Disney Reports $13.2B Revenue and $1.9B Profit for ESPN Ahead of Standalone Spinoff

Disney unveiled financial details for its ESPN sports segment ahead of breaking it out as a standalone business next quarter.

ESPN had $13.2 billion in revenue and $1.5 billion in operating income in the first 9 months of fiscal 2023.

ESPN revenue mainly comes from affiliate fees ($8+ billion), advertising ($3.2 billion), and subscription fees ($1.1 billion).

ESPN alone likely had a profit closer to $1.9 billion in the first 9 months after excluding Star India's $444 million operating loss.

Disney's new "Experiences" segment, including parks, had $24.4 billion revenue and $7.2 billion operating profit in the first 9 months.