What is ESPN’s stock price, and are they publicly traded? Disney (NYSE: DIS) owns ESPN and all of its subsidiaries. In 1984, ABC acquired ESPN. However, you can buy and sell Disney ($DIS). If you have Disney+, then you know ESPN+ is included in that subscription. Therefore, owning Disney is akin to owning shares in ESPN.
Even if you’re not a sports fan, I’m certain you’re familiar with ESPN. ESPN stands for Entertainment and Sports Programming Network and was established in 1979. The company is in Bristol, Connecticut. They’re the leading sports broadcaster in the United States. As of 2025, ESPN broadcasts in over 200 different countries worldwide and owns dozens of sister channels under its umbrella.
Is ESPN Publicly Traded?
Will ESPN stock ever go public? The short answer is probably not. While you shouldn’t rule anything out in the stock market, as long as Disney owns ESPN, it is unlikely to spin it off into a separate stock. ESPN has existed since 1979 and has always been a privately owned company. As long as it remains under the Disney umbrella, we shouldn’t expect to see the stock trading on any market. In other words, there won’t be an ESPN stock symbol.
ESPN Company Overview
ESPN holds the rights to broadcast most major sporting leagues, including the NFL, NCAA, NBA, NHL, and MLB. It is also well known for its exclusive programming, including College Gameday, Around the Horn, E:60, and 30 for 30.
The company is also involved in various other facets of sports, including sports betting, an exclusive partnership with Caesars Entertainment, and is a leader in the industry of fantasy sports. But is there an ESPN stock symbol?
In 1996, Disney acquired ABC and all of its subsidiaries. As a result, ESPN becomes part of one of the most dominant entertainment conglomerates.
In 2019, Disney also acquired 21st Century Fox in a blockbuster deal worth $71 billion. The deal gave Disney three of the most prominent sports broadcasting networks: Fox Sports, ABC, and ESPN.
Of course, the agreement also provided Disney with ownership of the entire Fox media library. As a result, these shows and movies are now available to view on Disney’s streaming platform, Disney+.
So you can invest in Disney without an ESPN stock symbol. And that’s a great investment for your portfolio!
Disney’s Ownership of ESPN
The Disney umbrella extends deeply into the entertainment world. And the company is no longer simply a Mickey Mouse-based organization. They’re the ESPN stock symbol. Now that you know much of the sports broadcasting world Disney owns, what other brands does the House of Mouse own? Let’s look at a few that are obvious and a few that may surprise you!
Hulu: Wait, but doesn’t Disney already have Disney+? Yes, but before that came Hulu, a U.S. exclusive channel that serves over 44 million Americans annually. It is a premium service broadcaster that agrees with other networks to air its products. Hulu also airs shows and movies from Disney and its other subsidiaries, and it recently agreed with Sony Pictures to have exclusive streaming rights to many of its properties.
Disney Movie Franchises
Marvel: The Marvel Universe and its intellectual property were acquired by Disney in 2009 for a measly $4 billion. At the time, Marvel was not as well-known as it is today.
It was a struggling franchise with a very niche audience. Then, Disney took the Marvel Comic Universe and became the highest-grossing movie franchise in history.
All Marvel Comic Universe movies have grossed over $26 billion at the global box office alone. This doesn’t include products, merchandise, or additional theme park visitors that the Marvel Comic Universe has attracted.
Star Wars: In 2012, Disney acquired Lucasfilm in another deal valued at $4 billion. While the subsequent Star Wars films have not performed as well as the Marvel Comic Universe films, it’s safe to say the franchise has more than made up for its $4 billion price tag.
Disney has incorporated Star Wars into its theme parks and merchandise, like Marvel. It has also produced several new movies, as well as the popular Mandalorian series, exclusive to Disney+.
The Muppets: Wait, Disney even owns the Muppets? That’s right, Disney acquired the Muppets from the Jim Henson Company back in 2004. While the Muppets don’t play as key a role at theme parks or in movie theaters, it’s still a valuable piece of intellectual property for the company.
