Walt Disney (DIS) risk factors: FY2025 10-K
Item 1A of the 10-K for the period ending 2025-09-27, filed 2025-11-13. 22 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024
3new since FY2024
8reworded
4removed
11unchanged
Headings mentioning a theme: Tariffs 0 · AI 0 · Cybersecurity 1 · China 0 · Interest rates 1. Compare across the S&P 500.
RISKS RELATED TO OUR BUSINESSES AND INDUSTRY
15- Declines in U.S., global and regional economic conditions adversely affect our results of operations and financial condition.new
- Fluctuations in foreign currency exchange rates impact our results of operations, including our revenues and costs.new
- Changes in technology, in consumer consumption patterns and in how entertainment products and services are created affect demand for, the revenue we can generate from and the cost of producing or distributing our entertainment offerings and our results of operations.reworded
- We face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products, which impacts demand for our entertainment offerings and products and services and our results of operations.reworded
- A 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 of providing our products and services, adversely impacting our results of operations and financial condition.reworded
- We face risks related to changes in our business strategies and plans, which have affected and may continue to affect our cost structure, the value of our assets and/or our results of operations.reworded
- Increased competitive pressures impact our revenues, increase our costs and impact our results of operations.reworded
- We face risks related to the renewal of long-term programming or distribution contracts on sufficiently favorable terms.
- We face risks related to environmental, social and governance matters and related reporting obligations.reworded
- We face risks related to damage to our reputation or brands.
- Various risks may impact the success of our DTC streaming services.
- Potential credit ratings actions, increases in interest rates, volatility in the U.S. and global financial markets or periods of elevated indebtedness could impede access to, or increase the cost of, financing our operations and investments and have the effect of decreasing of business flexibility.rewordedInterest rates
- Labor disputes disrupt our operations and adversely affect the profitability of our businesses.
- The seasonality of certain of our businesses and timing of certain of our product offerings could exacerbate negative impacts on our operations.
- Our 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 negatively impact our results of operations and financial condition.reworded
RISKS RELATED TO INTELLECTUAL PROPERTY, LITIGATION, CYBERSECURITY AND REGULATORY REQUIREMENTS
5- The success of our businesses is highly dependent on the existence and maintenance of intellectual property rights in the entertainment products and services we create.
- We face risks from claims, litigation, governmental investigations and other proceedings to our businesses, reputation, results of operation and financial condition.new
- Cybersecurity 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.Cybersecurity
- Regulations applicable to our businesses impact the profitability of our businesses.
- Our operations outside the U.S. are affected by the operation of laws in those jurisdictions.
RISKS RELATED TO OWNERSHIP OF OUR STOCK
1- The price of our common stock has been, and may continue to be, volatile.
GENERAL RISKS
1- The Company’s amended and restated bylaws provide to the fullest extent permitted by law that the Court of Chancery of the State of Delaware will be the exclusive forum for certain legal actions between the Company and its stockholders, which could increase costs to bring a claim, discourage claims or limit the ability of the Company’s stockholders to bring a claim in a judicial forum viewed by the stockholders as more favorable for disputes with the Company or the Company’s directors, officers or other employees.
No longer in Item 1A
4Headings in the FY2024 10-K with no match this year.
- Declines in U.S., global and regional economic conditions adversely affect the profitability of our businesses.
- Fluctuations in foreign currency exchange rates impact our revenues and the profitability of our businesses.
- Elevated indebtedness or leverage ratios could adversely affect us, including by decreasing our business flexibility.
- We 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.
Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.
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