Disney Results Presentation Deck
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On Track to Achieve $7.5 Billion of Cost Savings
by the end of Fiscal 2024
By the end of fiscal 2024, we expect to reduce annualized SG&A and other
operating costs as well as our entertainment cash content spend (excluding
sports) by approximately $7.5 billion, nearly $2 billion ahead of our original
$5.5 billion target.
• We have increased our annualized efficiency target for total company
SG&A and other operating expenses to $3 billion (vs. $2.5 billion
previously).
• Our annualized entertainment cash content spend reduction target is
now $4.5 billion (vs. $3 billion previously). Due to the timing of
amortization, it will take a few years for the bulk of these savings to be
reflected in the P&L.
Savings on Cash
Content Spend
(excluding sports)
SG&A and
Other Operating
Cost Savings
Note: Cost savings are not adjusted for inflation, exclude any strike-related impacts and do not reflect the cost incurred to achieve such cost savings
ⒸDisney
$5.5
~$3.0
~$2.5
Initial
Target
$7.5
~$4.5
~$3.0
On Track
to Achieve
% Increase vs.
Initial Target
Total Annualized Cost Savings
(In Billions)
+36%
+50%
+20%
Fourth Fiscal Quarter Ended September 30, 2023
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