| Disaggregation of Revenue by Major Source |
The following table presents our revenues by segment and major source: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | Entertainment | | Sports | | Experiences | | Eliminations | | | | Total | | Subscription and affiliate fees | $ | 27,120 | | $ | 11,944 | | $ | — | | $ | (1,285) | | | | $ | 37,779 | | Advertising | 6,679 | | 4,444 | | — | | — | | | | 11,123 | | Theme park admissions | — | | — | | 11,707 | | — | | | | 11,707 | | Retail and wholesale sales of merchandise, food and beverage | — | | — | | 9,642 | | — | | | | 9,642 | | Resort and vacations | — | | — | | 9,210 | | — | | | | 9,210 | | Merchandise licensing | 643 | | — | | 3,236 | | — | | | | 3,879 | | TV/VOD and home entertainment distribution | 3,507 | | 267 | | — | | — | | | | 3,774 | | Theatrical distribution licensing | 2,592 | | — | | — | | — | | | | 2,592 | | Other | 1,925 | | 1,017 | | 2,361 | | (584) | | | | 4,719 | | $ | 42,466 | | $ | 17,672 | | $ | 36,156 | | $ | (1,869) | | | | $ | 94,425 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | Entertainment | | Sports | | Experiences | | Eliminations | | | | Total | | Subscription and affiliate fees | $ | 25,668 | | $ | 12,068 | | $ | — | | $ | (1,183) | | | | $ | 36,553 | | Advertising | 7,506 | | 4,388 | | — | | — | | | | 11,894 | | Theme park admissions | — | | — | | 11,171 | | — | | | | 11,171 | | Retail and wholesale sales of merchandise, food and beverage | — | | — | | 9,204 | | — | | | | 9,204 | | Resort and vacations | — | | — | | 8,375 | | — | | | | 8,375 | | Merchandise licensing | 642 | | — | | 3,142 | | — | | | | 3,784 | | TV/VOD and home entertainment distribution | 3,051 | | 305 | | — | | — | | | | 3,356 | | Theatrical distribution licensing | 2,266 | | — | | — | | — | | | | 2,266 | | Other | 2,053 | | 858 | | 2,259 | | (412) | | | | 4,758 | | $ | 41,186 | | $ | 17,619 | | $ | 34,151 | | $ | (1,595) | | | | $ | 91,361 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | Entertainment | | Sports | | Experiences | | Eliminations | | | | Total | | Subscription and affiliate fees | $ | 23,789 | | $ | 12,107 | | $ | — | | $ | (1,084) | | | | $ | 34,812 | | Advertising | 7,594 | | 3,920 | | 4 | | — | | | | 11,518 | | Theme park admissions | — | | — | | 10,423 | | — | | | | 10,423 | | Retail and wholesale sales of merchandise, food and beverage | — | | — | | 8,921 | | — | | | | 8,921 | | Resort and vacations | — | | — | | 7,949 | | — | | | | 7,949 | | Merchandise licensing | 619 | | — | | 2,509 | | — | | | | 3,128 | | TV/VOD and home entertainment distribution | 3,576 | | 347 | | — | | — | | | | 3,923 | | Theatrical distribution licensing | 3,174 | | — | | — | | — | | | | 3,174 | | Other | 1,883 | | 737 | | 2,743 | | (313) | | | | 5,050 | | $ | 40,635 | | $ | 17,111 | | $ | 32,549 | | $ | (1,397) | | | | $ | 88,898 |
|
| Disaggregation of Revenue by Geographical Markets |
The following table presents our revenues by segment and primary geographical markets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | Entertainment | | Sports | | Experiences | | Eliminations | | Total | | Americas | $ | 33,815 | | $ | 17,266 | | $ | 27,218 | | $ | (1,869) | | $ | 76,430 | | Europe | 6,317 | | 292 | | 4,481 | | — | | 11,090 | | Asia Pacific | 2,334 | | 114 | | 4,457 | | — | | 6,905 | | | | | | | | | | | | $ | 42,466 | | $ | 17,672 | | $ | 36,156 | | $ | (1,869) | | $ | 94,425 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | Entertainment | | Sports | | Experiences | | Eliminations | | Total | | Americas | $ | 31,722 | | $ | 16,432 | | $ | 25,603 | | $ | (1,595) | | $ | 72,162 | | Europe | 5,805 | | 396 | | 4,078 | | — | | 10,279 | | Asia Pacific | 3,659 | | 791 | | 4,470 | | — | | 8,920 | | | | | | | | | | | | $ | 41,186 | | $ | 17,619 | | $ | 34,151 | | $ | (1,595) | | $ | 91,361 | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | Entertainment | | Sports | | Experiences | | Eliminations | | Total | | Americas | $ | 31,414 | | $ | 16,000 | | $ | 25,188 | | $ | (1,397) | | $ | 71,205 | | Europe | 5,475 | | 370 | | 3,688 | | — | | 9,533 | | Asia Pacific | 3,746 | | 741 | | 3,673 | | — | | 8,160 | | | | | | | | | | | | $ | 40,635 | | $ | 17,111 | | $ | 32,549 | | $ | (1,397) | | $ | 88,898 | | | | | | | | | | | | | | | | | | | | |
|