Disney’s Q1 FY24 Earnings Results Webcast

[monothingie]

Mission Accomplished: Seems like the earnings call that they needed to have or orchestrated to hold off Peltz and friends.

Rest assured that all levers and options are on the table to achieve the desired EPS guidance. Don't know if that's going to be a good thing or bad thing.

 

[MisterPenguin]

Disney's been killing it with music for their D+ series.

 

[HauntedPirate]

Mission Accomplished: Seems like the earnings call that they needed to have or orchestrated to hold off Peltz and friends.

Rest assured that all levers and options are on the table to achieve the desired EPS guidance. Don't know if that's going to be a good thing or bad thing.

Bob: "Whew! We didn't have to pull the free ticket days lever. Everything is great again!"

 

[JoeCamel]

Also - Waiting for the apologies from those who claimed, vehemently and in the face of all evidence, that "park attendance was not down".

"At our domestic parks and resorts, lower results in the current quarter compared to the prior-year quarter were due to:

A decrease at Walt Disney World Resort reflecting a modest decrease in revenues and higher costs. These impacts were due to:
▪ Lower volumes due to decreases in attendance and occupied room night"

But the parks are packed just look at the wait times.....

 

[fgmnt]

Also - Waiting for the apologies from those who claimed, vehemently and in the face of all evidence, that "park attendance was not down".

"At our domestic parks and resorts, lower results in the current quarter compared to the prior-year quarter were due to:

A decrease at Walt Disney World Resort reflecting a modest decrease in revenues and higher costs. These impacts were due to:
▪ Lower volumes due to decreases in attendance and occupied room night"

Bob was about as enthusiastic on cnbc concerning domestic parks as he was for Peltz and Elmo.

 

[Brer Oswald]

Disney getting back into digital gaming again.

Hardly.

 

[Sirwalterraleigh]

Idk, I feel like there's very few people championing a middle-ground. Parks were at an unsustainable attendance level. Modest attendance decreases always seemed to be best-case scenarios given the weakening slate of new experiences.

They cannot continue to charge more for the parks with no investment and declining attendance

That’s where we are…especially in Orlando

We aren’t “luxury” travelers, people…we go to amusement parks and eat with people in animal heads.

No matter how much you wish it…it is not so.
Expect more discounts to come out…probably like Monday

 

[Notes from Neverland]

The EPIC partnership is a much, much smarter move compared to Disney's old plan (that Chapek had discussed) to build their own "metaverse" type experience.

 

[Sirwalterraleigh]

Bob was about as enthusiastic on cnbc concerning domestic parks as he was for Peltz and Elmo.

Because they’ve turned the corner onto the “bad part of town” when it comes to parks

His strategy is collapsing

 

[JoeCamel]

Bob was about as enthusiastic on cnbc concerning domestic parks as he was for Peltz and Elmo.

So same as 15 years ago...

 

[CaptainAmerica]

Moana 2.

 

[BrianLo]

Production expenses in streaming and studios may still be and may continue to be artificially low because of the restart from the 2023 strikes.

Yes they’ll be lower for the next two-three years still. Most programs are amortized over two and then of course programming that should have been made during the strikes wouldn’t have started to come out until about now. This is another positive tail wind for profitability

 

[Brian]

Because they’ve turned the corner onto the “bad part of town” when it comes to parks

His strategy is collapsing

Do you think he has to go?

 

[HauntedPirate]

Bob was about as enthusiastic on cnbc concerning domestic parks as he was for Peltz and Elmo.

He didn't mention that non-descript coaster themed to India or something, did he? Or suggest more trees somewhere? He's truly a creative guy at his core.

 

[CaptainAmerica]

AYYYYY WE GOT THE ERAS TOUR

 

[DCBaker]

The Eras Tour comes to Disney+ in March.

 

[MisterPenguin]

Bob: >> Thanks, Alexia, and good afternoon everyone. Just one year ago we outlined an ambitious plan to return to a period in sustained growth and shareholder value creation. Our strong performance this past quarter demonstrates we have turned the quarter and entered a new era. As previously noted we focused on transitioning ESPN into the pre-eminent digital sports platform building streaming into a profitable growth business, reinvigorating our film studios, and turbochargeing growth in our parks and experiences. Before we dive deeper into our results, let me start by making a number of significant announcements that represent important and exciting steps forward.

F irst, we announced yesterday the full sweep of the ES SPN's channels will now be available direct-to-consumer as part of a joint venture with Fox and Warner Brothers discover to create a new sports streaming service launching this fall. This brings together content from all of these companies -- in the fall of 2025 we'll be offering Epps N as a stand alone streaming option with innovative digital features creating a one-stop sports destination unlike anything available in the marketplace today.

ESPN is also adding a sports icon to its lineup with coach Nick SABE enjoining the network later this year.

We're excited to share that in November we will release a feature length animated sequel to Moana. E xciting relationship with epic games acquiring a small equity steak and launching a groundbreaking games and -- beloved brands and franchises with a h ugely popular Fortnite.

I'm pleased to share that Senese board has -- $3 billion stock buy back program in fiscal 24.

Oh, and one more thing. Next month Disney + will become the exclusive streaming home of Taylor Swift's historic concert film Taylor Swift, the eras tour, Taylor's version. I'll be sharing more with you about the announcements momentarily but what's clear is the important transformation we undertook last year is bearing fruit. Looking at our results this quarter, we can say with confident our strategy is working.

 

[Laketravis]

Lipstick

Pig

 

[monothingie]

Bob: "Whew! We didn't have to pull the free ticket days lever. Everything is great again!"

My gut feeling after reading the report and analysis is that they have absolutely no reservations as to raising prices to compensate. I fully expect them to raise prices on almost everything across the board to offset any losses.

 

[Disney Analyst]

Taylor Eras Tour is huge, expect new subscribers.