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Sunday, November 10, 2024
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UPCOMING EVENTS

ESPN Touts Social Media Success Following Second Year of Most-Followed Status

Shortly after The Walt Disney Company released financial results for individual divisions under its strategic reorganization – which revealed $2.9 billion in profit for ESPN – the sports network revealed additional information about its yearly performance. The network’s 2022-2023 fiscal year runs from October through September and resulted in the largest overall viewership in four fiscal years.

Moreover, viewership within the persons 18-49 demographic was up 5% on the year, with the network reporting its largest gains in the third quarter.

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The viewership data is provided by Nielsen Media Research, which also revealed that the network’s total day audience experienced a 2% rise in the year. ESPN amassed an average of 721,000 viewers with nearly 40% of the audience coming from the P18-49 demographic above.

ESPN retained its position as the No. 1 sports network by average audience, and also ranks as the No. 3 network overall on cable television. The network’s sports viewership share, which excludes ESPN on ABC or its other cable networks, is 31.5%, an increase over the previous two fiscal years.

The network’s streaming platform – ESPN+ – garnered an 11% rise in unique viewers year-over-year and also experienced a 15% increase in minutes viewed. Digital platforms accrued 111 million monthly unique visitors, equating to growth of 4% from the last fiscal year. Additionally, these figures surpass the closest competitor by 49%, reaffirming the network’s commitment and innovation in this space.

On social media, ESPN recently became the most-followed brand on TikTok and is up 25% with its engagements year-over-year. Across multiple platforms – including Facebook, X (formerly Twitter), Instagram, and TikTok – ESPN procured 8.7 billion social media engagements, marking its 24th straight month of being No. 1 in the category.

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Aside from its coverage of live sports, the network is closing in on the conclusion of its second month under a new daytime programming lineup. The Pat McAfee Show collected record-setting viewership on digital and linear platforms, while First Take recently attained its 14th consecutive month of YoY viewership growth.

These figures come at a time when Disney is looking for a strategic partner to purchase a minority equity stake in ESPN, concurrent with the development of a direct-to-consumer platform under the project name “Flagship.”

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