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How Profitable Is ESPN? Disney Breaks Out Figures for First Time
The sports unit had revenue of $16 billion and profits of $2.9 billion in 2022 — more than Disney's entire entertainment business that year — as the company prepares a new financial reporting structure.
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This thread is just about ESPN situation, which was revealed when Disney filed with SEC new accounting procedures. For that discussion, see here:
CNBC: Disney highlights theme park strength with new financial reporting model
Disney highlights theme park strength with new financial reporting model CNBC, October 19, 2023 Disney is slightly altering how it reveals detailed financials for its theme park division. The company changed how it shares details about its merchandise, food and beverage and licensing revenue...