Disney Q1 adj EPS $1.22 beats; raises FY2024 guidance, dividend up 50%

Walt Disney Co

2024-Q1 EPS reported $1.04 revenue$23,549,000,000

Revenue $23.5B flat YoY; GAAP EPS $1.04 vs $0.70; adjusted EPS $1.22 vs $0.99.
FY2024 adjusted EPS guided to ~$4.60 (+20% YoY); free cash flow ~$8B.
Entertainment DTC losses improved ~$300M QoQ; expects streaming profitability in Q4 FY2024.
Hulu subs +1.2M; Disney+ Core subs -1.3M (price increase); ARPU +$0.14 QoQ.
New $3B share repurchase target for FY2024; cash dividend raised 50% to $0.45/share.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Walt Disney Co reported first quarter ended December 30, 2023 results: revenue $23.5 billion, EPS $1.04.

Period: first quarter ended December 30, 2023
Revenue: $23.5 billion
EPS: $1.04
Result: reported results

Exact text from the filing

THE WALT DISNEY COMPANY REPORTS FIRST QUARTER EARNINGS FOR FISCAL 2024 BURBANK, Calif. – The Walt Disney Company today reported earnings for its first quarter ended December 30, 2023. Financial Results for the Quarter: • Revenues for the quarter were comparable to the prior-year quarter at $23.5 billion. • Diluted earnings per share (EPS) for the quarter increased to $1.04 from $0.70 in the prior-year quarter.

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Source: SEC EDGAR

accession 0001744489-24-000079

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