The Walt Disney Company (DIS) Q1 2024 Earnings Call Transcript

The Walt Disney Company (NYSE:DIS) Q1 2024 Earnings Conference Call February 7, 2024 4:30 PM ET

Company Participants

Alexia Quadrani - EVP, IR
Bob Iger - CEO
Hugh Johnston - EVP and CFO

Conference Call Participants

Ben Swinburne - Morgan Stanley
Michael Nathanson - MoffettNathanson
Jessica Reif Ehrlich - Bank of America Merrill Lynch
Steven Cahall - Wells Fargo
Bryan Kraft - Deutsche Bank
Michael Morris - Guggenheim Securities

Operator

Good day and welcome to The Walt Disney Company's First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, today's event is being recorded.

I would now like to turn the conference over to Alexia Quadrani, Executive Vice President, Investor Relations. Please go ahead.

Alexia Quadrani

Good afternoon. It's my pleasure to welcome everybody to The Walt Disney Company's first quarter 2024 earnings call. Our press release was issued about 25 minutes ago and is available on our website at www.disney.com/investors. Today's call is being webcast, and a replay and transcript as well as the first quarter earnings presentation will all be made available on our website after the call.

Joining me for today's call are Bob Iger, Disney's Chief Executive Officer; and Hugh Johnston, Senior Executive Vice President and Chief Financial Officer. Following comments from Bob and Hugh, we'll be happy to take some of your questions.

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

Bob Iger

Thanks, Alexia, and good afternoon, everyone. Just one year ago, we outlined an ambitious plan to return to a period of sustained growth and shareholder value creation. And our strong performance this past quarter demonstrates we have turned the corner and entered a new era. As previously noted, we're focused on transitioning ESPN