Disney's FY20 Q3 Earnings (8/4/20)

[donsullivan]

If I buy a hotel and ticket package in Q3, for Q1 in 2021, is that revenue recorded in Q3 or Q1? I’m guessing Q3?

Revenue is recorded when you complete your visit

 

[Sirwalterraleigh]

So Disney actually made a meager earnings this quarter despite park closures and missing revenue, even after all the analysts predicted they'd lose money.

That's...not terrible? I was expecting them to miss everything.

And this is interesting: despite raising a lot of debt, current liabilities *decreased*, albeit slightly from last year.

Shell accounting...taking a $10 bil loan from BOA and calling it “cash on hand”

...I never doubted them.

That’s stock wonky stuff that doesn’t matter though...the important part is just how much of their tangible business they lost and where that goes from here.

 

[Slpy3270]

Disney+ has now surpassed 60.5 million subscribers worldwide as of yesterday. Will roll out Disney+ Hotstar in Indonesia by September 5.

Those 21CF assets being put to some use.

 

[MisterPenguin]

The only thing that concerns me is that Disney+ has 57.5 million subscribers rather than 59 million as predicted by Wall Street.

Subscriber growth beginning to slow.

60.5 paid subscribers for Disney+ as of yesterday...

Um....

 

[Sirwalterraleigh]

60.5 paid subscribers for Disney+ as of yesterday...

It’s a drop in the bucket...however. $400 mil a month...chump change in the grand scheme of things...for now

 

[Slpy3270]

Um....

In all fairness that was *before* Chapek made the annoucement.

 

[DznyGrlSD]

ok who's talking right now? Bob 2.0?

 

[ToTBellHop]

Um....

By 5 pm it will be 70.2. They get a million new subscribers every 5 minutes because math.

 

[donsullivan]

In all fairness that was *before* Chapek made the annoucement.

The number in the earnings statement was end of June. The number he announced on the call is yesterday which factors in a potential bump from Hamilton on July 3rd.

 

[WEDway Inc & Company LLC]

Mulan Disney+

 

[Brer Oswald]

I almost spit out my drink. “Highly anticipated tent pole film...Mulan”.

 

[DCBaker]

Mulan to be released on Disney+ September 4th - $29.99.

 

[Slpy3270]

Disney resuming production on some projects, domestically and internationally.

 

[Sirwalterraleigh]

By 5 pm it will be 70.2. They get a million new subscribers every 5 minutes because math.

Hows that?

You are counting Pre-Sells as “growth”?

 

[Sirwalterraleigh]

Mulan to be released on Disney+ September 4th - $29.99.

That’s not good.

 

[WEDway Inc & Company LLC]

So it's not included in D+? Wow.

 

[ElvisMickey]

$30 for Mulan ON Disney +...LOL

 

[Slpy3270]

You can bet the movie theaters are going to go ballistic now.

 

[larryz]

Mulan to be released on Disney+ September 4th - $29.99.

I'll wait until it's on...

oh, wait...

Anyway, I'm not paying $29.99 to see it.

 

[wdwmagic]

You can bet the movie theaters are going to go ballistic now.

yeah will be interesting to see how that goes down.