US$23.15 to about US$21.77, reflecting lower long term earnings assumptions and a more cautious view on margin trends, even as they continue to highlight resilient user monetization and limited impact so far from Bytedance's Soda Music. Analyst Commentary Recent research updates around Tencent Music show a split in views, but there is a clear pocket of caution you should be aware of.
EA
US$204.38
Electronic Arts
7D
0.1%
1Y
72.4%

EA: Take Private Proposal And Game Engagement Trends Will Shape Future Returns

Analysts have nudged their price target on Electronic Arts slightly higher to US$202.36, citing small tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions that leave their overall valuation framework largely unchanged. What's in the News EA agreed to be acquired by an investor consortium for US$210.00 per share in cash, a deal that would take the company private if completed, and has drawn a shareholder class action lawsuit focused on valuation, process, potential conflicts of interest, and disclosure around the buyout terms (Kaskela Law LLC).
ROKU
US$107.23
Roku
7D
2.2%
1Y
28.0%

ROKU: Platform Monetization And Advertising Tools Will Drive Free Cash Flow

Analysts have lifted their fair value estimate for Roku to $158.85 from $135.15, reflecting updated expectations for revenue growth, profit margins, and future P/E multiples. The higher estimate is supported by a series of recent price target increases tied to free cash flow, platform monetization, and projected operating leverage into 2026 and 2027.
SPOT
US$498.64
Spotify Technology
7D
-1.9%
1Y
-0.6%

SPOT: Future Price Increases And Margin Goals Will Drive Rerating Potential

Analysts have trimmed their Spotify Technology price targets, with our fair value estimate moving from US$913.70 to US$889.24. They are factoring in slightly softer margin assumptions, modestly lower growth estimates, and a higher future P/E, while still referencing potential benefits from pricing changes and longer term margin goals.
TTWO
US$241.10
Take-Two Interactive Software
7D
-1.3%
1Y
31.2%

TTWO: Fair Value View Balances Content Pipeline Hopes And Execution Risks

Analysts have raised their fair value estimate for Take-Two Interactive Software to US$226.19 from US$181.99, reflecting higher assumed revenue growth, margins, and future P/E multiples, in line with recent Street price target increases into the US$280 to US$288 range. Analyst Commentary Recent Street research shows a mix of optimism around Take-Two Interactive Software's content pipeline and cautious views around valuation and execution risk.
FWON.K
US$87.39
Formula One Group
7D
-3.4%
1Y
-4.6%

FWON.K: Third Party Race Promotion Upside Will Confront Execution And Margin Risks

Our updated narrative reflects a slightly lower fair value estimate for Formula One Group of US$95.74, a change of about US$0.22, as analysts factor in modest tweaks to growth, margins and future P/E assumptions, alongside recent price target increases and more constructive research commentary. Analyst Commentary Recent research on Formula One Group has tilted constructive overall, with several firms lifting price targets and expressing greater confidence in the long term setup.
MSGE
US$60.54
Madison Square Garden Entertainment
7D
1.9%
1Y
68.6%
LYV
US$138.14
Live Nation Entertainment
7D
-5.2%
1Y
-0.7%
MSGS
US$287.32
Madison Square Garden Sports
7D
1.3%
1Y
31.5%

MSGS: Discount To Private Market Value Will Likely Persist Despite Recent Miss

Narrative Update: Madison Square Garden Sports Analyst Pricing Shift Analysts have trimmed their price target on Madison Square Garden Sports to $268 from $270, citing what they view as a sizable discount to private market value for the Knicks and Rangers, supported by recent sales of peer franchises and a modest offseason shortfall tied to lower league distributions. Analyst Commentary Recent commentary around Madison Square Garden Sports has centered on how the market is pricing the Knicks and Rangers relative to what some see as higher private market values.
GDEV
US$20.50
GDEV
7D
23.6%
1Y
22.7%

Earnings Working Against GDEV Inc.'s (NASDAQ:GDEV) Share Price Following 39% Dive

Dec 31
Earnings Working Against GDEV Inc.'s (NASDAQ:GDEV) Share Price Following 39% Dive
STUB
US$15.30
StubHub Holdings
7D
0.7%
1Y
n/a