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U.S. Entertainment Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies159
  • 7D-2.9%
  • 3M-9.2%
  • 1Y2.0%
  • YTD-8.4%

Over the last 7 days, the Entertainment industry has dropped 2.9%, driven by Netflix declining 3.7%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026US$1.0tUS$287.7bUS$23.0b35.1x44.9x3.6x
Sun, 15 Feb 2026US$984.4bUS$286.6bUS$22.9b32.7x43x3.4x
Tue, 13 Jan 2026US$1.1tUS$281.3bUS$21.2b22x53.1x4x
Thu, 11 Dec 2025US$1.2tUS$281.2bUS$21.3b21.8x54.4x4.1x
Sat, 08 Nov 2025US$1.2tUS$277.3bUS$22.1b23.4x54.2x4.3x
Mon, 06 Oct 2025US$1.3tUS$274.9bUS$21.8b30.9x57.7x4.6x
Wed, 03 Sep 2025US$1.3tUS$274.5bUS$21.8b37.3x57.8x4.6x
Fri, 01 Aug 2025US$1.3tUS$290.3bUS$7.8b25.1x169.6x4.6x
Sun, 29 Jun 2025US$1.4tUS$288.8bUS$7.5b23.7x183.3x4.8x
Tue, 27 May 2025US$1.2tUS$288.3bUS$7.3b20.9x170.3x4.3x
Thu, 24 Apr 2025US$1.1tUS$284.3bUS$3.1b22x341.6x3.8x
Sat, 22 Mar 2025US$1.1tUS$289.4bUS$2.4b26.2x444.5x3.7x
Mon, 17 Feb 2025US$1.2tUS$288.3bUS$2.3b26.2x519.5x4.1x
Wed, 15 Jan 2025US$995.6bUS$284.3bUS$566.0k20.9x1759068.5x3.5x
Fri, 13 Dec 2024US$1.1tUS$284.6bUS$68.7m17.1x15658.5x3.8x
Sun, 10 Nov 2024US$933.1bUS$282.5b-US$418,969,072.1422.8x-2227.1x3.3x
Tue, 08 Oct 2024US$948.9bUS$299.2bUS$1.1b23.1x876.6x3.2x
Thu, 05 Sep 2024US$864.6bUS$299.1bUS$1.1b18.9x796.9x2.9x
Sat, 03 Aug 2024US$855.2bUS$296.5bUS$7.7b14x111.5x2.9x
Mon, 01 Jul 2024US$863.1bUS$291.1bUS$7.8b14.3x111.1x3x
Wed, 29 May 2024US$851.0bUS$291.5bUS$7.8b16.8x109.2x2.9x
Fri, 26 Apr 2024US$820.3bUS$289.5bUS$10.8b19.8x76.1x2.8x
Sun, 24 Mar 2024US$850.6bUS$287.9bUS$9.2b16.2x92x3x
Tue, 20 Feb 2024US$817.1bUS$284.7bUS$8.0b18.1x101.9x2.9x
Thu, 18 Jan 2024US$812.7bUS$295.9bUS$7.1b19x115x2.7x
Sat, 16 Dec 2023US$839.3bUS$297.0bUS$7.1b18.1x118.5x2.8x
Mon, 13 Nov 2023US$794.6bUS$289.6bUS$5.7b20.5x139.8x2.7x
Wed, 11 Oct 2023US$747.7bUS$287.5bUS$1.2b19.9x625x2.6x
Fri, 08 Sep 2023US$744.1bUS$286.2bUS$854.4m20.6x870.9x2.6x
Sun, 06 Aug 2023US$785.0bUS$286.0bUS$166.8m22.1x4706.1x2.7x
Tue, 04 Jul 2023US$783.9bUS$279.6b-US$2,337,070,659.0021.6x-335.4x2.8x
Thu, 01 Jun 2023US$727.4bUS$279.8b-US$2,407,571,915.0017.5x-302.1x2.6x
Sat, 29 Apr 2023US$740.2bUS$269.2b-US$1,551,413,501.0022x-477.1x2.7x
Mon, 27 Mar 2023US$731.8bUS$266.8b-US$1,482,253,828.0024.3x-493.7x2.7x
Price to Earnings Ratio

