Should you watch these US entertainment stocks this year?

Highlights

• It is essential to conduct thorough research and analysis of these stocks before making any investment decisions.
• This streaming company is famous worldwide, and as of writing, Netflix has a market cap of US$ 154.4 billion.
• Established in 1923, Walt Disney is a mass media and entertainment conglomerate.

There are various entertainment stocks available in the US market. Some of the top entertainment stocks include The Walt Disney Company, Netflix, Take-Two Interactive, Electronic Arts, and Roku. These businesses operate in various entertainment sectors, including film, television, streaming, and gaming. Before making any investment decisions, careful research and analysis of these stocks are necessary.

For investors interested in entertainment stocks, it is also important to be aware of the frequently asked questions related to these stocks. Some of the commonly asked questions include the best entertainment stocks to invest in and the factors that affect the performance of entertainment stocks.

In this article, we will look at the performances of two particular entertainment stocks and see how they've fared in the past.

Netflix Inc. (NASDAQ:NFLX)

This streaming company is famous worldwide, and as of writing, Netflix has a market cap of US$ 154.4 billion. In January, the company tapped Nielsen to get global audience insights for making informed business decisions.

In Q4 2022, Netflix said its revenue and operating profit exceeded its expectations. The revenue increased to US$ 7,852 million from US$ 7,709 million in Q4 2021.

The net cash provided by operating activities was US$ 444 million in Q4 2022 compared to a negative US$ 403 million.

In Q1 2023, the company expects to clock a revenue of US$ 8,172 million and net income of US$ 1,275 million.

Walt Disney Company (NYSE:DIS)

In 1923, Walt Disney, a media and entertainment empire, was founded. At the time this article was written, the company's market capitalisation was US$ 181.89 billion.

In Q1 2023, the revenues of Walt Disney amounted to US$ 23.5 billion compared to US$ 21.8 billion in Q1 2022, reflecting a growth of eight per cent year-over-year (YoY).

The company's net income increased by 11 per cent YoY to US$ 1,279 million. However, the total segment operating income was down by seven per cent YoY to US$ 3,043 million.