AI English summary of an SEC filing — figures as filed
The Walt Disney Company DISThe Walt Disney Company said revenues for the quarter increased 2%, or $0.5 billion, to $23.7 billion; net income attributable to Disney increased to $5.3 billion from $2.6 billion; and diluted earnings per share attributable to Disney increased to $2.92 from $1.43.
Key points
AI summaryThe Walt Disney Company said revenues for the quarter increased 2%, or $0.5 billion, to $23.7 billion; net income attributable to Disney increased to $5.3 billion from $2.6 billion; and diluted earnings per share attributable to Disney increased to $2.92 from $1.43.
The company said the effective tax rate for the quarter was negative 85.1%, compared to a positive 8.1% in the prior-year quarter, and included a $3.3 billion non-cash tax benefit recognized upon the change in Hulu's U.S. income tax classification.
The company said service revenues for the quarter of $21.2 billion included an approximate 3 percentage points decrease from the Star India Transaction, and cost of services of $13.0 billion included an approximate 7 percentage points decrease from the Star India Transaction.
The company said restructuring and impairment charges for the quarter were $185 million, primarily for an impairment of an equity investment. Income from equity investees was $75 million, compared to $146 million in the prior-year quarter, and the company cited a loss from the India joint venture in the current quarter as the primary factor.
Key figures
Quarter ended June 28, 2025
- Revenue
- $23.6B
- Operating income
- $4.6B
- Net income
- $5.3B
- EPS
- $2.92
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.
Quarterly revenues $23.7 billion, net income $5.3 billion
The Walt Disney Company said revenues for the quarter increased 2%, or $0.5 billion, to $23.7 billion; net income attributable to Disney increased to $5.3 billion from $2.6 billion; and diluted earnings per share attributable to Disney increased to $2.92 from $1.43.
Source · Based on the MD&A text of the filing
$3.3 billion non-cash tax benefit from Hulu tax classification change
The company said the effective tax rate for the quarter was negative 85.1%, compared to a positive 8.1% in the prior-year quarter, and included a $3.3 billion non-cash tax benefit recognized upon the change in Hulu's U.S. income tax classification.
Source · Based on the MD&A text of the filing
Impact of Star India Transaction on quarterly revenues and costs
The company said service revenues for the quarter of $21.2 billion included an approximate 3 percentage points decrease from the Star India Transaction, and cost of services of $13.0 billion included an approximate 7 percentage points decrease from the Star India Transaction.
Source · Based on the MD&A text of the filing
Quarterly restructuring and impairment charges $185 million and decline in equity investee income
The company said restructuring and impairment charges for the quarter were $185 million, primarily for an impairment of an equity investment. Income from equity investees was $75 million, compared to $146 million in the prior-year quarter, and the company cited a loss from the India joint venture in the current quarter as the primary factor.
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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