Disney Results Presentation Deck

Q4 Disney+ Core Subscribers & ARPU (Paid Subscribers in Millions and Average Monthly Revenue per Paid Subscriber (ARPU) in USD) DISNEY+ Domestic(¹) Subscribers Disney+ Domestic (¹) Disney+ International (2) 46.4 Q4'22 56.5 Q4'22 46.0 DISNEY+ International (²) Subscribers $6.10 $5.83 Q3'23 59.7 Q3'23 $7.31 $6.01 46.5 Note: See DTC Product Descriptions and Key Definitions on page 19 (1) U.S. and Canada (2) Excluding Disney+ Hotstar ©Disney Q4'23 66.1 Q4'23 $7.50 $6.10 Q4'23 vs. Q4'22 Q3'23 +0.1 +0.5 +9.6 +$1.40 +$0.27 +6.4 +$0.19 +$0.09 Disney+ Domestic(¹) Subscribers increased by 0.5 million vs. the prior quarter. ● ● ARPU increased by $0.19 vs. the prior quarter due to higher advertising revenue. Disney+ International (²) Subscribers grew by 6.4 million vs. the prior quarter. ARPU increased by $0.09 vs. the prior quarter due to an increase in average retail pricing, partially offset by a higher mix of subscribers to promotional offerings. ● Fourth Fiscal Quarter Ended September 30, 2023 11

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