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

The Walt Disney Company (NYSE:DIS) Q3 2023 Earnings Conference Call August 9, 2023 4:30 PM ET

Company Participants

Alexia Quadrani – SVP, IR

Robert Iger – CEO

Kevin Lansberry – Interim CFO

Conference Call Participants

Philip Cusick – JPMorgan

Jessica Reif Ehrlich – BofA Securities

Benjamin Swinburne – Morgan Stanley

Michael Nathanson – MoffettNathanson

Steven Cahall – Wells Fargo

Kannan Venkateshwar – Barclays

Brett Feldman – Goldman Sachs

Michael Morris – Guggenheim


Good afternoon and welcome to The Walt Disney Company Third Quarter 2023 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After the speakers’ presentation, there will be a question-and-answer session. Please also note today’s event is being recorded.

At this time, I’d like to turn the floor over to Alexia Quadrani, Executive Vice President of Investor Relations. Please go ahead.

Alexia Quadrani

Good afternoon. It’s my pleasure to welcome everybody to The Walt Disney Company’s third quarter 2023 earnings call. Our press release was issued about 25 minutes ago and is available on our website at Today’s call is being webcast, and a replay and transcript will also be made available on our website. Joining me for today’s call are Bob Iger, Disney’s Chief Executive Officer; and Kevin Lansberry, Interim Chief Financial Officer. Following comments from Bob and Kevin, we will be happy to take some of your questions.

So with that, let me turn the call over to Bob to get started.

Robert Iger

Thanks, Alexia, and good afternoon. In the eight months since I returned, we’ve undertaken an unprecedented transformation at Disney and this quarter’s earnings reflect some of what we have accomplished. First, the company was completely restructured, restoring creativity to the center of our business. We made important management changes and efficiency improvements to create a more cost-effective, coordinated and streamlined approach to our operations.

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