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.
Just how profitable is ESPN to The Walt Disney Co.
? For the first time, there’s a clear answer, and it shows just how lucrative the sports business is for the company. Beginning next quarter, Disney will change how it reports its quarterly financials. The move comes after CEO Bob Iger’s reorganization earlier this year to
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