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U.S. Entertainment Industry Analysis

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies148
  • 7D3.7%
  • 3M-1.9%
  • 1Y-22.0%
  • YTD-9.7%

In the last week, the Entertainment industry is up 3.7%, with Netflix up 5.4%. During this same period, the Tencent Music Entertainment Group underperformed, falling 7.2%. However, the industry is down 22% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026US$949.6bUS$290.8bUS$21.3b20.2x44.5x3.3x
Tue, 14 Jul 2026US$956.8bUS$292.9bUS$24.8b21.6x38.5x3.3x
Thu, 11 Jun 2026US$980.1bUS$293.1bUS$24.8b25.8x39.4x3.3x
Sat, 09 May 2026US$1.0tUS$293.4bUS$22.1b27.2x45.7x3.4x
Mon, 06 Apr 2026US$1.1tUS$287.6bUS$22.9b37.9x45.9x3.7x
Wed, 04 Mar 2026US$1.1tUS$288.8bUS$23.2b37.3x47x3.8x
Fri, 30 Jan 2026US$1.1tUS$283.7bUS$21.9b21.7x48.3x3.7x
Sun, 28 Dec 2025US$1.2tUS$281.4bUS$21.3b19.5x55x4.2x
Tue, 25 Nov 2025US$1.1tUS$279.0bUS$22.7b20x49.8x4.1x
Thu, 23 Oct 2025US$1.3tUS$276.3bUS$22.0b26.4x59.4x4.7x
Sat, 20 Sep 2025US$1.3tUS$274.9bUS$21.8b34x59.7x4.7x
Mon, 18 Aug 2025US$1.4tUS$295.3bUS$22.9b35.3x60.3x4.7x
Wed, 16 Jul 2025US$1.4tUS$288.6bUS$7.3b29.4x184.6x4.7x
Fri, 13 Jun 2025US$1.3tUS$288.7bUS$7.5b23.9x175.6x4.5x
Sun, 11 May 2025US$1.2tUS$285.3bUS$7.1b20.7x167.2x4.2x
Tue, 08 Apr 2025US$939.2bUS$282.4bUS$2.5b22.1x371.4x3.3x
Thu, 06 Mar 2025US$1.1tUS$289.3bUS$2.4b23.5x467x3.8x
Sat, 01 Feb 2025US$1.1tUS$285.9bUS$944.5m22.9x1174.6x3.9x
Mon, 30 Dec 2024US$1.0tUS$284.5bUS$16.0m20x64968.4x3.7x
Wed, 27 Nov 2024US$1.0tUS$284.7bUS$107.1m20.6x9494.2x3.6x
Fri, 25 Oct 2024US$894.9bUS$284.8b-US$2,349,412,241.2823.6x-380.9x3.1x
Sun, 22 Sep 2024US$903.1bUS$299.4bUS$1.1b19.7x844.4x3x
Tue, 20 Aug 2024US$873.0bUS$299.1bUS$1.2b18.8x744.6x2.9x
Thu, 18 Jul 2024US$858.7bUS$290.8bUS$7.6b14.4x112.9x3x
Sat, 15 Jun 2024US$851.5bUS$291.1bUS$7.8b14.5x109.4x2.9x
Mon, 13 May 2024US$835.7bUS$290.7bUS$9.7b22.2x86x2.9x
Wed, 10 Apr 2024US$862.0bUS$287.9bUS$9.3b19.3x92.6x3x
Fri, 08 Mar 2024US$830.9bUS$287.0bUS$9.4b14.8x88.2x2.9x
Sun, 04 Feb 2024US$881.0bUS$297.1bUS$8.0b19.1x109.8x3x
Tue, 02 Jan 2024US$836.5bUS$297.3bUS$7.1b19.8x118.4x2.8x
Thu, 30 Nov 2023US$839.9bUS$297.1bUS$6.9b20.8x121.9x2.8x
Sat, 28 Oct 2023US$731.4bUS$288.2bUS$1.7b20.9x422.8x2.5x
Mon, 25 Sep 2023US$717.3bUS$287.6bUS$1.2b19.9x580.2x2.5x
Wed, 23 Aug 2023US$740.8bUS$286.5bUS$361.0m21x2052x2.6x
Price to Earnings Ratio

2052x


Total Market Cap: US$740.8bTotal Earnings: US$361.0mTotal Revenue: US$286.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Entertainment Industry Price to Earnings3Y Average -68116.8x202420252026
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 44.1x which is higher than its 3-year average PE of -68kx.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Entertainment industry have grown 289% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market0.63%
Telecom0.34%
Entertainment3.67%
Movies and Entertainment3.95%
Interactive Home Entertainment0.55%
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 101x.
    • Analysts expect its future annual earnings growth (22.5%) 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 43% over the next 5 years.
  • This is better than its past earnings growth rate of 6.4% per year.
  • In contrast, the Movies and Entertainment industry is expected to see its earnings grow by 22% 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
NFLX NetflixUS$78.165.4%
+US$16.7b		-36.9%PE23.8x
SPOT Spotify TechnologyUS$512.825.1%
+US$5.1b		-30.0%PE27.3x
DIS Walt DisneyUS$106.851.8%
+US$3.3b		-7.4%PE21.5x
WBD Warner Bros. DiscoveryUS$27.994.5%
+US$3.0b		136.2%PS1.9x
LYV Live Nation EntertainmentUS$188.464.3%
+US$1.8b		17.1%PS1.7x

