Company: The Walt Disney Company
Ticker: DIS
Form: 10-K
Filed: 2025-11-13
Fiscal Period: {"fp": "FY", "fy_curr": 2025, "fy_prev": 2024}

Question: By what percentage did The Walt Disney Company's operating income change from fiscal year 2024 to fiscal year 2025?
Question Type: temporal_comparison

Concept: OperatingIncomeLoss
Answer (Numeric): 12.5
Answer (Display): 12.50%
Unit: percent_change

Evidence:
[{"chunk_id": "185", "equivalent_chunk_ids": ["185"], "section": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS", "supports": ["current", "previous"], "text": "% interest of this gain was $\nmillion (A+E gain).\nSupplemental information about significant segment expenses\nEntertainment\nProgramming and production costs\n22,273\n22,385\n23,912\nOther segment operating expenses\n5,400\n5,347\n5,804\nSelling, general, administrative and other\n9,733\n9,326\n9,404\nDepreciation and amortization\nTotal Entertainment costs and expenses\n38,231\n37,792\n39,876\nSports\nProgramming and production costs\n12,492\n12,983\n12,373\nOther segment operating expenses\nSelling, general, administrative and other\n1,331\n1,298\n1,314\nDepreciation and amortization\nTotal Sports costs and expenses\n14,857\n15,271\n14,701\nExperiences\nOperating labor\n8,948\n8,392\n7,550\nInfrastructure costs\n3,511\n3,363\n3,127\nCosts of goods sold and distribution costs\n3,253\n3,319\n3,357\nOther segment operating expenses\n3,512\n3,282\n3,095\nSelling, general, administrative and other\n4,114\n3,944\n3,675\nDepreciation and amortization\n2,823\n2,579\n2,789\nTotal Experiences costs and expenses\n26,161\n24,879\n23,593\nEliminations\n1,869\n1,595\n1,397\nCorporate and unallocated shared expenses\n1,646\n1,435\n1,147\nTFCF and Hulu acquisition amortization\n1,567\n1,665\n1,986\nTotal costs and expenses\n80,593\n79,447\n79,906\nOther operating expenses of Entertainment include technology support costs, distribution costs and costs of goods sold.\nOther operating expenses of Sports include technology support costs and distribution costs.\nOther operating expenses of Experiences include costs for supplies, commissions and entertainment offerings.\nReflects fees paid by (a) Hulu to ESPN and the Entertainment linear networks business for the right to air their networks on Hulu Live TV and (b) ABC Network and Disney+ to ESPN to program certain sports content on ABC Network and Disney+. The offset is included in Entertainment programming and production costs.\nExcludes amortization of TFCF intangible assets related to equity investees.\nA reconciliation of segment operating income to income before income taxes is as follows:\nSegment operating income\n17,551\n15,601\n12,863\nCorporate and unallocated shared expenses\n1,646\n1,435\n1,147\nEquity in the loss of India joint venture\nRestructuring and impairment charges\n3,595\n3,836\nOther income (expense), net\nInterest expense, net\n1,305\n1,260\n1,209\nTFCF and Hulu acquisition amortization\n1,576\n1,677\n1,998\nIncome before income taxes\n12,003\n7,569\n4,769\nNet of the A+E Gain in fiscal 2023.\n“Other income (expense), net” for fiscal 2024 and 2023 includes charges related to a legal ruling of $\nmillion and $\nmillion, respectively. Fiscal 2023 includes a gain of $\nmillion to adjust our investment in DraftKings, Inc. to fair value. The Company sold the DraftKings investment in fiscal 2023.\nTFCF and Hulu acquisition amortization is as follows:\nAmortization of intangible assets\n1,307"}]

Derivation: {"current_value": 17551.0, "op": "pct_change", "previous_value": 15601.0}