-493.7x


Total Market Cap: US$731.8bTotal Earnings: -US$1,482,253,828.00Total Revenue: US$266.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Entertainment Industry Price to Earnings3Y Average -68166.1x202420252026
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 44.9x which is higher than its 3-year average PE of -68kx.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • Total earnings for the Entertainment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 2.5% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

US Market-0.66%
Telecom-1.11%
Entertainment-2.92%
Interactive Home Entertainment-0.09%
Movies and Entertainment-3.32%
Industry PE
  • Investors are most optimistic about the Movies and Entertainment industry even though it's trading below its 3-year average PE ratio of 56.1x.
    • Analysts are expecting annual earnings growth of 15.8%, 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 44% 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 16% 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
RBLX RobloxUS$57.522.2%
+US$864.6m		-0.7%PS8.3x
WBD Warner Bros. DiscoveryUS$27.630.7%
+US$496.2m		159.4%PE94.2x
EA Electronic ArtsUS$200.690.8%
+US$402.9m		40.1%PE73.9x
ROKU RokuUS$95.861.1%
+US$156.3m		29.9%PE159.9x
SPHR Sphere EntertainmentUS$112.882.7%
+US$106.2m		250.3%PE120x

Latest News

TME
US$10.29
Tencent Music Entertainment Group
7D
-24.8%
1Y
-27.9%
SPHR
US$112.88
Sphere Entertainment
7D
2.7%
1Y
250.3%
RBLX
US$57.52
Roblox
7D
2.2%
1Y
-0.7%

RBLX: Engagement Trends And Content Cycles Will Shape Future Earnings Potential

The analyst price target for Roblox has shifted slightly lower, from $67 to $65, as analysts factor in softer concurrent user trends relative to booking guidance and rising competitive and content headwinds, even while acknowledging ongoing hit experiences on the platform. Analyst Commentary Recent research on Roblox reflects a more cautious tone, with several firms trimming price targets and reassessing growth assumptions in light of softer concurrent user trends, upcoming content competition, and challenging comparisons in future years.
MSGE
US$57.38
Madison Square Garden Entertainment
7D
1.4%
1Y
68.7%
ROKU
US$95.86
Roku
7D
1.1%
1Y
29.9%

ROKU: 2026 Catalysts And AI Content Bets Will Test Balanced Outlook

Roku's updated analyst price target moves higher, with fair value shifting from about $88.07 to $93.23 as analysts emphasize stronger projected profit margins, a lower future P/E, and support from recent upgrades that highlight its "Switzerland-like positioning" in streaming and potential 2026 catalysts. Analyst Commentary Recent research around Roku centers on how much upside is already reflected in the share price versus the execution and growth risks that still exist.
DIS
US$99.20
Walt Disney
7D
-0.2%
1Y
0.3%

DIS: IP Strength And New Leadership Will Support Future Share Repricing

Narrative Update on Walt Disney The updated analyst price target for Walt Disney edges slightly lower to about $130. This reflects small adjustments to fair value and discount rate as analysts factor in recent target cuts from firms that still cite solid execution and the strength of the company’s intellectual property and multi platform engagement.
NFLX
US$91.74
Netflix
7D
-3.7%
1Y
-4.5%

NFLX: Walking From Warner Deal Will Refocus On Content And Efficiency

Analysts have modestly increased the blended price target for Netflix by about $2 to reflect updated views on content investment, operating efficiency and valuation multiples after the company opted out of a Warner Bros. Discovery deal.
SPOT
US$482.52
Spotify Technology
7D
-5.3%
1Y
-18.8%

