News Disney’s Q1 FY26 Earnings Results Webcast

[Sirwalterraleigh]

You’re dummy!

They just need to spend more money and it will really make the money some consultants said it would more than a decade ago.

Seems it’s drawing in cash at every rate of about 3% of the corpse of abc and lifetime…

There’s “work to be done”

 

[monothingie]

It’s simply….not.

Disney does not release what the “sell out” number is nor their set capacity threshold. So there is no way to truly measure demand or how impressive the sell out is. and that’s on them. They choose not to release numbers.

I know I’ve always found it curious how multiple party nights could sell out simultaneously on a single day at the exact same time. Weird the way that works.

 

[Sirwalterraleigh]

Cool conspiracy theory.

Is there such a thing as “burying your head in the ice”?

Or do you have to go old school and use sand?

 

[Sirwalterraleigh]

I know I’ve always found it curious how multiple party nights could sell out simultaneously on a single day at the exact same time. Weird the way that works.

Usually they hit the lottery about 5-8 days out for the “high demand” slow nights as well.

Mama in Ohio itching to drop $1000 cold for a couple hours as she’s packing…I guess?

 

[Sirwalterraleigh]

Proud of it! I don’t mind, my position is well documented. Here we are cresting a 2B OI year and 10% margins in 2026. Next step? Current day Linear. The step after that? Linear circa 2013/14.

There’s no math there

Do you understand its a completely different model…from soup to nuts?

 

[BrianLo]

There’s no math there

Do you understand its a completely different model…from soup to nuts?

I know, we both have our positions. That’s the fun part. It either will continue to bare out and hit the ceiling.

Netflix has done it, I still remain convinced Disney can too.

Calling people nitwits or dummies seems a little unproductive. I enjoy this topic, obviously. I’m not going to gloat if you treat others with respect.

 

[Sirwalterraleigh]

I know, we both have our positions. That’s the fun part. It either will continue to bare out and hit the ceiling.

Netflix has done it, I still remain convinced Disney can too.

Calling people nitwits or dummies seems a little unproductive. I enjoy this topic, obviously. I’m not going to gloat if you treat others with respect.

I only reserve those comments for those that repeatedly cause civilization harm with dumb takes…and they get like 15 strikes first. ️

 

[Sirwalterraleigh]

Netflix has done it, I still remain convinced Disney can too.

Not even close to the same history…one scaled up while the other has failed to scale down due to other demands/committments

An elephant and a chihuahua both have 4 legs and are technically related

 

[BrianLo]

Not even close to the same history…one scaled up while the other has failed to scale down due to other demands/committments

An elephant and a chihuahua both have 4 legs and are technically related

All well and good. But today streaming financials are somewhere you said we could never be. And they continue to improve.

There is not, after all, a revenue issue. There’s quite a lot of revenue.

At a certain point you have to acknowledge the possibility does exist. There’s just way too much revenue and Disney SVOD is already too largely scaled to ignore. Disney is pretty good at milking their consumers and that is the last step. This is how the Parks have basically turned into the main engine of the company despite doing very little otherwise in the last 20 years.

 

[monothingie]

I see $DIS is down 7.5%. At least someone is seeing through the smoke and mirror performances that encompass these quarterly events.

Everything is stagnate. Don't believe it, look at $DIS since Iger part 2.

Parks, while providing most of the OI for the company are no longer growing...wonder why?????

Streaming isn't even close to as profitable as was expected. It's still WAY TO EXPENSIVE!

Studios, with all the IP and storytelling talent (LOL) they are just stuck in neutral, with two or three hits, making up for the rest of the lineup of spectacular and expensive bombs.

No growth, No innovation, No understanding of the customers they serve. Just clueless executives kissing the rear end of a CEO supposedly on his way out (for real this time).

 

[Sirwalterraleigh]

All well and good. But today streaming financials are somewhere you said we could never be. And they continue to improve.

There is not, after all, a revenue issue. There’s quite a lot of revenue.

At a certain point you have to acknowledge the possibility does exist. There’s just way too much revenue and Disney SVOD is already too largely scaled to ignore. Disney is pretty good at milking their consumers and that is the last step. This is how the Parks have basically turned into the main engine of the company despite doing very little otherwise in the last 20 years.

In the grand scheme of things…it’s almost a break even endeavor for them. A billion dollars is NOTHING by today’s standards

The data gleaned there by serpico is shocking

They’re getting 3% of the action on DTC as the old rotting carcass of cable.

