> MoffettNathanson runs the numbers and comes to the conclusion that YouTube’s estimated $62 billion in 2025 will have allowed it to pass The Walt Disney Co.’s media business, which generated $60.9 billion last year (excluding Disney’s lucrative experiences division).

Just for reference in 2025 annual year, the experiences division generated just a casual $36 billion with a pretty high profit margin.

This really doesn't seem like an apples to apple comparision. Youtube is nothing like Disney fundamentally

Also pretty sure Disney generates more revenue from merchandise and other licensing agreements to use its media in derivative products than it does from the media itself.