11 Best Entertainment Stocks to Buy – Yahoo Finance

by | Oct 14, 2022 | Entertainment

In this article, we discuss the 11 best entertainment stocks to buy. To skip the detailed analysis of the entertainment industry, go directly to 5 Best Entertainment Stocks to Buy.In recent years, the entertainment segment showed a mixed market outlook. Due to the pandemic, the home media and entertainment segment saw a rise, as consumers avoided outdoor events. According to Statista, the global entertainment revenue is expected to be $29.35 billion at the end of 2022 and is expected to reach $40.74 billion by 2026, growing at a CAGR of 8.54%. Most of the revenue is expected to be generated from advertising.Social media is likely to experience a significant change due to shoppable media with social media commerce sales expected to reach $45 billion by the end of the year. In 2021, 39% of US customers claimed that they spent more on goods than experiences in the last twelve months.Among these mixed market trends, the best entertainment stocks include The Walt Disney Company (NYSE:DIS), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), and Formula One Group (NASDAQ:FWONK). 11 Best Entertainment Stocks to BuyOur MethodologyAfter a careful assessment of the entertainment industry, we picked these 11 stocks based on fundamentals, growth catalysts, financial metrics, and analyst ratings. The hedge fund sentiment around each stock has also been added. It was taken from Insider Monkey’s database of 895 elite hedge funds.11. News Corporation (NASDAQ:NWS)Number of Hedge Fund Holders: 13News Corporation (NASDAQ:NWS) is a New-York based mass media and entertainment company. The company also has real estate and book publishing services.News Corporation (NASDAQ:NWS) makes it to the list of the best entertainment stocks as it is trading at $15.82 as of October 11, which is near its 52-week lows despite a solid performance in FY2022. The company exited the year with an 11% increase in revenues and 31.1% in segment EBITDA over the year. The net income was up by 95.4% and net income attributable to shareholders represented an 88.8% increas …

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