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Entertainment companies are back in the financial market spotlight, with the entertainment and media industry experiencing a rise in their revenues. PR Newswire reports that the E&M spend per capita is US$2,229 in the US, US$1,158 in Western Europe, and about US$224 in Asia Pacific. Due to the high E&M spend per capita across the world, it is expected that television, streaming, music, and even gaming companies will continue to increase their revenues up to 2026.
These high revenues serve as good news, especially for traders who want to earn profit from the stocks of entertainment companies. So if you want to trade in entertainment companies, here’s what you need to know about the performance of these popular stocks:
Walt Disney is one of the most popular entertainment companies in the world. Their fame has endured for many decades now, which is why many people consider their stocks for trading.
Though the profit and revenue of Walt Disney met the estimates of Wall Street analysts, the shares of the company fell by nearly 9% due to the reported loss of four million Disney+ subscribers. The good news is that the company’s stock has bounced back to over 6%. Traders can expect that the stock of Disney will steadily grow, as the company predicts Disney+ to be profitable by 2024. The company will also continue to make big franchise films and TV shows through its Marvel and Star Wars lines.
While Disney+ is not faring well as a streaming service, Netflix continues to thrive in the market because it remains the most popular streaming service to date.
As such, it’s not surprising that Netflix stocks are also thriving in the stock trading market. Netflix’s first-quarter earnings result beat the analysts’ estimates because they brought in $2.88 per share earnings. The company’s stock also continues to do well because it is able to advance by 11.6% year-to-date so far. This percentage can further increase, especially as the company continues to stream hit movies and TV shows.
Aside from streaming service companies, gaming companies are also becoming popular stocks among traders. In fact, one of the most popular gaming stocks among traders is Electronic Arts because of its performance as a company and as a stock.
Electronic Arts is one of the companies in the stock trading market with a low average spread of 1.1 pips. This relatively low spread signifies that there is a tight difference between the asking and buying price for Electronic Arts stocks due to their high liquidity and low volatility. On top of that, Electronic Arts stocks have consistently beaten the S&P 500 index to date, which shows its profitability for trading.
Stocks from South Korean companies also have a lot of growth potential, especially now that Korean music and movies are becoming known worldwide.
Traders can even maximise their growth potential by trading the stock of HYBE, the company behind BTS. Bernie Cho, a Seoul-based music industry executive, states that HYBE has the power to be in the same league as the big three major record labels, like Sony, Universal, and Warner Music. After all, the music company has acquired other companies managing global celebrities, such as Justin Bieber, Ariana Grande, and Demi Lovato. Traders can expect to earn profit from HYBE stocks, which are expected to increase further in the next few years as the company plans to expand worldwide.
There are plenty of good reasons behind these stocks’ popularity in the financial market. Now that their revenues are rapidly growing, you can earn profits from these popular stocks by trading them.
If you enjoyed this article, many more like it are in our business and money section.
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