The company said quarterly revenue was comparable to the prior-year quarter at $23.5 billion, and net income attributable to Disney was $1.9 billion (versus $1.3 billion in the prior-year quarter), with diluted EPS at $1.04 (versus $0.70 in the prior-year quarter).

1. 01

   The company said quarterly revenue was comparable to the prior-year quarter at $23.5 billion, and net income attributable to Disney was $1.9 billion (versus $1.3 billion in the prior-year quarter), with diluted EPS at $1.04 (versus $0.70 in the prior-year quarter).

2. 02

   Disney said its Direct-to-Consumer operating loss narrowed by $846 million to $138 million from $984 million in the prior-year quarter, citing a lower loss at Disney+ and higher operating income at Hulu as the factors.

3. 03

   The company said Linear Networks operating income fell $94 million to $1,236 million from $1,330 million in the prior-year quarter, and it attributed the decline to decreases at its domestic and international businesses and lower income from equity investees.

4. 04

   The company said cost of services decreased 6%, or $0.9 billion, to $13.9 billion, mainly due to lower programming and production costs and lower technical support costs.

Key figures

Quarter ended December 30, 2023

Revenue

$23.5B

Operating income

$3.9B

Net income

$1.9B

EPS

$1.04

Operating cash flow

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.