Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company, participating in a question-and-answer session at the Morgan Stanley Technology, Media and Telecom Conference.
Certain statements in this discussion may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future performance; business or financial prospects; strategy or priorities; investment and business opportunities; financial or performance estimates or expectations; future subscriber levels, growth strategies and drivers; direct-to-consumer expansion, including international expansion and new subscription offerings; consumer demand and behavior; content offerings, opportunities and expenses; new and returning attractions, experiences and cruise ships; recovery and expansion of businesses; and other statements that are not historical in nature. These statements are made on the basis of management’s views and assumptions regarding future events and business performance as of the time the statements are made. Management does not undertake any obligation to update these statements.
Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including business decisions, as well as from developments beyond the Company’s control, including: further changes in domestic and global economic conditions; changes in or pressures from competitive conditions and consumer preferences or demand; health concerns and their impact on our businesses and productions, including COVID-19; international, regulatory, political, or military developments; technological developments; labor markets and activities; adverse weather conditions or natural disasters; legal or regulatory changes; the advertising market for programming; and timing, availability and performance of content; each of which may impact our operations, business plans or profitability.
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended October 2, 2021 under Item 1A, “Risk Factors,” Item 7, “Management’s Discussion and Analysis,” Item 1, “Business,” and subsequent filings with the Securities and Exchange Commission.