Disney Results Presentation Deck

Q2 Disney+ Subscribers & ARPU (Paid Subscribers in Millions and Average Monthly Revenue per Paid Subscriber (ARPU) in USD) Global ARPU Disney+ Core Disney+ Hotstar Disney + Core Subscribers 87.6 Q2'22 50.1 Q2'22 104.3 Q1'23 Disney+hotstar Subscribers $4.35 $6.33 $0.76 57.5 Total Disney+ Subscribers(¹) 137.7 161.8 Q1'23 $3.93 $5.77 $0.74 104.9 Note: See DTC Product Descriptions and Key Definitions on page 17 (1) Total may not equal the sum due to rounding ⒸDisney Q2'23 52.9 Q2'23 157.8 $4.44 $6.47 $0.59 Q2'23 vs. Q2'22 Q1'23 +17.3 +0.6 +2.8 +20.1 (4.6) (4.0) +$0.09 +$0.51 +$0.14 +$0.70 ($0.17) ($0.15) Disney+ Core Disney+ core subscribers grew modestly vs. the prior quarter. ● ● Disney+ core ARPU increased by $0.70 vs. the prior quarter driven primarily by an increase in average retail pricing and a favorable foreign exchange impact. Disney+ Hotstar • Disney+ Hotstar subscribers decreased by 4.6 million vs. the prior quarter. ● Disney+ Hotstar ARPU decreased by $0.15 vs. the prior quarter due to lower per-subscriber advertising revenue. Second Fiscal Quarter Ended April 1, 2023 7

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