The company said revenue for the quarter ended March 30, 2024 rose 1%, or $0.3 billion, to $22.1 billion. Net income attributable to Disney was a loss of $20 million, compared with income of $1.3 billion a year earlier, and diluted earnings per share attributable to Disney was a loss of $0.01, compared with income of $0.69 a year earlier.

10-QQuarterly reportFiled May 7, 2024Period of report Mar 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said revenue for the quarter ended March 30, 2024 rose 1%, or $0.3 billion, to $22.1 billion. Net income attributable to Disney was a loss of $20 million, compared with income of $1.3 billion a year earlier, and diluted earnings per share attributable to Disney was a loss of $0.01, compared with income of $0.69 a year earlier.
The company said it recorded goodwill impairment charges of $2,052 million related to the Star India Transaction and entertainment linear networks in the current quarter. It cited the impairment as the reason for the decline in EPS, partially offset by higher operating income at Entertainment and Experiences.
The company said Linear Networks operating income fell $207 million to $752 million in the quarter, compared with $959 million a year earlier, with declines at both domestic and international businesses. It said total Entertainment operating income rose due to improved results at Direct-to-Consumer.
The company said revenue for the 6 months ended March 30, 2024 rose $0.3 billion to $45.6 billion. Net income attributable to Disney fell $0.7 billion to $1.9 billion, and EPS decreased to $1.03 from $1.39 a year earlier.

Key figures

Quarter ended March 30, 2024

Revenue: $22.1B
Operating income: $3.8B
Net income: −$20M
EPS: −$0.01

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Quarterly Revenue $22.1 billion, Net Loss $20 million

The company said revenue for the quarter ended March 30, 2024 rose 1%, or $0.3 billion, to $22.1 billion. Net income attributable to Disney was a loss of $20 million, compared with income of $1.3 billion a year earlier, and diluted earnings per share attributable to Disney was a loss of $0.01, compared with income of $0.69 a year earlier.

Source · Based on the MD&A text of the filing

Goodwill Impairment Charges $2,052 million

The company said it recorded goodwill impairment charges of $2,052 million related to the Star India Transaction and entertainment linear networks in the current quarter. It cited the impairment as the reason for the decline in EPS, partially offset by higher operating income at Entertainment and Experiences.

Source · Based on the MD&A text of the filing

Linear Networks Operating Income $752 million

The company said Linear Networks operating income fell $207 million to $752 million in the quarter, compared with $959 million a year earlier, with declines at both domestic and international businesses. It said total Entertainment operating income rose due to improved results at Direct-to-Consumer.

Source · Based on the MD&A text of the filing

6-Month Revenue $45.6 billion, EPS $1.03

The company said revenue for the 6 months ended March 30, 2024 rose $0.3 billion to $45.6 billion. Net income attributable to Disney fell $0.7 billion to $1.9 billion, and EPS decreased to $1.03 from $1.39 a year earlier.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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