Latest News

SPOT
US$512.82
Spotify Technology
7D
5.1%
1Y
-30.0%
STUB
US$8.08
StubHub Holdings
7D
-9.7%
1Y
n/a
WBD
US$27.99
Warner Bros. Discovery
7D
4.5%
1Y
136.2%
PLTK
US$2.51
Playtika Holding
7D
-14.6%
1Y
-30.9%
LION
US$11.99
Lionsgate Studios
7D
-7.6%
1Y
91.8%
LYV
US$188.46
Live Nation Entertainment
7D
4.3%
1Y
17.1%
Seeking Alpha • Aug 13

Live Nation Entertainment: Demand Remains Strong

Summary Live Nation Entertainment remains a Buy as Q2 results show robust attendance, record deferred revenue, and double-digit AOI growth in Ticketing and Sponsorship. Q2 saw 9% revenue growth, with 10% higher fan attendance and deferred revenue up 25% to $6.4 billion, supporting near-term growth visibility. Venue Nation's owned venue strategy is boosting monetization per fan, with a pipeline of >25 large venues expected to further drive AOI growth through 2027. Ticketmaster and Sponsorship are scaling internationally, delivering strong incremental margins, and providing durable, high-margin growth beyond ticket admissions. Read the full article on Seeking Alpha
ROKU
US$157.68
Roku
7D
3.0%
1Y
74.6%
MYPS
US$0.53
PLAYSTUDIOS
7D
-24.9%
1Y
-48.5%
DIS
US$106.85
Walt Disney
7D
1.8%
1Y
-7.4%
TME
US$8.84
Tencent Music Entertainment Group
7D
-7.2%
1Y
-65.4%
Seeking Alpha • Aug 12

Tencent Music: Organic Deceleration And Competition Weigh On Outlook (Rating Downgrade)

Summary Tencent Music (TME) is downgraded to Hold from Buy due to intensifying competition, especially from ByteDance's Soda Music. Organic revenue growth decelerated, with management acknowledging user churn among casual users and rising operating expenses to retain users. Social entertainment revenue declined 17% y/y, weighing on PnL despite 11% y/y growth in music services; macro headwinds persist. Valuation is now seen as fair, with risk-reward balanced until TME demonstrates sustainable user retention and cost synergies post-Ximalaya acquisition. Read the full article on Seeking Alpha
HUYA
US$2.30
HUYA
7D
-5.3%
1Y
-30.5%
Narrative Update • Aug 11

HUYA: New Casual Game Publishing Will Support Future Upside Potential

Analysts have reduced their price target for HUYA to $4.63 from $5.63. This change reflects updated assumptions for revenue growth, profit margins and a lower future P/E multiple.
NFLX
US$78.16
Netflix
7D
5.4%
1Y
-36.9%
Seeking Alpha • Aug 11

Netflix: I Underestimated The Sector Trend And Cannibalization Risk (Downgrade)

Summary Netflix is downgraded to Hold due to sector maturity, cannibalistic competition, and decelerating growth. Q2 revenue growth slowed to 13.4% YoY, with Q3 guidance at 11.7%, and FY26 revenue midpoint revised downward. NFLX remains financially solid with strong cash generation, 33.4% operating margins, and aggressive share repurchases. Valuation compression to 22–23x earnings reflects justified sector headwinds; near-term price targets are $90–$94. Read the full article on Seeking Alpha
WMG
US$25.65
Warner Music Group
7D
-2.8%
1Y
-21.1%
Narrative Update • Aug 11

WMG: Streaming Expansion And Content Partnerships Will Support Long Term Economics

Analysts have trimmed their price target on Warner Music Group by $2 to $36. They cited updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, and pointed to recent Q3 results as support for their view despite earlier exogenous pressures on sentiment.
LLYV.K
US$108.86
Liberty Live Holdings
7D
5.9%
1Y
17.1%
TKO
US$201.28
TKO Group Holdings
7D
7.9%
1Y
6.6%
AMC
US$2.50
AMC Entertainment Holdings
7D
-3.5%
1Y
-16.7%
Narrative Update • Aug 05

AMC: Premium Formats And Strong Slate Will Drive Future Operating Momentum

Analysts have lifted their implied fair value for AMC Entertainment Holdings from $3.00 to $4.00 per share, citing stronger than expected Q2 results, box office outperformance, and updated models that reflect both higher revenue and earnings expectations, alongside a continued focus on debt reduction. Analyst Commentary Bullish analysts covering AMC Entertainment Holdings point to the latest Q2 report as a key support for higher implied fair values.