Walt Disney (NYSE: DIS) is giving investors a better look at its financials, breaking out its sports business from the entertainment business. And that can give media stock investors a much better idea of how profitable entertainment media is for a company versus spending big on sports rights.

One media company that's avoided sports rights so far is (NASDAQ: NFLX). While the streaming leader spends heavily on its entertainment content, it's been able to steadily grow profits since its global expansion in 2016. But Disney's new financial reporting shows just how much more room there is for Netflix to grow.

Netflix's primary measure of profitability is its operating margin.

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Source Fool.com