News Disney’s Fiscal Full Year and Q4 2025 Earnings Results Webcast

[MisterPenguin]

Domestic Experiences Depreciation

2024 -- $1.7B

2025 -- $1.9B

 

[Sirwalterraleigh]

Where does it say Avatar doesn't make money?

Avatar would be included in that blip…

They’re saying their movies are in the crapper into next year.
And to put that to paper is the equivalent of pulling bobs teeth out

Not to muck this thread up…If would like to read the same 5 people try to slink out of the movie studios posting another dismal year…which is like 3 outta 4 post plague?…it’s in the box office thread

 

[lentesta]

There were 4 days in 4Q2024 (the prior year, Sept 24-27) in which WDW attendance was likely impacted by tropical storms/hurricanes. So this year's 1% decline in attendance should be viewed in that context.

There were storms in 1Q2025 too, but that's for the next call.

 

[DCBaker]

Hugh on parks demand: Bookings are up 3% in the first quarter. Feel good about that. They also up for the year.

 

[MisterPenguin]

TWDC Overall Profit from Segments:

Q4 2024 -- $0.5 B
Q4 2025 -- $1.3 B

Year End 2024 -- $5.0B
Year End 2025 -- $12.4B

 

[wdwmagic]

These calls are just no fun anymore. Hugh is too good at dodging the questions.

 

[MisterPenguin]

There were 4 days in 4Q2024 (the prior year, Sept 24-27) in which WDW attendance was likely impacted by tropical storms/hurricanes. So this year's 1% decline in attendance should be viewed in that context.

There were storms in 1Q2025 too, but that's for the next call.

1% down in attendance...

5% increase in per person spending.

 

[MisterPenguin]

Debt went down $3.3B year over year.

 

[brettf22]

1% down in attendance...

5% increase in per person spending.

Yup. The “fewer people paying more” strategy continues to work.

 

[monothingie]

Yup. The “fewer people paying more” strategy continues to work.

It works phenomenally!

Until it doesn’t.

 

[MisterPenguin]

"BTW... YouTube is the worst!"

 

[MisterPenguin]

It is works phenomenally!

Until it doesn’t.

You have 3 months to declare every day of those 3 months that it has stopped working!!

 

[monothingie]

You have 3 months to declare every day of those 3 months that it has stopped working!!

Yup they’ll just keep happily paying the higher prices for everything…forever.

Completely sustainable.

What’s the upper limit for you penguin? And no they don’t accept anchovies as currency.

 

[Nevermore525]

Most Domestic Hotel Cash bookings in a given four quarter period for the company.

 

[Touchdown]

It is works phenomenally!

Until it doesn’t.

It’s a story old as time, at some point they will go too far and profits will freefall all at once. I just don’t know when that will happen.

 

[brettf22]

Re: YouTubeTV, you have to chuckle at the “we’re not going to discuss ongoing negotiations” one minute, then ending the call with a discussion of the ongoing negotiations (albeit a one-sided “discussion”).

 

[Chef Mickey]

Another incompetent quarter.

 

[Dranth]

Avatar would be included in that blip…

They’re saying their movies are in the crapper into next year.
And to put that to paper is the equivalent of pulling bobs teeth out

Not to muck this thread up…If would like to read the same 5 people try to slink out of the movie studios posting another dismal year…which is like 3 outta 4 post plague?…it’s in the box office thread

I believe they mentioned it, but Avatar is being released late Q1 so they expect the impact to split over Q1 and Q2, hence the lower guidance for Q1.

Personally the upcoming slate doesn't do much for me, but it does makes sense.

 

[Chef Mickey]

Pretty much in line with expectations.

Linear still turns a profit despite diminishing revenue.

DTC showing continued growth

Studios sector still all over the place.

Experiences just keeps chugging along

Stock down over 5%, market hates it.

 

[Nevermore525]

Theatrical releases for 2025 Q1 totaled around $400-500 in budget.

Already for Q1 2026 at about $400M in releases without adding in Zootopia 2 and Avatar’s costs, which Zootopia will probably be around $200M and Avatar another $250M+ considering the Way of Water was $460M