AI English summary of an SEC filing — figures as filed
The Walt Disney Company DISThe company said fiscal 2024 revenue rose 3%, or $2.5 billion, to $91.4 billion, and net income attributable to Disney was $5.0 billion (compared with $2.4 billion in the prior year), while diluted EPS from continuing operations was $2.72 (compared with $1.29 in the prior year).
Key points
AI summaryThe company said fiscal 2024 revenue rose 3%, or $2.5 billion, to $91.4 billion, and net income attributable to Disney was $5.0 billion (compared with $2.4 billion in the prior year), while diluted EPS from continuing operations was $2.72 (compared with $1.29 in the prior year).
Disney said its Direct-to-Consumer operating results improved by $2,639 million to operating income of $143 million (compared with an operating loss of $2,496 million in the prior year), and it cited improved results at Disney+ as a factor.
The company said Linear Networks operating income fell 16% to $3,452 million (compared with $4,119 million in the prior year), citing decreases at its domestic and international businesses and lower income from equity investees.
The company said it recorded non-cash goodwill impairment charges of $0.7 billion in Q2 and $0.6 billion in Q4 of fiscal 2024, related to its entertainment linear networks reporting unit, and also recorded a non-cash impairment charge of $1.5 billion related to the Star India Transaction.
Key figures
Fiscal year ended September 28, 2024
- Revenue
- $91.4B
- Operating income
- $15.6B
- Net income
- $5.0B
- EPS
- $2.72
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Annual Revenue, Net Income and EPS Rise
The company said fiscal 2024 revenue rose 3%, or $2.5 billion, to $91.4 billion, and net income attributable to Disney was $5.0 billion (compared with $2.4 billion in the prior year), while diluted EPS from continuing operations was $2.72 (compared with $1.29 in the prior year).
Source · Based on the MD&A text of the filing
Direct-to-Consumer Swings to Operating Income
Disney said its Direct-to-Consumer operating results improved by $2,639 million to operating income of $143 million (compared with an operating loss of $2,496 million in the prior year), and it cited improved results at Disney+ as a factor.
Source · Based on the MD&A text of the filing
Linear Networks Operating Income Declines
The company said Linear Networks operating income fell 16% to $3,452 million (compared with $4,119 million in the prior year), citing decreases at its domestic and international businesses and lower income from equity investees.
Source · Based on the MD&A text of the filing
Goodwill and Asset Impairments Recognized
The company said it recorded non-cash goodwill impairment charges of $0.7 billion in Q2 and $0.6 billion in Q4 of fiscal 2024, related to its entertainment linear networks reporting unit, and also recorded a non-cash impairment charge of $1.5 billion related to the Star India Transaction.
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.
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