Walt Disney Segment Eliminations — Programming and Production Costs decreased by 18.4% to -$643.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 32.9%, from -$484.00M to -$643.00M.
Fluctuations in these eliminations reflect changes in the volume and cost structure of internal content licensing and production transfers. Higher eliminations typically correlate with increased internal synergy and content sharing across the company's various distribution platforms.
This metric captures the elimination of intercompany expenses related to the internal transfer of programming and produc...
Media and entertainment conglomerates with vertically integrated production and distribution arms typically report these adjustments to clarify consolidated operating expenses.
dis_segment_segment_eliminations_programming_and_production_costs| Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q3 '24 | Q1 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Value | -$349.25M | -$349.25M | -$349.25M | -$349.25M | -$447.00M | -$484.00M | -$543.00M | -$643.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -28.0% | -8.3% | -12.2% | -18.4% |
| YoY Change | — | — | — | — | -28.0% | — | -21.5% | -32.9% |