27 annotations
the company was completely restructured
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2023 Q3
10 Aug 23
we continue to work toward achieving DTC profitability by the end of fiscal 2024
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2023 Q3
10 Aug 23
We aggressively reduced costs across the enterprise and we're on track to exceed our initial goal of $5.5 billion in savings.
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2023 Q3
10 Aug 23
we still expect that revenue and segment operating income growth for this fiscal year will be in the high single-digit percentage range
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2023 Q1
9 Feb 23
we will be on track to declare a modest dividend by the end of this calendar year
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2023 Q1
9 Feb 23
This is lower than our prior guide of $6.7 billion primarily due to decreases in CapEx on our domestic parks, reflecting, in part, some timing shifts.
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2023 Q1
9 Feb 23
fiscal 2023 capital expenditures will total approximately $6 billion
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2023 Q1
9 Feb 23
The longer-term content cost reductions referenced earlier in the call are not expected to impact this year’s guidance range.
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2023 Q1
9 Feb 23
We still expect cash content spend company-wide to remain in the low $30 billion range for fiscal 2023.
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2023 Q1
9 Feb 23
In the second quarter, we believe that content sales, licensing and other operating results will be roughly breakeven.
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2023 Q1
9 Feb 23
, higher overhead costs and a decrease in home entertainment operating income
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2023 Q1
9 Feb 23
licensing and other operating results decreased versus the prior year by $114 million as higher theatrical results were more than offset by lower TV/SVOD operating income
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2023 Q1
9 Feb 23
ESPN is expected to account for approximately half of the $1 billion operating income decrease
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2023 Q1
9 Feb 23
and anticipate a significantly lower decline in the back half of the year
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2023 Q1
9 Feb 23
we expect Linear Networks operating income will decrease year-over-year by approximately $1 billion
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2023 Q1
9 Feb 23
we are targeting $5.5 billion of cost savings across the company
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2023 Q1
9 Feb 23
we will begin reporting under the new business structure by the end of the fiscal year
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2023 Q1
9 Feb 23
Under our strategic reorganization there will be three core business segments: Disney Entertainment, ESPN and Disney Parks, Experiences and Products.
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2023 Q1
9 Feb 23
our creative teams will determine what content we are making, how it is distributed and monetized and how it gets marketed
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2023 Q1
9 Feb 23
our new structure is aimed at returning greater authority to our creative leaders
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2023 Q1
9 Feb 23