The Walt Disney Company (NYSE:DIS) Q3 2023 Earnings Call Transcript

Forward-looking statements are subject to a number of risks and uncertainties and actual results may differ materially from the results expressed or implied in light of a variety of factors. These factors include economic or industry conditions; competition and execution risks, including in connection with our business plans, organizational structure and operating changes; cost savings; earnings expectations; and drivers of growth; and our DTC content and how it’s made available on our platform; subscriber; advertising; and revenue growth and profitability. In particular, our expectations regarding DTC profitability are built on certain assumptions around subscriber additions based on the availability and attractiveness of our future content, which is subject to additional risks related to ongoing work stoppages; churn expectations; the financial impact of the Disney+ ad tier and price increases; our ability to quickly execute on cost rationalization while preserving revenue and macroeconomic conditions, all of which, while based on extensive internal analysis as well as our recent experience, provide a layer of uncertainty in our outlook.

For more information about key risk factors, please refer to our Investor Relations website, the press release issued today risks and uncertainties described in our Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. We want to thank you all for joining us and wish everyone a good rest of the day.

Operator: Ladies and gentlemen, with that, we’ll conclude today’s conference call and presentation. Thank you for joining. You may now disconnect your lines