Walt Disney (DIS) risk factors, FY2024 10-K

RISKS RELATED TO OUR BUSINESSES AND INDUSTRY

1. 01Declines in U.S., global and regional economic conditions adversely affect the profitability of our businesses
2. 02Fluctuations in foreign currency exchange rates impact our revenues and the profitability of our businesses
3. 03Changes in technology, in consumer consumption patterns and in how entertainment products are created affect demand for our entertainment products, the revenue we can generate from these products and the cost of producing or distributing these products
4. 04We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impact demand for our entertainment offerings and products and the profitability of our businesses
5. 05A variety of uncontrollable events disrupt our businesses, reduce demand for or consumption of our products and services, impair our ability to provide our products and services or increase the cost or reduce the profitability of providing our products and services
6. 06We face risks related to changes in our business strategy, which have affected and may continue to affect our cost structure, the profitability of our businesses and/or the value of our assets
7. 07Increased competitive pressures impact our revenues, increase our costs and impact the profitability of our businesses
8. 08We face risks related to the renewal of long-term programming or distribution contracts on sufficiently favorable terms
9. 09We face risks related to environmental, social and governance matters and any related reporting obligations
10. 10We face risks related to damage to our reputation or brands
11. 11Various risks may impact the success of our DTC streaming services
12. 12Potential credit ratings actions, increases in interest rates, or volatility in the U.S. and global financial markets could impede access to, or increase the cost of, financing our operations and investments
13. 13Elevated indebtedness or leverage ratios could adversely affect us, including by decreasing our business flexibility
14. 14Labor disputes disrupt our operations and adversely affect the profitability of our businesses
15. 15The seasonality of certain of our businesses and timing of certain of our product offerings could exacerbate negative impacts on our operations
16. 16and sports advertising revenues are impacted by the timing of sports seasons and events, which varies throughout the year and/or take place periodically
17. 17Our operations are impacted by our ability to attract and retain employees and costs of employee wages and health, welfare and retirement benefits, including postretirement medical benefits for some employees and retirees, may reduce our profitability
18. 18We face risks related to costs and expenses in connection with the acquisition of NBC Universal’s (NBCU) equity interest in Hulu and the TFCF acquisition

RISKS RELATED TO INTELLECTUAL PROPERTY, CYBERSECURITY AND REGULATORY REQUIREMENTS

1. 19The success of our businesses is highly dependent on the existence and maintenance of intellectual property rights in the entertainment products and services we create
2. 20secured in the United States. As copyrights expire, we expect that revenues generated from such IP will be negatively impacted to some extent
3. 21Cybersecurity and other data compromises and/or attempted compromises increase our costs, disrupt our services and business plans, lead to the disclosure of our confidential information, including unauthorized use of our intellectual property, and negatively impact our reputation
4. 22Regulations applicable to our businesses impact the profitability of our businesses
5. 23Our operations outside the U.S. are affected by the operation of laws in those jurisdictions

RISKS RELATED TO OWNERSHIP OF OUR STOCK

1. 24The price of our common stock has been, and may continue to be, volatile