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FOR IMMEDIATE RELEASE August 12 , 2021 THE WALT DISNEY COMPANY REPORTS THIRD QUARTER AND NINE MONTHS EARNINGS FOR FISCAL 2021 BURBANK , Calif . - The Walt Disney Company today reported earnings for its third fiscal quarter ended July 3 , 2021. Diluted earnings per share ( EPS ) from continuing operations for the quarter was income of $ 0.50 compared to a loss of $ 2.61 in the prior - year quarter . Excluding certain items ( ¹ ) , diluted EPS for the quarter increased to $ 0.80 from $ 0.08 in the prior - year quarter . Diluted EPS from continuing operations for the nine months ended July 3 , 2021 increased to income of $ 1.02 compared to a loss of $ 1.17 in the prior - year period . Excluding certain items ( ¹ ) , diluted EPS for the nine months decreased 14 % to $ 1.91 from $ 2.22 in the prior - year period . " We ended the third quarter in a strong position , and are pleased with the Company's trajectory as we grow our businesses amidst the ongoing challenges of the pandemic , " said Bob Chapek , Chief Executive Officer , The Walt Disney Company . " We continue to introduce exciting new experiences at our parks and resorts worldwide , along with new guest - centric services , and our direct - to - consumer business is performing very well , with a total of nearly 174 million subscriptions across Disney + , ESPN + and Hulu at the end of the quarter , and a host of new content coming to the platforms . " The following table summarizes the third quarter results for fiscal 2021 and 2020 ( in millions , except per share amounts ) : Revenues Income ( loss ) from continuing operations before income taxes Total segment operating income ( ¹ ) Net income ( loss ) from continuing operations ( 2 ) Diluted EPS from continuing operations ( 2 ) Diluted EPS excluding certain items ( 1 ) Cash provided by continuing operations Free cash flow ( 1 ) Quarter Ended June 27 , 2020 $ 17,022 $ 11,779 $ 995 $ ( 4,840 ) 2,382 $ 1,099 923 $ ( 4,718 ) $ July 3 , 2021 0.50 $ 0.80 $ ( 2.61 ) 0.08 1,466 $ 1,162 528 $ 454 Change 45 % 1 Nine Months Ended July 3 , 2021 $ 48,884 2,271 6,179 1,864 nm $ > 100 % $ nm $ nm $ > 100 % $ June 27 , 2020 $ 50,681 $ ( 1,163 ) $ 7,502 $ ( 2,122 ) 1.02 $ 1.91 $ ( 1.17 ) 2.22 26 % $ 2,934 $ 5,949 16 % $ 466 $ 2,656 Change ( 4 ) % nm ( 18 ) % nm nm ( 14 ) % ( 51 ) % ( 82 ) % $ ( ¹ ) Diluted EPS excluding certain items , total segment operating income and free cash flow are non - GAAP financial measures . The comparable GAAP measures are diluted EPS from continuing operations , income from continuing operations before income taxes , and cash provided by continuing operations , respectively . See the discussion on page 2 and on pages 11 through 14 . ( 2 ) Reflects amounts attributable to shareholders of The Walt Disney Company , i.e. after deduction of income attributable to noncontrolling interests .