# Who are The Walt Disney Company's customers? Who does The Walt Disney Company earn revenue from?
Canonical: https://valuechain.wiki/disney · Facet: customers · Updated: 2026-09-24T11:00:19.369126+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: The Walt Disney Company's confirmed revenue counterparties include Charter Communications, Inc. plus 3 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 4 revenue edges, backed by 7 dated sources, 2 of them primary filings (as of 2026-09-24).

### 소비자·구독 (엔터테인먼트: 디즈니+·훌루·스튜디오) (high)
- metric: Amount $41.2 · FY2024 · Entertainment revenue (US$B)
- note: The Entertainment segment earns $41.2B from Disney+ and Hulu subscriptions, studio hits and linear networks; streaming turned its first profit in 2024.
- [mentions] MarketScreener (EN, research, published 2026-06-01) https://www.marketscreener.com/quote/stock/THE-WALT-DISNEY-COMPANY-4816/consensus/: "Analyst consensus — deepening DTC profitability and Experiences underpin the re-rating; linear decline and sports-rights costs are the watch items."
- [confirms] SEC EDGAR (EN, filing, published 2025-11-13) https://www.sec.gov/Archives/edgar/data/1744489/000174448925000155/dis-20250927.htm: "The FY2025 10-K (period ended 2025-09-27) reports revenue across three segments: Entertainment (Disney+, Hulu, studios, linear), Sports (ESPN) and Experiences (parks, cruises)."
- [confirms] The Walt Disney Company (EN, ir, published 2024-11-14) https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-reports-fourth-quarter-and-full-year-earnings-for-fiscal-2024/: "Fiscal 2024 revenue was $91.4B, with Entertainment at $41.2B; combined DTC streaming posted $321M of operating income in Q4, its first profit."
- [confirms] SEC (Disney 10-K) (EN, filing, published 2024-11-14) https://www.sec.gov/Archives/edgar/data/1744489/000174448924000276/dis-20240928.htm: "Disney reports in three segments, Entertainment, Sports and Experiences, with Entertainment including DTC streaming, content sales and linear networks."
- [confirms] Newspim (KO, news, published 2024-08-08) https://www.newspim.com/news/view/20240807001174: "Disney's Disney+, Hulu and ESPN+ streaming turned its first profit after $11B of losses over five years, with subscription price hikes driving revenue growth."

### 소비자 (경험: 파크·리조트·크루즈·소비재) (high)
- metric: Amount $34.2 · FY2024 · Experiences revenue (US$B)
- note: The Experiences segment earned a record $34.2B from theme parks, resorts, cruises and consumer products, directly exposed to consumer and travel demand.
- [confirms] The Walt Disney Company (EN, ir, published 2024-11-14) https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-reports-fourth-quarter-and-full-year-earnings-for-fiscal-2024/: "Experiences posted record annual revenue of $34.2B and record operating income in fiscal 2024."
- [confirms] Newspim (KO, news, published 2024-08-08) https://www.newspim.com/news/view/20240807001174: "The theme-parks business grew slightly to $8.39B in revenue in the quarter, but operating income fell 3.3% on higher costs and soft consumer demand."

### 광고·구독 (스포츠: ESPN·ESPN+) (high)
- metric: Amount $17.6 · FY2024 · Sports revenue (US$B)
- note: The Sports segment earns $17.6B from ESPN and ESPN+, heavily advertising-driven, with domestic ESPN ad revenue growth helping the streaming profit.
- [confirms] The Walt Disney Company (EN, ir, published 2024-11-14) https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-reports-fourth-quarter-and-full-year-earnings-for-fiscal-2024/: "The Sports segment posted $17.6B of revenue (+3%), supported by growth in ESPN advertising."

### 차터 커뮤니케이션스 (mid)  → /charter-communications.md
- metric: Amount $2.2B (est.) · 2019 carriage agreement annual average · Estimated average annual Disney carriage consideration paid by Spectrum, reported by AP citing S&P Global
- note: Disney provides its networks and streaming services through Spectrum pay TV and receives carriage consideration from Charter, with AP, citing an S&P Global estimate, putting the average annual value of the 2019 carriage agreement at $2.2 billion.
- [confirms] Korea Creative Content Agency (KO, analysis, published 2024-08-12) https://www.kocca.kr/trend/vol39/file/Broadcasting_Trends_vol39.pdf: "Charter raised carriage payments to Disney and added Disney+ and ESPN+ to Spectrum packages."
- [confirms] Associated Press (EN, news, published 2023-09-01) https://apnews.com/article/disney-spectrum-cable-stations-cutoff-charter-e23fc3daa2b91df92ad9efe04bd79da0: "Disney gets an average of $2.2 billion per year"

Reverse side: https://valuechain.wiki/disney/suppliers.md · Ripple: https://valuechain.wiki/disney/ripple.md

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Full node: https://valuechain.wiki/disney.md · JSON: https://valuechain.wiki/disney.json