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

[Sir_Cliff]

Yes.

None of that matters. We invest on future performance.

This company is poorly positioned to deal with an economic downturn.

What’s the plan for parks ? Lower the cost of the AP and flood the parks with locals ?

Locals won’t be paying the insane room rates, ever increasing food costs or high LL costs.

This is just one segment of the business.


When your business plan is ever increasing prices with reduced quality of product you will eventually pay the price. It’s not sustainable.

What you are outlining, though, is not an argument for investing in the parks or even really an argument against making as much money out of them while they can.

If there is an economic downturn, demand won't magically appear because attractions are in tip-top shape and they have invested in a whole bunch of new attractions. They would have to lower the prices and try to attract people at lower income levels than before, whatever the case.

What you're outlining is more what I understand Steve Jobs' pitch was to Iger about selling the parks and just collecting royalties: they are too vulnerable to downturns and other freak events that leave you with giant, expensive-to-maintain facilities that are harder to adapt to changing conditions than other businesses.

This is why I smack my head when people here dance around and whoop and holler every time the share price goes down or attendance falls or stagnates: the endless growth philosophy is the problem.

 

[Dranth]

It doesn’t mean anything tangible

What it might do is cause your lapdog manager and his bad lieutenants to do stupid things to “fix it”

…what’s the chances of that?

High enough, which is why I really don't like the way the market works these days with the reactionary quarter to quarter chase.

If people really stopped to think about it, what could Disney do right now to increase stock prices? Nothing that would be good for us guests so why on earth are folks focused on it?

Long term I believe they have some options and moves they can make to please the market but short term? Price increases, stock buy backs and cost cutting. Any of those sound good for us?

 

[DrStarlander]

-Universal
-Cruises
-National Parks
-Beaches
-International Travel

Exactly. The alternative to a Disney Parks visit isn't just another theme park. It could be all the things: skiing, camping, museums, riding ATVs in the desert, countless other forms of recreation.

 

[Sirwalterraleigh]

.

This is why I smack my head when people here dance around and whoop and holler every time the share price goes down or attendance falls or stagnates: the endless growth philosophy is the problem.

You’d hear less a whoopin’ and a hollerin’ if the trends went the OTHER way more

The track record isn’t looking great at this juncture

 

[Sirwalterraleigh]

Exactly. The alternative to a Disney Parks visit isn't just another theme park. It could be all the things: skiing, camping, museums, riding ATVs in the desert, countless other forms of recreation.

I’ll add to that…you can purchase more unique or “luxury” options in the same price range

More value

Because it turns out competition does matter

 

[DarkMetroid567]

The stock is down 9%.

First earnings call?

 

[Sirwalterraleigh]

First earnings call?

First one of the quarter sprint era?

 

[Trauma]

This has been going on for the past decade.

So why hasn't it all collapsed already?

Companies like Disney don’t fall apart overnight.

You can still find a few Sears stores for example.

Big companies can take a very long time to die.

There are warning signs FAR in advance.

Disney’s destruction of its reputation with consumers is a big flashing warning sign.

15 years ago the talk I would hear would be about how amazing a Disney vacation is.

The talk I hear now is how expensive a Disney vacation is.

That is not a favorable shift in customer perception.

 

[Serpico Jones]

Look at what happened to General Electric, a much bigger company than Disney, btw.

 

[Serpico Jones]

 

[Chi84]

Exactly. The alternative to a Disney Parks visit isn't just another theme park. It could be all the things: skiing, camping, museums, riding ATVs in the desert, countless other forms of recreation.

It could be. But one of the key reasons people go to a resort like WDW is its all-in-one-place nature and its appeal to multi-generational families vacationing for a week or more.

None of what you suggest comes close to replacing what WDW has to offer.

 

[Touchdown]

It could be. But one of the key reasons people go to a resort like WDW is its all-in-one-place nature and its appeal to multi-generational families vacationing for a week or more.

None of what you suggest comes close to replacing what WDW has to offer.

Cruises do, all inclusive resorts do, universal does.

 

[Serpico Jones]

 

[Chi84]

-Universal
-Cruises
-National Parks
-Beaches
-International Travel

For my family in particular the only viable alternative is a cruise. In fact, we have started alternating between cruises and WDW.

We’ve been on the Fantasy and Treasure and have two more DCL cruises booked. The grandkids are all under age 7 so our decision is based largely on the quality of the kids’ clubs.

 

[Chi84]

Cruises do, all inclusive resorts do, universal does.

With very young children and pretty old adults I don’t think either Universal or an all-inclusive resort would have the same appeal.

 

[Sirwalterraleigh]

Companies like Disney don’t fall apart overnight.

You can still find a few Sears stores for example.

Big companies can take a very long time to die.

There are warning signs FAR in advance.

Disney’s destruction of its reputation with consumers is a big flashing warning sign.

15 years ago the talk I would hear would be about how amazing a Disney vacation is.

The talk I hear now is how expensive a Disney vacation is.

That is not a favorable shift in customer perception.

I may have posted this 1(hundred) or 2(thousand) times before…

But once a product is labeled a “ripoff”…there is no recovery

 

[Sirwalterraleigh]

That’s less than inflation…when you put it that way

 

[JD80]

Yes.

None of that matters. We invest on future performance.

This company is poorly positioned to deal with an economic downturn.

What’s the plan for parks ? Lower the cost of the AP and flood the parks with locals ?

Locals won’t be paying the insane room rates, ever increasing food costs or high LL costs.

This is just one segment of the business.


When your business plan is ever increasing prices with reduced quality of product you will eventually pay the price. It’s not sustainable.

lol ok

 

[Sirwalterraleigh]

lol ok

Nothing, huh?

 

[JD80]

The stock is down 9%.

NVIDIA is down 4%, Tesla is down 7%, Intel is down 6%, Palantir is down 7%

Wall Street is Wall Street.