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The Walt Disney Company
DIS · NYSEMedia, Entertainment & Telecom
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Content & IPtalent, studios & rightsProductionmaking shows, films & mus…Aggregation &platformsstreaming, networks & age…Distribution &networkscable, theatres, venues &…Audience &advertiserswho pays attentionTALTalent & creatorsSPTSports leagues & rights-holdersSTUDisney film & TV studiosLIBContent library & franchisesDISThe Walt Disney CompanyD+Disney+ & HuluESPNESPNABCABC & linear networksCLDCloud & streaming infrastructurePRKParks, resorts & cruise lineMVPDPay-TV & MVPD distributorsCINCinemas & distributorsYOUViewers, fans & park guestsADVAdvertisers & brands
Company details
Market cap
~$210B
Revenue (FY2025)
$94.4B
Rev. growth
+3%
Disney+ subs
~126M
Experiences rev
~$36B
Net debt
~$38B
Div yield
~0.9%
Segments
3
In plain English
Disney is the broadest entertainment company on Earth, organised in three segments: Entertainment (Disney+/Hulu streaming, the film studios — Marvel, Pixar, Lucasfilm and Walt Disney/20th Century — and ABC and the linear TV networks), Sports (ESPN and the new ESPN flagship direct-to-consumer streaming app), and Experiences (theme parks and resorts, Disney Cruise Line and consumer products). It built this scale through landmark, all-completed acquisitions — Pixar (2006), Marvel (2009), Lucasfilm (2012) and 21st Century Fox's entertainment assets (~$71B, 2019) — and in 2025 bought out Comcast/NBCUniversal's ~33% Hulu stake (~$9.2B) to take full ownership of Hulu. Fiscal 2025 revenue was ~$94.4B, up ~3%.
In simple terms
What The Walt Disney Company really sells
Disney is the broadest entertainment company on Earth, organised in three segments: Entertainment (Disney+/Hulu streaming, the film studios — Marvel, Pixar, Lucasfilm and Walt Disney/20th Century — and ABC and the linear TV networks), Sports (ESPN and the new ESPN flagship direct-to-consumer streaming app), and Experiences (theme parks and resorts, Disney Cruise Line and consumer products). It built this scale through landmark, all-completed acquisitions — Pixar (2006), Marvel (2009), Lucasfilm (2012) and 21st Century Fox's entertainment assets (~$71B, 2019) — and in 2025 bought out Comcast/NBCUniversal's ~33% Hulu stake (~$9.2B) to take full ownership of Hulu. Fiscal 2025 revenue was ~$94.4B, up ~3%.
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Risk read
Moderate
SteadierMore speculative
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