News Disney’s Q2 FY25 Earnings Results Webcast

[Dranth]

How many more hard ticket events were there last quarter compared to same quarter the previous year?

Best I can tell they had a couple less Q2 2025 vs. Q2 2024.

I counted 19 DAH events this year and 21 last. There may be other event types I am not remembering to include, and I just counted from the list on the site here so I don’t know if that includes any dates that may have been added, moved, canceled, etc.

 

[Kamikaze]

*reported*

It all tastes the same. Its only real notable benefit is that its cheap. Try some real alcohol.

 

[Kamikaze]

Best I can tell they had a couple less Q2 2025 vs. Q2 2024.

I counted 19 DAH events this year and 21 last. There may be other event types I am not remembering to include, and I just counted from the list on the site here so I don’t know if that includes any dates that may have been added, moved, canceled, etc.

I don't know the cause of the very slight guest increase other than just more people booked, but the revenue increase is almost certainly LL Premier Pass.

 

[Lilofan]

Do you really want to do COVID history lessons or are you just being obtuse as usual?

You have literally zero factual evidence that impropriety of any kind is going on here, but yet you persist.

Some continuing to be very critical of the Mouse but the same folks vacationing there and keep feeding the mouse

 

[easyrowrdw]

It all tastes the same. Its only real notable benefit is that its cheap. Try some real alcohol.

It was a joke. Enjoy whatever you want

 

[Sir_Cliff]

It all tastes the same. Its only real notable benefit is that its cheap. Try some real alcohol.

Don´t mind if I do!

 

[Sirwalterraleigh]

UAE isn't the Saudis, lets be clear.

Is it a 'bad look' for all the other companies doing business in the UAE?

Was it a 'bad look' when Universal wanted to build there but later canceled it?

Or is it only a 'bad look' because Disney bad?

UAE is “Saudi adjacent”…as in who passes through and how much money passes through going to? Who knows?

It’s not Connecticut

 

[Sirwalterraleigh]

Beer is disgusting.

Zima or “hard” seltzer?

 

[Kamikaze]

Zima or “hard” seltzer?

No

 

[SamusAranX]

It's not really out of the blue. People have been telling you all for a long time now that you were letting your personal opinions on the parks make you believe the situation was worse than it ever actually was. You just didn't want to believe that, and you now seem to be struggling to cope with the realization that those folks were right. It wasn't really that bad.

Disney is a lot of things as company, but under performing is not really one of them.

I agree that the worst doom and gloom prognosticators weren’t always correct but to say Disney isn’t underperforming…well. Go look at its stock performance. Even with this uptick. Then compare it to years past. There’s a lot of room for improvement. And that’s fiscally (won’t someone please, think of the shareholders?!). Subjectively there’s room for improvement at many of its parks. Your mileage may vary.

 

[Sirwalterraleigh]

The government propped up many businesses, didn’t it?

I seem to recall

The the tune of $7,000,000,000,000 in giveaways, no collection “loans”, and capital injection.

Meanwhile the “desperate” companies where still doing buybacks…price fixing…the whole time

Both before and after January 2020

What happened? Well I think after August, 2008…the die was cast. The fat cats lost actually wealth…they of course got it back a plenty…but it took a long time. If you know money…they let it be known then and there that it won’t happen again. So the rigged game becomes more rigged.

To be clear…I don’t think Disney is cheating the system…I think they are using a system that allows companies to say what they want to be worth…damn the facts.

It’s not a Disney thing…it’s an oligarch type arrangement for a select few.

As my friend Elim Garek always said: “I believe in coincidences…coincidences happen every day…
But I don’t trust coincidences”

I can’t think of company that needed a “huge” quarter more than Disney. Nothing was really in their favor and the succession thing was about to get desperate. And we know what they wanted to do.

72 hours later…all that pressure went away. Could there have been “projected gains” on one line and “unrecognized losses” in another?

We assume the rules prohibit that…but do they? Elliot ness retired long ago.

 

[Sirwalterraleigh]

I agree that the worst doom and gloom prognosticators weren’t always correct but to say Disney isn’t underperforming…well. Go look at its stock performance. Even with this uptick. Then compare it to years past. There’s a lot of room for improvement. And that’s fiscally (won’t someone please, think of the shareholders?!). Subjectively there’s room for improvement at many of its parks. Your mileage may vary.

To say they haven’t underperformed for years compared to the market they serve just is rejection outright.

Buy what metric have they “delivered” for their investors?

That doesn’t mean they’re going out of business…but it also means the status quo no longer yields results

 

[Chef Mickey]

I just think it’s hilarious that in a post Enron, post 2008 crisis world there are people who are seriously asserting that one of the largest and most observed companies is on the face of the planet are doing filing shenanigans and book cooking and somehow nobody is noticing.

Yes back in the days of a company like Enron it was very easy to do. But we have gone through quite a bit of changes as a result of various things the last 25 years that would make it very difficult for Disney to be book cooking to the extent that some people are suggesting they are.

Agreed. It's people who know nothing about financial markets, mostly.

Disney had a solid, impressive quarter for which I give them full credit. However, the net income earned is still only getting back to pre-covid levels, 5 years ago. They have a long way to go, so there is really nothing that impressive.

