Prof G Markets OpenAI’s $500B Valuation + Key Takeaways from Disney and Uber Earnings
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Aug 7, 2025 
Jason Bazinet, Managing Director of Media and Entertainment Research at Citigroup, shares insights into Disney's earnings, discussing the challenges of traditional business models and the NFL deal. Meanwhile, Mark Mahaney, Senior Managing Director at Evercore, breaks down Uber's impressive revenue growth and market positioning in the race for autonomous vehicles. They explore how both companies are adapting to a rapidly changing landscape and what it means for their futures in a competitive marketplace.
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OpenAI's $500B Private Valuation
- OpenAI reached a $500 billion valuation through a secondary share sale, making it the most valuable private company ever.
- This showcases the private markets' growth, offering liquidity and capital outside public IPOs, though retail investors remain excluded.
Disney's Focus Shifts to Parks
- Disney's earnings beat but stock fell due to only a small earnings guidance raise, disappointing street expectations.
- Streaming growth remains slow, making the parks/experiences segment the current key driver for investors.
Novel NFL-ESPN Partnership Structure
- The new NFL-ESPN deal where the NFL takes a 10% stake in ESPN is a novel structure linking a sports league with its broadcaster.
- This creates aligned incentives and negotiating leverage amid rising rights costs from tech giants.