Walt Disney Company (the) · NYSE:DIS
Walt Disney Company (the) — The Walt Disney Company — Q1 2025 Earnings Presentation
11 slides from Walt Disney Company (the)'s earnings presentation, Feb 5, 2025
Slide 1: Q1 FY25 Earnings — Prepared Management Remarks
Our Dorey Company F Q]1 FY25 Earnings — Prepared Management Remarks February 5, 2025 Please view these remarks in conjunction with our QI FY 2025 earnings release and Form 10-Q that can be found on our website at https://thewaltdisneycompany.com/investor-relations/ We also invite you to listen to to
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS. Certain statements in these remarks may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations, beliefs, plans, financial prospects, trends or outlook and guidance
Slide 3: Commentary from CEO & CFO
COMMENTARY FROM CEO & CFO Our results this quarter demonstrate our creative and financial strength as we advanced strategic growth initiatives set in motion over the past two years. In QI] we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further
Slide 4: Film and television accolades and news
In addition to resonating with audiences, our films and television series have garnered numerous critical accolades. We won six Golden Globe® Awards across our content brands and studios, with the creative epic Shogun sweeping all of its nominated categories and FX breaking its previous record for G
Slide 5: Sports and ESPN flagship offering
proposition for advertisers, particularly with Disney’s outstanding portfolio of high-quality live programming. SPORTS ESPN’s flagship offering that will launch in early fall has been and remains our priority, and we expect the elevated product and content experience — which will all be housed withi
Slide 6: Financial Review and Outlook
Overall, this quarter proved to be a strong start to the fiscal year. We are optimistic about the year to come, and we remain confident in our strategy for continued growth. FINANCIAL REVIEW AND OUTLOOK We delivered strong consolidated Q] fiscal 2025 financial results compared to the prior- year qua
Slide 7: Entertainment segment results and Direct-to-Consumer
performance of Moana 2, compared to an operating loss of $224 million in the prior-year quarter. Operating income at our Direct-to-Consumer business grew by approximately $430 million versus the prior-year quarter to approximately $300 million due to growth in subscription revenue, partially offset
Slide 8: Sports and Experiences results
2024 the ICC Cricket World Cup was aired.° Ql Domestic ESPN advertising revenue grew 15% versus the prior-year quarter primarily due to higher rates. In Q2, we expect segment operating income to be adversely impacted by approximately $100 million due to college sports, including the shift of three C
Slide 9: Recent Developments & Outlook
RECENT DEVELOPMENTS & OUTLOOK In January, we announced a transaction to combine certain Hulu+t Live TV assets with fuboTV Inc., which is expected to enhance consumer choice through more flexible programming offerings. As a result of the closing of the transaction — which is subject to regulatory app
Slide 10: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES This executive commentary presents diluted EPS excluding certain items (also referred to as adjusted EPS) and total segment operating income. Diluted EPS excluding certain items and total segment operating income are important financial measures for the Company but are no
Slide 11: Reconciliation of reported diluted EPS to EPS excluding certain items
The following table reconciles reported diluted EPS to diluted EPS excluding certain items for the first quarter: (i eintionciacept ers) Pre-Tax Tax Benefit/ After-Tax Dituted eps Change vs. prior Income/ Loss Expense" Income/ Loss” year period As reported $3,660 ($1,016) $2,644 $1.40 35% Exclude: R
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