2 Table of Contents Introduction & Our Approach Operating Responsibly Investing in Our People Diversity, Equity & Inclusion Environmental Sustainability Social Impact Data & Frameworks Forward-Looking Statements Certain statements and information in this • the occurrence of subsequent events; Such developments may further affect entertainment, communication may constitute “forward-looking • further deterioration in domestic and global travel, and leisure businesses generally and may, among statements” within the meaning of the Private Securities economic conditions or failure of conditions other things, affect (or further affect, as applicable): Litigation Reform Act of 1995, including statements to improve as anticipated; • our operations, business plans, or pro昀椀tability; regarding our plans; beliefs; expectations; continuation • deterioration in or pressures from competitive • demand for our products and services; or future execution of initiatives, programs, activities, conditions, including competition to create or policies, or disclosures; strategies; goals; objectives; acquire content, competition for talent, and • the performance of the company’s content; intentions; commitments; pledges; priorities; targets; competition for advertising revenue; • our ability to create or obtain desirable content and other statements that are not historical in nature. • consumer preferences and acceptance of our at or under the value we assign the content; Any information that is not historical in nature included content, offerings, pricing model, and price • the advertising market for programming; in this report is subject to change. These statements are increases, and corresponding subscriber additions made on the basis of management’s views and and churn, and the market for advertising sales on • construction; assumptions regarding future events and business our direct-to-consumer services and linear networks; • income tax expense; performance as of the time the statements are made. • expenses of providing medical and post-retirement Management does not undertake any obligation to • health concerns and their impact on our businesses bene昀椀ts; and update these statements. Actual results may differ and productions; • performance of some or all company businesses materially from those expressed or implied. Such • global economy-wide transitions and availability either directly or through their impact on those differences may result from actions taken by the of economically feasible solutions; who distribute our products. company, including restructuring or strategic initiatives • international, political, or military developments; (including capital investments, asset acquisitions or • Additional factors are set forth in the company’s dispositions, new or expanded business lines, or • regulatory and legal developments; Annual Report on Form 10-K for the year ended cessation of certain operations), our execution of our • technological developments; September 30, 2023, including under the captions business plans (including the content we create and IP • labor markets and activities, including work stoppages; “Risk Factors,” “Management’s Discussion and Analysis we invest in, our pricing decisions, our cost structure, • adverse weather conditions or natural disasters and of Financial Condition and Results of Operations,” and and our management and other personnel decisions), environmental developments; and “Business”; quarterly reports on Form 10-Q, including our ability to quickly execute on cost rationalization under the captions “Risk Factors” and “Management’s while preserving revenue, the discovery of additional • availability of content. Discussion and Analysis of Financial Condition and information or other business decisions, as well as from Results of Operations”; and subsequent 昀椀lings with developments beyond the company’s control, including: the Securities and Exchange Commission.