Disney’s Q3 FY24 Earnings Results Webcast

[britain]

A few weeks old, so not earnings report related, but still interesting:

Disney has a big problem. It's running out of kids.

Children used to grow up watching Mickey Mouse on The Disney Channel. Now they're all on YouTube.

www.businessinsider.com

 

[Sirwalterraleigh]

Thisee right here

 

[GhostHost1000]

Thisee right here

That. All of that. 100%

 

[Sirwalterraleigh]

maybe Comcast will accept payment in Disney Gift Cards

…Disney dollars?

 

[Tha Realest]

Thisee right here

“Higher income travelers are traveling internationally” = family from Denver is going to Barcelona and not Orlando (realizing the former offers far more value and experiences than the latter, at roughly the same price).

 

[GhostHost1000]

…Disney dollars?

Maybe throw in some AP magnets and a popcorn bucket and now we’re talking

 

[Sirwalterraleigh]

“Higher income travelers are traveling internationally” = family from Denver is going to Barcelona and not Orlando (realizing the former offers far more value and experiences than the latter, at roughly the same price).

Maybe in Denver they don’t understand why the food court at their $770 a night room closes at 10?

 

[BrianLo]

I mean that’s one way to not pay tax for a while.

Sorry… we wrote off the company.

 

[mightynine]

I mean that’s one way to not pay tax for a while.

Sorry… we wrote off the company.

Oops! All Write-Offs

 

[MisterPenguin]

 

[Stripes]

Importantly, Disney said domestic attendance was flat this quarter. Universal saw an attendance decline.

 

[Sirwalterraleigh]

Importantly, Disney said domestic attendance was flat this quarter. Universal saw an attendance decline.

Is that what they said? Because when you put “year over year” in there…it leaves some wiggle

 

[LSLS]

Importantly, Disney said domestic attendance was flat this quarter. Universal saw an attendance decline.

Important to remember universal had a HUGE jump last year though due to mario in CA opening. If universal had a 20% increase last year followed by a 10% decrease this year, and Disney had a 5% decrease last year followed by flat this year, Universal isn't worse off.

I'll note I totally made up my numbers, so don't treat as gospel. Just highlighting that comparing domestic for both year to year is a bit tricky with how last year was. Also I am DYING to see the theme park numbers to see how much of a change Orlando has been specifically.

 

[GhostHost1000]

Important to remember universal had a HUGE jump last year though due to mario in CA opening. If universal had a 20% increase last year followed by a 10% decrease this year, and Disney had a 5% decrease last year followed by flat this year, Universal isn't worse off.

Bingo... and the difference for people going to Disney vs Universal this year, is those who frequently visit Universal are likely waiting for Epic to open. Disney.... well... we got Communicore Cafeteria Hall I guess.

 

[John park hopper]

Wife has no desire to go back to WDW just said to me "we haven't been to Universal in a long time wanna go"

 

[Lilofan]

Importantly, Disney said domestic attendance was flat this quarter. Universal saw an attendance decline.

If Disney had a 10.6% revenue decline like Universal heads would roll at Disney but seems like crickets when Universal posts these poor #s.

 

[GhostHost1000]

If Disney had a 10.6% revenue decline like Universal heads would roll at Disney but seems like crickets when Universal posts these poor #s.

Universal is a different animal... .epsecially with a brand new theme park opening next year playing into that.

Disney might give us a new cupcake or popcorn bucket next year though...stay tuned! Maybe the stock will go up if they use the buttercream icing.

 

[Sirwalterraleigh]

Universal is a different animal... .epsecially with a brand new theme park opening next year playing into that.

Disney might give us a new cupcake or popcorn bucket next year though...stay tuned! Maybe the stock will go up if they use the buttercream icing.

…they have a couple of thousand jars of sun dried tomatoes left over from the 90’s in storage somewhere…

…I bet we can whip up a new “premium exclusive experience” with those somehow?

 

[Lilofan]

Universal is a different animal... .epsecially with a brand new theme park opening next year playing into that.

Disney might give us a new cupcake or popcorn bucket next year though...stay tuned! Maybe the stock will go up if they use the buttercream icing.

Build a Black Panther land. Many naysayers but Iger pushed it to make the movie happen. The rest is history. I’ll be one of the first to check out.

 

[GhostHost1000]

Build a Black Panther land. Many naysayers but Iger pushed it to make the movie happen. The rest is history. I’ll be one of the first to check out.

I'm sure you would be.

That would be right up their ally... but I think they are already making one of their cruise ships Marvel / Black Panther-ish.... because you know when one thinks of Disney, the first thing that comes to mind is a Black Panther statue