Disney’s Q2 FY24 Earnings Results Webcast

[MisterPenguin]

No comments on the $1 billion stock buy backs?

Who was our buyback hater (now banned)? Was it Exploder?

 

[Trauma]

Stock down big pre market.

 

[MisterPenguin]

Disney certainly is finally hitting the price point that has a significant effect on attendance.

But that was their plan all along. They now have to dance on the razor's edge.

 

[MisterPenguin]

Funny, I don't remember people pointing out in the past two days how the stock had been climbing....

 

[el_super]

• The decrease in operating results at Disneyland Resort was due to:
  • Higher costs driven by inflation
  • An increase in guest spending attributable to higher average ticket prices and daily hotel room rates
  • Higher volumes due to attendance growth, partially offset by lower occupied room nights

Seems like they had an unfavorable attendance mix.

Disneyland has been busy. Busier than WDW. Doesn't seem that was really part of the plan though.

 

[Ayla]

Who was our buyback hater (now banned)? Was it Exploder?

I don't know, but I am definitely one. It's greedy, sleazy and underhanded (IMO, of course).

 

[monothingie]

Despite ARPU going down, revenue went up. So, that's the definition of 'working.'

Isn't that solely a result of the maturation of ad revenue and price increases? Not necessarily because more wider adoption?

 

[wdwmagic]

This is the worrying thing for me. If I'm reading this correctly, the domestic Experiences increases come down to "inflation" and "we charged more for what we already have." Is that right?

Bingo!

 

[MisterPenguin]

Funny, I don't remember people pointing out in the past two days how the stock had been climbing....

 

[MisterPenguin]

I don't know, but I am definitely one. It's greedy, sleazy and underhanded (IMO, of course).

I'm OK with it if Wall Street is unfairly punishing a stock. Otherwise, I'm against it.

 

[MisterPenguin]

Isn't that solely a result of the maturation of ad revenue and price increases? Not necessarily because more wider adoption?

Dunno. They don't break it out in their financials.

 

[lentesta]

Who was our buyback hater (now banned)? Was it Exploder?

Buybacks kinda drive me crazy. Nobody has any ideas that would generate more revenue than that?

 

[bmr1591]

Funny, I don't remember people pointing out in the past two days how the stock had been climbing....

In all fairness, it was in the 120s before the annual meeting about a month ago.

 

[lentesta]

Me shouting to the call: Bob, you're on mute. No, the other button. No, the other other button.

 

[monothingie]

Dunno. They don't break it out in their financials.

Compared to same time last year, ad based D+ was still very new. It has certainly matured significantly and reached a broader subscriber base since then.

 

[MisterPenguin]

We're live!

 

[monothingie]

Me shouting to the call: Bob, you're on mute. No, the other button. No, the other other button.

It's 5:30AM by him. He may not have had his breakfast of mickey waffles.

 

[MisterPenguin]

Bob: He'll be reading off the talking points posted already.

 

[peng]

It begins.

 

[CaptainAmerica]

Why the crap are we doing earnings at 8:30, I'm all discombobulated.