They have only moved into the slightly less incompetent category now.

 

[Chef Mickey]

It's not really out of the blue. People have been telling you all for a long time now that you were letting your personal opinions on the parks make you believe the situation was worse than it ever actually was. You just didn't want to believe that, and you now seem to be struggling to cope with the realization that those folks were right. It wasn't really that bad.

Disney is a lot of things as company, but under performing is not really one of them.

It's out of the blue since 2019 and Disney's under performance is objective, well documented, and real.

Their profitablity has been ridiculous since Covid and this is the first glimmer of recovery. Disney is totally incompetent and probably one of the worst managed companies in their leadership position of any. I follow these companies for a living and it's bad.

In a world the S&P500 has produced over 175% return in 10 years, Disney is down like -12%. It's insane and unacceptable.

Also, when a stock is up 10% in a day, it means investors didn't expect what happened, otherwise people would have bought it before. So yeah, it was unexpected and out of the blue.

 

[doctornick]

I constantly read on here how Disney is being managed so poorly and yet they consistently seem to be outperforming their legacy media peers. Now, that doesn't mean that they haven't had their share of missteps but the company has been able to generally remain profitable which is not something that other similar companies have been able to accomplish.

I'm actually still surprised at how well they weathered COVID and the post-pandemic era. Their core business of movies, parks/cruise/travel and non-essential consumer goods all have been hit hard by the pandemic and subsequent behavior changes.

 

[DarkMetroid567]

In a world the S&P500 has produced over 175% return in 10 years, Disney is down like -12%. It's insane and unacceptable.

Excuse me if I’m wrong, I’m still relatively new to this stuff but work in an adjacent industry. Is this not the status quo for the industries that TWDC operates in? I don’t doubt that there’s some pessimism in Disney’s leadership (especially throughout Disney+) but I haven’t really seen them as this huge exception of incompetence.

 

[MisterPenguin]

but to say Disney isn’t underperforming

Disney stock is unmoored from reality.

A company makes a PROFIT of $3B in just one quarter and you want to say it's under-performing and all you have to point to is its stock price?

Disney's stock can drop to pennies and it would still make that $3B per quarter.

 

[Chef Mickey]

Disney stock is unmoored from reality.

A company makes a PROFIT of $3B in just one quarter and you want to say it's under-performing and all you have to point to is its stock price?

Disney's stock can drop to pennies and it would still make that $3B per quarter.

Yes, it's under-performing because of its stock price, profit, and execution.

They had 1 decent quarter. They still have only made $8.9B in the last 12 months and made over $13B 5 years ago. What would under-performing look like to you? Or are you someone that just doesn't follow stocks/markets and thinks $3B sounds like a lot of money so everything is fine? These are big companies, with huge valuations and need to put up huge numbers to justify the valuations. Otherwise, they fall. Disney is still worth $190B and is trading at over 20X earnings (which is too high unless the growth continues). It's been a crap company with horrible management and execution for a company in a leadership position.

Even taking out financials, the parks are worse, the movies have been terrible, ESPN and TV have continued to hemorrhage money, Disney+ growth has slowed and continues to be a cash burner, etc. The stock reflects these issues.

So the stock isn't disconnected from reality. In fact, investors understand reality better than any person in the peanut gallery. They have determined the company is under-performing.

 

[Chef Mickey]

Excuse me if I’m wrong, I’m still relatively new to this stuff but work in an adjacent industry. Is this not the status quo for the industries that TWDC operates in? I don’t doubt that there’s some pessimism in Disney’s leadership (especially throughout Disney+) but I haven’t really seen them as this huge exception of incompetence.

Not really. Disney is a leader in entertainment with the best properties in the world. They don't have traditional challenges of other communications companies like Verizon and Comcast bc they don't manage capital intensive legacy systems like broadband networks and have endless regulatory red tape. Comcast and Verizon have historically paid huge dividends to investors too, which quells their bad stock performance. Disney suspended their dividend and only pays a small one after reinstating it.

Disney is an entertainment company, so I don't know what you'd compare them to, but certainly not something like Verizon or even Comcast. They should be run much better than those companies, which were also run poorly, especially Verizon.

Disney is more of a NFLX type business in terms of content but NFLX has wiped the floor with them.

 

[Agent H]

Yes, it's under performing because of its stock price, profit, and execution.

They had 1 decent quarter. They still have only made $8.9B in the last 12 months and made over $13B 5 years ago. What would under-perfroming look like to you? Or are you someone that just doesn't follow stocks/markets and thinks $3B sounds like a lot of money so everything is fine? These are big companies, with huge valuations and need to put up huge numbers to justify the valuations. Otherwise, they fall. Disney is still worth $190B and is trading at over 20X earnings (which is too high unless the growth continues).

Even taking out financials, the parks are worse, the movies have been terrible, ESPN and TV have continued to hemorrhage money, Disney+ has slowed and continues to be a cash burner, etc. The stock reflects these issues.

First of all you said you’re latter statement would leave out financials yet you mention how much money they’re supposedly not making several times. Second of all funny. The New York Times would seem to disagree with your claim that the parks aren’t doing well.

they also gained 1.4 million Disney+ subscribers this past quarter so obviously your claim that Disney+ has slowed isn’t true.