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U.S. Entertainment Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies173
  • 7D-0.8%
  • 3M-14.9%
  • 1Y15.2%
  • YTD15.8%

The Entertainment industry has been flat over the last week, but Spotify Technology has lost 5.5%. The past year has been better, since the industry has gained 15% in that time. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025US$1.2tUS$281.3bUS$21.3b19.5x54.5x4.1x
Sat, 15 Nov 2025US$1.2tUS$278.9bUS$22.8b20x53.2x4.3x
Mon, 13 Oct 2025US$1.3tUS$274.6bUS$21.8b28.3x58.3x4.6x
Wed, 10 Sep 2025US$1.3tUS$274.6bUS$21.8b39.3x59.7x4.7x
Fri, 08 Aug 2025US$1.3tUS$292.1bUS$10.4b28.8x125.8x4.5x
Sun, 06 Jul 2025US$1.4tUS$288.9bUS$7.4b28.4x186.1x4.7x
Tue, 03 Jun 2025US$1.3tUS$288.4bUS$7.3b20.8x172.7x4.4x
Thu, 01 May 2025US$1.1tUS$285.0bUS$3.2b23.2x359.7x4x
Sat, 29 Mar 2025US$1.1tUS$282.3bUS$2.5b24.9x431.8x3.8x
Mon, 24 Feb 2025US$1.1tUS$288.2bUS$2.6b27.5x438.4x3.9x
Wed, 22 Jan 2025US$1.0tUS$284.5bUS$15.9m19.6x64072.3x3.6x
Fri, 20 Dec 2024US$1.0tUS$284.4bUS$46.1m17.3x22353.5x3.6x
Sun, 17 Nov 2024US$991.6bUS$284.9bUS$184.5m21x5375.5x3.5x
Tue, 15 Oct 2024US$939.7bUS$298.9bUS$1.0b25.4x895.1x3.1x
Thu, 12 Sep 2024US$866.2bUS$299.0bUS$1.1b17.2x807x2.9x
Sat, 10 Aug 2024US$836.4bUS$297.7bUS$1.7b22.2x481.4x2.8x
Mon, 08 Jul 2024US$867.4bUS$291.3bUS$7.8b14.1x111.9x3x
Wed, 05 Jun 2024US$848.0bUS$291.5bUS$7.8b15.6x108.7x2.9x
Fri, 03 May 2024US$809.9bUS$289.6bUS$10.9b20.4x74x2.8x
Sun, 31 Mar 2024US$852.9bUS$287.9bUS$9.3b18.8x91.5x3x
Tue, 27 Feb 2024US$807.3bUS$285.6bUS$9.7b18.1x83.4x2.8x
Thu, 25 Jan 2024US$842.1bUS$297.0bUS$8.0b20.3x105.7x2.8x
Sat, 23 Dec 2023US$831.0bUS$297.0bUS$7.0b19.5x118x2.8x
Mon, 20 Nov 2023US$834.5bUS$296.6bUS$6.7b21.2x124x2.8x
Wed, 18 Oct 2023US$739.1bUS$287.3bUS$1.2b20.8x622.8x2.6x
Fri, 15 Sep 2023US$744.6bUS$286.4bUS$875.7m20.7x850.4x2.6x
Sun, 13 Aug 2023US$772.9bUS$287.8b-US$1,388,449,044.0027.1x-556.7x2.7x
Tue, 11 Jul 2023US$774.7bUS$279.8b-US$2,339,662,739.0021x-331.1x2.8x
Thu, 08 Jun 2023US$750.6bUS$279.7b-US$2,182,945,919.0018.6x-343.9x2.7x
Sat, 06 May 2023US$733.9bUS$278.1b-US$3,070,159,847.0021.5x-239.1x2.6x
Mon, 03 Apr 2023US$763.9bUS$266.8b-US$1,059,945,764.0024.1x-720.7x2.9x
Wed, 01 Mar 2023US$707.0bUS$266.0b-US$2,647,945,393.0028.5x-267x2.7x
Fri, 27 Jan 2023US$759.1bUS$253.6bUS$467.7m31.1x1623x3x
Sun, 25 Dec 2022US$621.2bUS$252.2bUS$1.0b26x601.1x2.5x
Price to Earnings Ratio

601.1x


Total Market Cap: US$621.2bTotal Earnings: US$1.0bTotal Revenue: US$252.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Entertainment Industry Price to Earnings3Y Average -68214.2x202320242025
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 54.5x which is higher than its 3-year average PE of -68kx.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Entertainment industry have grown 174% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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-2.83%
Telecom-2.69%
Entertainment-0.83%
Movies and Entertainment-0.32%
Interactive Home Entertainment-3.93%
Industry PE
  • Investors are most optimistic about the Movies and Entertainment industry which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (16.6%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Movies and Entertainment industry is expected to see its earnings grow by 17% 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
DIS Walt DisneyUS$110.631.7%
+US$3.2b		-0.6%PE15.9x
NFLX NetflixUS$94.790.7%
+US$3.2b		5.1%PE41.5x
FWON.K Formula One GroupUS$96.893.5%
+US$825.2m		2.4%PE109.1x
TKO TKO Group HoldingsUS$211.623.6%
+US$577.7m		47.2%PE73x
MSGS Madison Square Garden SportsUS$241.417.7%
+US$414.8m		6.6%PS5.7x

