1、May7,2024THEWALTDISNEYCOMPANYREPORTSSECONDQUARTERANDSIXMONTHSEARNINGSFORFISCAL2024BURBANK,Calif.TheWaltDisneyCompanytodayreportedearningsforitssecondquarterendedMarch30,2024.FinancialResultsfortheQuarter:Revenuesforthequarterincreasedto$22.1billionfrom$21.8billionintheprior-yearquarter.Dilutedearnin

2、gspershare(EPS)wasalossof$0.01forthecurrentquartercomparedtoincomeof$0.69intheprior-yearquarter.DilutedEPSdecreasedtoanominallossduetogoodwillimpairmentsinthequarter,partiallyoffsetbyhigheroperatingincomeatEntertainmentandExperiences.Excludingcertainitems(1),dilutedEPSforthequarterincreasedto$1.21fr

3、om$0.93intheprior-yearquarter.KeyPoints:Inthesecondfiscalquarterof2024,weachievedstrongdoubledigitpercentagegrowthinadjustedEPS(1),andmetorexceededourfinancialguidanceforthequarter.Asaresultofoutperformanceinthesecondquarter,ournewfullyearadjustedEPS(1)growthtargetisnow25%.Weremainontracktogeneratea

4、pproximately$14billionofcashprovidedbyoperationsandover$8billionoffreecashflow(1)thisfiscalyear.Werepurchased$1billionworthofsharesinthesecondquarterandlookforwardtocontinuingtoreturncapitaltoshareholders.TheEntertainmentDirect-to-Consumerbusinesswasprofitableinthesecondquarter.Whileweareexpectingso

5、fterEntertainmentDTCresultsinQ3tobedrivenbyDisney+Hotstar,wecontinuetoexpectourcombinedstreamingbusinessestobeprofitableinthefourthquarter,andtobeameaningfulfuturegrowthdriverforthecompany,withfurtherimprovementsinprofitabilityinfiscal2025.Disney+Coresubscribersincreasedbymorethan6millioninthesecond

6、quarter,andDisney+CoreARPUincreasedsequentiallyby44cents.Sportsoperatingincomedeclinedslightlyversustheprioryear,reflectingthetimingimpactofCollegeFootballPlayoffgamesatESPN,offsetbyimprovedresultsatStarIndia.TheExperiencesbusinesswasalsoagrowthdriverinthesecondquarter,withrevenuegrowthof10%,segment