SPOT: Recurring Price Hikes And Firmer Margins Will Support Revaluation Potential

Spotify's analyst fair value estimate has been adjusted from $889.24 to $767.84 as analysts factor in slightly higher discount rates and a lower future P/E, partly offset by firmer margin expectations and views that AI related risks to the platform and its pricing power are limited. Analyst Commentary Recent research on Spotify highlights a split view on AI risk and pricing power, but there is a clear cluster of bullish analysts who still see upside in the story despite a period of target cuts across the Street.
FWON.K
US$83.41
Formula One Group
7D
-2.1%
1Y
-4.2%

FWON.K: Third Party Race Promotion Will Drive Upside Through 2026 Deals

Analysts have tightened expectations for Formula One Group with a modest reduction in projected growth and profitability assumptions. However, Street research price targets have seen a cluster of revisions around the $95 to $111 range as analysts highlight better understood risks, potential acquisitions, and underappreciated race promotion upside.
TTWO
US$201.75
Take-Two Interactive Software
7D
-3.6%
1Y
-3.8%

TTWO: GenAI And GPU Adoption Will Shape Repricing As GTA Guidance Arrives

Analysts have trimmed the fair value estimate for Take-Two Interactive Software by $1 to $300, reflecting updated unit economics for GTA 5, a reassessment of GTA Online's potential, and mixed price target moves across the Street. Analyst Commentary Recent Street research shows that while some targets have been trimmed at the margin, many bullish analysts remain constructive on Take-Two Interactive Software, pointing to upcoming catalysts and reinforcing higher fair value ranges.
WMG
US$23.90
Warner Music Group
7D
-11.1%
1Y
-26.4%

WMG: AI Exposures Will Ultimately Support Stronger Long Term Catalog Economics

Narrative Update on Warner Music Group The implied analyst price target for Warner Music Group is now held around $37.44, with analysts citing a slightly higher required return and AI related risks to major labels, alongside mixed recent views on the stock, including a modest $1 target trim from Citi and a bullish initiation from MoffettNathanson. Analyst Commentary Recent research on Warner Music Group highlights a mix of optimism around the long term role of major labels and caution around the impact of AI on recorded music economics and catalog value.
LYV
US$154.19
Live Nation Entertainment
7D
-3.8%
1Y
26.2%

LYV: DOJ Settlement Progress And Venue Expansion Will Shape Balanced Outlook

The updated analyst price target for Live Nation Entertainment edges higher to about $183, supported by analysts citing a potential DOJ settlement viewed as manageable, renewed comfort returning to pre-lawsuit valuation multiples, and ongoing enthusiasm for the company’s concert ownership and venue expansion plans despite regulatory and Ticketmaster related headwinds. Analyst Commentary Recent research highlights a wide range of views on Live Nation, with many analysts focusing on the potential DOJ settlement, the company’s concert and venue growth plans, and the impact of Ticketmaster related changes on future earnings power and valuation.
WBD
US$27.63
Warner Bros. Discovery
7D
0.7%
1Y
159.4%
CNK
US$26.37
Cinemark Holdings
7D
3.3%
1Y
-0.2%

CNK: Future Box Office Slate And Buybacks Will Support Returns

Analysts have nudged their price targets for Cinemark higher, with a range now stretching from $22 to $36. This reflects updated views on future box office trends, margin potential, and the company’s ability to sustain stronger per capita spending as film supply normalizes.
EA
US$200.69
Electronic Arts
7D
0.8%
1Y
40.1%

EA: Take Private Deal And Player Retention Trends Will Shape Future Returns

Analysts have kept their fair value estimate for Electronic Arts steady at $205.59 per share, with only slight adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions explaining the unchanged price target despite updated inputs. What's in the News Multiplayer shooter "ARC Raiders," from Nexon owned Embark Studios, is reported to have retained 91% of its peak Steam player base since launch.
MANU
US$16.49
Manchester United
7D
3.2%
1Y
19.0%