Latest News

WBD
US$28.21
Warner Bros. Discovery
7D
-4.3%
1Y
168.9%
DIS
US$110.63
Walt Disney
7D
1.7%
1Y
-0.6%
LION
US$8.46
Lionsgate Studios
7D
7.8%
1Y
20.5%
RBLX
US$85.91
Roblox
7D
-9.0%
1Y
46.1%

RBLX: Ad Monetization And Heavier Investments Will Shape Engagement-Led Earnings Outlook

Analysts have nudged their aggregate price target on Roblox lower by roughly $6 to $82. This reflects a modestly higher discount rate even as they grow more optimistic about accelerating revenue growth, expanding profit margins, and a more reasonable future earnings multiple supported by robust engagement, a growing ads opportunity, and sustained leadership in user generated content gaming.
TME
US$17.63
Tencent Music Entertainment Group
7D
-2.9%
1Y
49.8%

Calculating The Fair Value Of Tencent Music Entertainment Group (NYSE:TME)

Dec 16
Calculating The Fair Value Of Tencent Music Entertainment Group (NYSE:TME)
NFLX
US$94.79
Netflix
7D
0.7%
1Y
5.1%
FWON.K
US$96.89
Formula One Group
7D
3.5%
1Y
2.4%

Subdued Growth No Barrier To Formula One Group's (NASDAQ:FWON.K) Price

Dec 15
Subdued Growth No Barrier To Formula One Group's (NASDAQ:FWON.K) Price
CNK
US$23.49
Cinemark Holdings
7D
-6.5%
1Y
-24.0%

CNK: Box Office Recovery And Capital Returns Will Shape Future Performance

Cinemark Holdings' analyst price target has been raised by $1 to $35 per share, as analysts highlight the company’s strong recent performance, improved profit profile, and greater financial flexibility following pandemic debt reduction. Analyst Commentary While the latest price target increase reflects confidence in Cinemark Holdings' operational progress and balance sheet strength, not all market observers share an unequivocally bullish stance.
ROKU
US$107.69
Roku
7D
1.3%
1Y
37.3%
SPOT
US$566.23
Spotify Technology
7D
-5.5%
1Y
24.7%

SPOT: Pricing Power And AI Will Shape Balanced Risk Reward Outlook

Our fair value estimate for Spotify Technology has been raised by about $37 to roughly $569 per share, as analysts grow more confident in accelerating revenue growth, expanding profit margins, and the earnings power implied by recent price target revisions across the Street. Analyst Commentary Recent Street commentary on Spotify highlights a mix of optimism around pricing power, product innovation, and artificial intelligence, alongside a more measured tone on valuation and execution risk.
WMG
US$28.55
Warner Music Group
7D
2.5%
1Y
-7.1%
AMC
US$1.82
AMC Entertainment Holdings
7D
-17.6%
1Y
-55.1%

AMC: Future Equity Needs And Event Releases Will Define Risk Balance

Analysts have modestly reduced their fair value estimate for AMC Entertainment Holdings from approximately $2.60 to $2.30 per share, citing ongoing concerns about negative free cash flow and the likelihood of further equity issuances, despite recent quarterly outperformance and box office growth expectations. Analyst Commentary Bearish analysts acknowledge that AMC's recent quarterly performance and incremental market share gains are constructive developments, but they remain cautious on the stock's risk reward profile.
MSGS
US$241.41
Madison Square Garden Sports
7D
7.7%
1Y
6.6%

MSGS: Future 60% Discount To Private Market Value Will Narrow

Analysts have modestly reduced their price target on Madison Square Garden Sports to about $268, down roughly $2, citing a still sizable discount to the estimated private market value for the Knicks and Rangers, along with concerns about governance and the visibility of potential catalysts. Analyst Commentary Street views on Madison Square Garden Sports remain mixed, with valuation support from private market benchmarks offset by governance and liquidity concerns.
LYV
US$136.41
Live Nation Entertainment
7D
-3.8%
1Y
3.2%

LYV: Strong Secondary Ticketing Reforms Will Support Future Profit Momentum

Analysts have nudged their average price target on Live Nation Entertainment slightly lower by about $1 to the high $170s, reflecting modestly higher long term growth expectations, but also regulatory overhang and secondary ticketing uncertainties that temper near term valuation multiples. Analyst Commentary Street research around Live Nation continues to frame the stock as a structurally attractive growth story, but with a valuation ceiling in the near term given regulatory and secondary ticketing uncertainties.
TKO
US$211.62
TKO Group Holdings
7D
3.6%
1Y
47.2%
TTWO
US$240.55
Take-Two Interactive Software
7D
-0.8%
1Y
32.6%

TTWO: Record Engagement And Scarcity Value Will Drive Shares Higher

Analysts have nudged our Take-Two Interactive Software fair value estimate slightly higher to approximately $276.59 per share, reflecting increased Street price targets in the high-$200s, driven by strengthening NBA 2K engagement, resilient mobile trends, and rising scarcity value as the last major independent AAA publisher, even as at least one firm has turned more cautious in the near term. Analyst Commentary Recent Street commentary reflects a generally constructive view on Take Two's multi year earnings trajectory, tempered by emerging concerns around near term risk reward after a strong run in the shares.