ESPN Revenue and Financial Overview
| Year | Estimated Revenue ($bn) | 2025 (est.) | $17.0 |
|---|---|
| 2024 | $16.5 |
| 2023 | $16.0 |
| 2022 | $16.0 |
| 2021 | $15.3 |
Public Media Companies to Consider
| Symbol | Name |
|---|---|
| DKNG | DraftKings |
| MGM | MGM |
| WYNN | WYNN |
| CZR | Caesars Entertainment |
| PENN | Penn Gaming |
| NKE | Nike |
| FUBO | FuboTV |
While you cannot invest directly in an ESPN stock symbol, you can invest in other companies in the sports industry. Of course, if you want to invest in ESPN, you can always buy shares of Disney. There has been a clear shift in the sports world from pure broadcasting to a rise in the popularity of sports betting and fantasy sports. Consider some of ESPN’s competitors on the stock market.
DraftKings (NASDAQ: DKNG)
DraftKings has emerged as one of the industry leaders in both sports betting and Daily Fantasy Sports. The company went public via a SPAC merger in 2020 with Diamond Eagle Acquisition. The stock’s performance since its inception is somewhat misleading, as it is based on the $10.00 NAV price of SPAC stocks. Still, shares are up nearly 300% over the past seventeen months, making it a good investment for those who were able to get in early.
Here’s another fun fact about DraftKings: Disney owns a 27% stake in the company. Sports betting is anticipated to grow to a market size of $140 billion by 2028, so DraftKings is positioned well to take advantage of this global trend.
Casino Stocks (NASDAQ: CZR), MGM (NYSE: MGM), (NASDAQ: WYNN)
Every industry evolves, and the gambling industry is no exception. We have already discussed the partnership between ESPN and Caesars Entertainment (NASDAQ: CZR).
Caesars established an ESPN studio in Las Vegas at the LINQ Hotel and Casino, which will be used for betting content. Another legacy casino brand, MGM (NYSE: MGM), has created its BetMGM line of mobile betting apps in states where sports betting has been legalized.
Wynn Casino (NASDAQ: WYNN) has also established a digital betting service called WynnBET, catering to the mobile betting industry.
Penn Gaming (NASDAQ: PENN)
On August 8, 2023, Penn sold Barstool Sports back to Dave Portnoy for $1. ESPN now owns them and will rebrand them under ESPNBET. Penn has dozens of brick-and-mortar casinos and racetracks nationwide, but has broken into the mobile betting industry. However, you won’t be able to trade them under the ESPN stock symbol.
Nike (NYSE: NKE)
Nike is as dominant in the sporting apparel and fashion industry as ESPN is in broadcasting. There isn’t a professional sports league in North America that Nike does not have an impact on, particularly the NBA and the NFL.
Nike has re-established itself as a premium brand, and the stock has responded well to this evolution. The Oregon-based company has a market cap of $271 billion and is the undisputed leader in sports-related apparel. It’s too bad you can’t trade both Nike and ESPN stock.
FuboTV (NYSE: FUBO)
Meme stock lovers will have certainly heard of FuboTV, as it was once a popular stock in Reddit forums. While the legitimacy of FuboTV remains unclear, it’s an interesting concept. FuboTV is a sports streaming network that is in the process of integrating a real-time betting service for the games it broadcasts.
FuboTV will likely never reach the same level of popularity as ESPN, but it’s certainly an indication of just how popular sports betting has become. Additionally, FuboTV is available on the market, whereas an ESPN stock symbol is not.
Final Thoughts on ESPN Stock
No one can buy ESPN shares on any stock market anywhere. Therefore, if you wish to invest in ESPN, consider purchasing shares of Disney instead, as it is a more suitable investment option.
ESPN remains the leading sports broadcasting company in the United States, alongside other Disney subsidiaries like ABC and Fox Sports. While the brand focuses on broadcasting, ESPN has done a fantastic job of keeping up with the times. It’s incorporated sports betting into its programming and podcasts and has an impressive agreement with Caesars Entertainment.
As a sports fan, I couldn’t imagine not having access to ESPN. As an investor, I recognize how ingrained ESPN is in my life, and these types of products often make the best investments. Even though there’s no ESPN stock, there are several media companies that traders can invest in.
Frequently Asked Questions
Disney (DIS) owns 80% of ESPN. Hearst owns the other 20%.
80% of ESPN is owned by Disney (DIS). Hearst owns the other 20% of ESPN.
Disney remains the current majority owner of ESPN, holding an 80% stake. Hearst owns the remaining 20%.
Investors cannot purchase shares of stock in the NFL because it is not a publicly traded company. They are a sports league.
