Disney Results Presentation Deck

Reconciliation of DTC Streaming Businesses Operating Losses for Q4 & FY23 (In Millions) The following tables reconcile the Entertainment and Sports segment operating income (loss) to the DTC streaming businesses operating loss: Linear Networks DTC streaming businesses (Direct-to-Consumer and ESPN+ businesses) Content Sales/Licensing and Other Total Linear Networks DTC streaming businesses (Direct-to-Consumer and ESPN+ businesses) Content Sales/Licensing and Other Total ⒸDisney Entertainment $805 (420) (149) $236 Sept. 30, 2023 Sports (2,496) (179) $1,444 $948 33 $981 Entertainment Sports $4,119 September 30, 2023 $2,581 (116) $2,465 Quarter Ended DTC Streaming Services $(387) Year Ended DTC Streaming Services Entertainment $(2,612) $806 (1,406) (8) ($608) Entertainment $5,198 (3,424) 352 $2,126 October 1, 2022 Sports $929 (66) $863 October 1, 2022 Sports $3,299 (589) $2,710 DTC Streaming Services $(1,472) DTC Streaming Services $(4,013) Fourth Fiscal Quarter Ended September 30, 2023 24

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