Media, Gaming & IP
Advertising, streaming, games, music, communities, and intellectual property. This page compares reported financial scale with the customer needs and operating signals that shape sector performance.
- Companies
- 24
- Average revenue
- $11.7B
- Average margin
- 4.8%
- Average growth
- 12.4%
What this industry is really competing to solve
Demand emerges when people want entertainment, belonging, self-expression, or a shared topic worth returning to. The deeper motives are enjoyment, identity, belonging, recognition, and escape from boredom. This is why the competitive set extends beyond companies with the same industry code.
Customers can also choose other media, social feeds, games, live events, hobbies, sleep, and any other use of discretionary time. Industry growth becomes durable only when companies make the desired progress easier than those alternatives.
How demand becomes profit and cash
The common mechanism is converting attention into repeated engagement, subscriptions, advertising demand, and reusable intellectual property. Across the industry, the decisive investment question is whether content and creator investment builds reusable demand or only funds one-period hits.
Average operating profit is $1.3B, but the spread between leaders and laggards matters more than the average alone. Compare scale, margin, growth, and the leading indicators together.
Media, Gaming & IP companies
| Company | Revenue | Operating profit | Margin | Growth |
|---|---|---|---|---|
| Comcast CMCSA | $123.7B | $20.7B | 16.7% | -0.0% |
| Warner Bros. Discovery WBD | $37.3B | $738M | 2.0% | -5.1% |
| Live Nation Entertainment LYV | $25.2B | $1.3B | 5.0% | +8.8% |
| Fox Corporation FOX | $16.3B | $3.1B | 18.8% | +16.6% |
| Sirius XM SIRI | $8.6B | $1.5B | 17.2% | -1.6% |
| News Corporation NWSA | $8.5B | $923M | 10.9% | +2.4% |
| Electronic Arts EA | $7.5B | $1.2B | 15.4% | +0.9% |
| Warner Music Group WMG | $6.7B | $694M | 10.3% | +4.4% |
| Take-Two Interactive TTWO | $6.7B | -$104M | -1.6% | +18.1% |
| Snap SNAP | $5.9B | -$532M | -9.0% | +10.6% |
| Roblox RBLX | $4.9B | -$1.2B | -25.2% | +35.8% |
| Roku ROKU | $4.7B | -$6M | -0.1% | +15.2% |
| TKO Group Holdings TKO | $4.7B | $835M | 17.6% | -3.1% |
| Pinterest PINS | $4.2B | $320M | 7.6% | +15.8% |
| Match Group MTCH | $3.5B | $873M | 25.0% | +0.2% |
| The New York Times Company NYT | $2.8B | $432M | 15.3% | +9.2% |
| Reddit RDDT | $2.2B | $442M | 20.1% | +69.5% |
| Unity Software U | $1.9B | -$479M | -25.9% | +2.0% |
| Sphere Entertainment SPHR | $1.2B | -$230M | -18.9% | +18.9% |
| Madison Square Garden Sports MSGS | $1B | $15M | 1.4% | +1.2% |
| Duolingo DUOL | $1B | $136M | 13.1% | +38.8% |
| Madison Square Garden Entertainment MSGE | $863M | $122M | 14.1% | -2.6% |
| National CineMedia NCMI | $243M | -$14M | -5.8% | +0.8% |
| CuriosityStream CURI | $72M | -$7M | -9.7% | +41.2% |
