In this article, we will be taking a look at the 5 largest media companies in the world in 2023. If you wish to learn about the global media landscape and recent writer’s strike, head straight to the 17 Largest Media Companies In The World In 2023.
5. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Total Revenue 2022: $33.81 billion
Warner Bros. Discovery, Inc. (NASDAQ:WBD), one of the largest media companies in the world, planned to launch a free, ad-supported streaming TV service in 2023, focusing on content diversity and creation. They invest in content and streaming services.
4. Charter Communications, Inc. (NASDAQ:CHTR)
Total Revenue 2022: $54.02 billion
Charter Communications, Inc. (NASDAQ:CHTR), a media and telecom company, reported Q2 2023 revenue of $13.7 billion, with growth driven by internet, mobile service, and device sales. Their net income was $1.2 billion, and Adjusted EBITDA reached $5.5 billion. They’re actively expanding broadband access to underserved communities.
3. The Walt Disney Company (NYSE:DIS)
Total Revenue 2022: $82.7 billion
The Walt Disney Company (NYSE:DIS), a global entertainment giant, plans to nearly double its investment in its parks, experiences, and products segment over the next decade. CEO Bob Iger identifies film studios, the parks business, and streaming as growth drivers. They aim to offer ESPN as a standalone option. In Q2 2023, The Walt Disney Company (NYSE:DIS) reported $1.49 billion in net income, with revenue at $21.82 billion, and their parks division saw a 17% YoY revenue increase. Disney restructured into three segments, with a focus on streaming. While they showed subscriber growth for Disney+, they also reported substantial losses.
2. AT&T Inc. (NYSE:T)
Total Revenue 2022: $120.74 billion
AT&T Inc. (NYSE:T), a connectivity provider and one of the largest media companies in the world in 2023, focuses on expanding its fiber network and improving 5G coverage. They aim to simplify their product portfolio and are committed to nationwide internet access. In 2022, they had strong results with 2.9 million postpaid phone net additions. Their capital investment reached a record high of $24.3 billion, primarily for 5G and fiber. They invest in expanding fiber and 5G, engage in public-private partnerships for broadband infrastructure, collaborate with BlackRock for fiber networks, and achieve space-based direct voice calls with AST SpaceMobile.
1. Comcast Corporation (NASDAQ:CMCSA)
Total Revenue 2022: $121.34 billion
Comcast Corporation (NASDAQ:CMCSA)’s Project UP invests $1 billion to expand internet access and promote digital skills. They aim for growth in mobile services while their cable TV and broadband sectors face challenges. Comcast has met its $100 million social justice pledge and continues with Project UP. Key investors include Vanguard Group Inc., State Street Corp, and Wells Fargo Company.
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