The Walt Disney Company (DIS) insider filed a Form 144 to report a proposed sale of 1,971 common shares through Merrill Lynch on the New York Stock Exchange, with an aggregate market value of $233,701.47 and an approximate sale date of 08/25/2025.
All 1,971 shares were acquired via restricted stock unit vesting from The Walt Disney Company on 06/15/2025, 06/23/2025 and 07/17/2025 in several tranches (561, 187, 514, 177, 532). The filer reports no securities sold during the past three months and certifies no undisclosed material adverse information.
Disney’s Q3 FY25 (ended 28 Jun 2025) showed solid top-line growth and a sharp earnings jump. Revenue rose 2% YoY to $23.65 bn, while net income attributable to Disney more than doubled to $5.26 bn. Diluted EPS climbed to $2.92 from $1.43, aided by a $3.3 bn non-cash tax benefit tied to the complete purchase of NBCU’s 33% Hulu stake and a $0.4 bn final payment to NBCU.
Segment trends were mixed. Experiences led with operating income up 13% to $2.52 bn on steady parks, resorts and merchandising demand. Sports OI advanced 29% to $1.04 bn despite a 6% revenue dip, reflecting cost management. Entertainment OI fell 15% to $1.02 bn as lower advertising and affiliate fees offset subscription gains. Total segment OI grew 8% to $4.58 bn.
Balance-sheet and cash-flow highlights. Operating cash flow surged 61% to $13.63 bn; CAPEX expanded to $6.11 bn, leaving ~ $7.5 bn in implied free cash flow. Borrowings dropped to $42.26 bn (-$3.55 bn YTD) and cash ended at $5.37 bn after $2.50 bn of share repurchases and $905 mn of dividends. Disney retains $12.25 bn of unused bank capacity (SOFR+0.63–1.10%).
Management booked $185 mn of restructuring and impairment charges and continues cost-saving efforts. Future unsatisfied performance obligations total $16 bn, with $8 bn expected over FY25-26.
Filing type: Form 8-K dated August 6, 2025, filed by The Walt Disney Company (DIS).
The report states that on August 6, 2025 Disney issued a press release relating to its results for the quarter ended June 28, 2025, furnished as Exhibit 99.1. The filing also confirms the company uses its Investor Relations website (www.disney.com/investors) to disclose material information. Exhibits listed include 99.1 (press release) and 104 (cover page interactive XBRL). The filing is signed by Jolene E. Negre, Deputy General Counsel - Securities Regulation, Governance & Secretary.