secwatch.observer — SEC 8-K summary
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Issuer:     Walt Disney Co (DIS)
CIK:        0001744489
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001744489-24-000149
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744489/000174448924000149/0001744489-24-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744489/000174448924000149/dis-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001744489-24-000149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer