Disney posts Q2 adjusted EPS $1.21, beats guidance; raises FY adjusted EPS growth target to 25%

Walt Disney Co

2024-Q2 EPS reported $1.03 revenue$45,632,000,000

Revenue $22.1B (+1.4% YoY); GAAP diluted EPS loss $0.01 (goodwill impairments), adjusted EPS $1.21 up from $0.93.
Raised FY adjusted EPS growth target to 25%; on track for $14B operating cash flow, >$8B free cash flow.
Entertainment DTC profitable in Q2; Disney+ Core subs +6M, ARPU +$0.44 sequentially.
Experiences segment revenue +10%, op income +12%, margin +60bps; Q3 expected roughly comparable YoY.
Repurchased $1B shares in Q2; Sports operating income down slightly due to CFP timing at ESPN.

item 2.02 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 second quarter ended March 30, 2024 results: revenue $22.1 billion, EPS $1.21.

Period: second quarter ended March 30, 2024
Revenue: $22.1 billion
EPS: $1.21
Result: reported results

Exact text from the filing

Calif. – The Walt Disney Company today reported earnings for its second quarter ended March 30, 2024. Financial Results for the Quarter: • Revenues for the quarter increased to $22.1 billion from $21.8 billion in the prior-year quarter. • Diluted earnings per share (EPS) was a loss of $0.01 for the current quarter compared to income of $0.69 in the prior-year

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Source: SEC EDGAR

accession 0001744489-24-000149

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