It’s not a criticism of Disney…they’re all in the same boat…it’s just the dynamics of why old linear was a cash cow can’t be replicated as it was. There’s no captive audience and ad market demand. And since people got used to rejecting high fees- and liked it - they will go to things that come along that feed that new urge.

It’s just not there.

 

[Sirwalterraleigh]

I see $DIS is down 7.5%. At least someone is seeing through the smoke and mirror performances that encompass these quarterly events.

Everything is stagnate. Don't believe it, look at $DIS since Iger part 2.

Parks, while providing most of the OI for the company are no longer growing...wonder why?????

Streaming isn't even close to as profitable as was expected. It's still WAY TO EXPENSIVE!

Studios, with all the IP and storytelling talent (LOL) they are just stuck in neutral, with two or three hits, making up for the rest of the lineup of spectacular and expensive bombs.

No growth, No innovation, No understanding of the customers they serve. Just clueless executives kissing the rear end of a CEO supposedly on his way out (for real this time).

Can the Bob-ites explain why I lose money every time he talks 4 times a year?

Use small words. I bet tighty will really schmooze those numbers guys…the popcorn vendor overlord

 

[monothingie]

All well and good. But today streaming financials are somewhere you said we could never be. And they continue to improve.

No they're essentially flat with YOY minimal growth. That's directly reflected in the the stock price...which has also been flat since Iger part 2 started.

There is not, after all, a revenue issue. There’s quite a lot of revenue.

There is an expense issue. Everything costs too much at Disney Studios - Streaming - TV

At a certain point you have to acknowledge the possibility does exist. There’s just way too much revenue and Disney SVOD is already too largely scaled to ignore. Disney is pretty good at milking their consumers and that is the last step. This is how the Parks have basically turned into the main engine of the company despite doing very little otherwise in the last 20 years.

Streaming was expected to have OI and margins much greater than what it has now. Yeah it's making money, but when your margins are so low, you have to wonder what exactly is going on? Wall Street certainly has noticed.

 

[Vegas Disney Fan]

The only real cost increase over the last 6-7 years has been the cost of tickets. Value and Moderate hotels have been roughly flat over the years and perks have come and gone.

I agree, we just struggle to justify the price without all the perks that disappeared 5 years ago. I keep hoping there will eventually be pushback from those cuts but I guess those of us that don’t feel it’s worth it anymore are the minority.

 

[Chef Mickey]

They profitted $4 billion. He's doing something right

Down 7%, yeah, you know better though.

Business 101: profitable doesn’t mean anything. They should be WAY more profitable, as evidenced by their performance.

And why wouldn’t they be profitable? Being profitable is the absolute lowest bar you can have for Disney.

Down 42% while the S&P500 is up 80% is not “doing something right.” He’s actually doing everything wrong.

Their profit was under $2.5B btw. Which is lower than 2019.

 

[flynnibus]

The only real cost increase over the last 6-7 years has been the cost of tickets. Value and Moderate hotels have been roughly flat over the years and perks have come and gone.

Only if you are saying 'hotel prices' -- Your out of pocket spend has been through the roof for your spending on property as a whole.

 

[Chef Mickey]

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The DTC business is absolutely mismanaged and abysmal. Spending is out of control. Horrible management.

 

[BrianLo]

They’re getting 3% of the action on DTC as the old rotting carcass of cable.

Can you clarify what you mean by 3%?

No they're essentially flat with YOY minimal growth.

Revenue is up 11% and OI 72% YoY.

 

[flynnibus]

It’s simply….not.

Disney does not release what the “sell out” number is nor their set capacity threshold. So there is no way to truly measure demand or how impressive the sell out is. and that’s on them. They choose not to release numbers.

Selling out and limiting ticket sales on a limited ticket event doesn't help Disney.. so they aren't really motivated to have sell outs as some sort of buzz thing... It's counter to the idea of 'low crowds'. They want people singing about their experience... not promote "We have this thing, that you can't have..."

 

[JD80]

I agree, we just struggle to justify the price without all the perks that disappeared 5 years ago. I keep hoping there will eventually be pushback from those cuts but I guess those of us that don’t feel it’s worth it anymore are the minority.

What perks are making up for the cost of tickets? Standby Lines are better today than they were during the FP+ days in 2017/18/19. You don't need LLMP unless you're trying to do a 1:1 comparison without any other consideration.