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About $9 billion
- ESPN has lost 19% of its pay-TV subscribers since 2018, and sports rights remain its biggest expense at about $9 billion in 2023, Bloomberg Intelligence analyst Geetha Ranganathan said in a Friday note to clients that this cost was up more than 20% from about $7.3 billion in 2022.
www.thewrap.com/disney-espn-future-financials/What's Next for ESPN? Financials Signal Urgent Need to Pivot
Nov 8, 2023 · Domestic ESPN revenue and operating income grew year over year in both fiscal year 2022 and fiscal year 2023, demonstrating the value of sports and the power of the ESPN brand.
- The Walt Disney Company
Fiscal 2023 spend on produced and licensed content,...
- The Walt Disney Company
Nov 21, 2023 · Disney’s Fiscal 2023 Results: Content Spending Eases, Streaming Proceeds Eclipse Affiliate Revenue As ESPN Penetration Falls To 71M Households. Disney crossed a key threshold in fiscal 2023 ...
For the fiscal year ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Commission File Number 001-38842 Delaware 83-0940635 State or Other Jurisdiction of I.R.S. Employer Identification Incorporation or Organization
Disney made $3.92 billion from advertising on sports platforms like ESPN during its fiscal year 2023.
Oct 19, 2023 · Recast figures that fit Disney’s new financial reporting show “just how much of a cash-cow ESPN is” for the company, according to Anuron Mitra of SEEKING ALPHA. ESPN made $12.56B in revenue in the nine months ended July 1, 2023, and had operating income coming in at $1.89B.
Oct 19, 2023 · ESPN generated $12.6 billion in revenue during the nine months that ran through July 1, up from $12.3 billion in the comparable period a year before. The business brought in $1.9 billion in...
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Nov 8, 2023 · Fiscal 2023 spend on produced and licensed content, including sports rights, was $27 billion, nearly $3 billion below the prior year as we significantly reduced our spend on entertainment content.
