Disney's Linear Networks currently generates the most revenue, but its Parks, Experiences and Products business is recovering from the COVID-19 pandemic and currently generates the most profits.
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Disney's most profitable areaDisney's media and entertainment division generated a significant portion of its total revenue at 55 billion U.S. dollars in 2022. This segment includes television and cable channels, as well as streaming service Disney+, amongst others.
On Tuesday, Disney offered a clearer picture of the opportunity it sees, which can only be described as colossal: The company disclosed in a security filing that it planned to spend roughly $60 billion over the next decade to expand its domestic and international parks and to continue building Disney Cruise Line.
Amazon (NASDAQ:AMZN) carries a market capitalization of $1.56 trillion, about 4x last year's sales of $386 billion. But when you look at Disney (NYSE:DIS) stock, the company is worth $375 billion, or 5.4x fiscal 2020's revenue of $65 billion.
The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023. BURBANK, Calif. —The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively.