Entertainment

8 companies · $180B combined revenue · $32.5B operating profit

The typical US-listed entertainment company grew revenue 6.7% and earnings 26.1% in its latest year, at a 7.2% operating margin, and 2 of 7 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

6.7%Median revenue growth
26.1%Median earnings growth
10.5%Median revenue growth, 3 yrs
34.7%Median earnings growth, 3 yrs
7.2%Median operating margin
10.5%Median ROCE

Growth engines: the 4 Cylinders

All four working: 25% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more25%
  • Operating leverage · Operating income growing faster than a growing revenue80%
  • Margin expansion · Operating margin up 1 point or more88%
  • Debt reduction · Debt down 5% or more, or net cash50%

Combined revenue · 7 companies reporting in US dollars

Revenue
$0$50B$100B$150B$200BFY21FY22FY23FY24FY25

Combined operating margin

Operating margin
0%5%10%15%20%FY21FY22FY23FY24FY25

All 8 companies

Median–6.7%26.1%7.2%10.5%0.46x
NFLXNetflix$45.2B15.9%▲26.1%29.5%▲29.9%▲0.54x▼
DISWalt Disney$94.4B3.4%▼149%▲18.6%▲10.7%▲0.38x▲
SPOTSpotify TechnologyEUR 17.2B9.7%▲94.4%▲12.8%▲24.6%▲0.18x▲
LYVLive Nation Entertainment$25.2B8.8%▲-44.7%▼5%▼10.5%28x▼
ROKUROKU$4.7B15.2%▲–-0.1%▼-0.2%▼–
CNKCinemark$3.1B2.1%▼-55.4%▼9.5%▲––
LIONLionsgate Studios$2.6B1.8%▼–3.7%▼4.3%▼–
AMCAMC Entertainment$4.8B4.6%▼–-0.4%▼-0.3%▼–

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).