![]() ![]() The decrease at Cable was due to higher sports programming and production costs and, to a lesser extent, lower affiliate and advertising revenue. The decrease in operating income was due to lower results at both Cable and Broadcasting. ![]() ![]() The following are reconciliations of income from continuing operations before income taxes to total segment operating income and revenues to total segment revenues (in millions):ĭomestic Channels revenues for the quarter decreased 4% to $5.6 billion, and operating income decreased 33% to $1.6 billion. ![]() The Company believes that information about total segment operating income assists investors by allowing them to evaluate changes in the operating results of the Company’s portfolio of businesses separate from non-operational factors that affect net income, thus providing separate insight into both operations and other factors that affect reported results. The Company evaluates the performance of its operating segments based on segment operating income, and management uses total segment operating income as a measure of the performance of operating businesses separate from non-operating factors. after deduction of income attributable to noncontrolling interests. Reflects amounts attributable to shareholders of The Walt Disney Company, i.e. See the discussion on page 2 and on pages 11 through 14 for how we define and calculate these measures and a reconciliation thereof to the most directly comparable GAAP measures. The most comparable GAAP measures are diluted EPS from continuing operations, income from continuing operations before income taxes, and cash provided by continuing operations, respectively. The following table summarizes the second quarter results for fiscal 20 (in millions, except per share amounts):ĭiluted EPS excluding certain items, total segment operating income and free cash flow are non-GAAP financial measures. “From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers, while establishing a more efficient, coordinated, and streamlined approach to our operations.” Iger, Chief Executive Officer, The Walt Disney Company. “We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success,” said Robert A. Revenues for the quarter and six months grew 13% and 10%, respectively.ĭiluted earnings per share (EPS) from continuing operations for the quarter increased to $0.69 from $0.26 in the prior-year quarter.Įxcluding certain items (1), diluted EPS for the quarter decreased to $0.93 from $1.08 in the prior-year quarter.ĮPS from continuing operations for the six months ended Apincreased to $1.39 from $0.89 in the prior-year period.Įxcluding certain items (1), diluted EPS for the six months ended Apdecreased to $1.91 from $2.14 in the prior-year period. BURBANK, Calif.-( BUSINESS WIRE)-The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended April 1, 2023. ![]()
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