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Disney’s Q2 FY24 Earnings Results Webcast
- Thread starter DCBaker
- Start date
Disney Irish
Premium Member
Interesting, before the morning bell. Wonder if they are anticipating good news for the quarter, D+ turns a profit perhaps....
TP2000
Well-Known Member
This could be the quarter that Disney+ makes its first actual profit!
Disney Irish
Premium Member
I know you're being sarcastic, but yeah I think it could be. Which would be good overall for Disney.
Kamikaze
Well-Known Member
You don't make this swap unless the numbers are good. If they were bad you would just leave as is.
Disney Irish
Premium Member
Yep completely agree. D+ profitability being the most likely reason.
Kamikaze
Well-Known Member
It almost has to be all sectors.
The market has an obsession with the streaming numbers, but it would still look bad if they make a profit on streaming but miss on parks.
That's what I was thinking, too. If they don't count the payout for Hulu by moving the cost to the balance sheet, it could well be the first time Disney's total streaming is net "operating income" positive. Especially with a 50% increase of revenue from Comcast's former stake in Hulu.
Disney Irish
Premium Member
No doubt, but the D+ numbers are going to be what everyone will be looking at if profitable.
This almost certainly means there is something significant that is unexpectedly good. Something the Company thinks will be a positive surprise for the analysts. And it almost certainly has to do with quarterly results, and not a transaction or other event, because if they knew about a positive transaction or other event now, they would not be able to put off the public announcement for a month.
All it took was buying a profitable streaming service and integrating into an unprofitable one. Also slashing expenses by not producing anything!
Bob is Genius!
Likely the Hulu integration and other cost factors made D+ profitable 2 quarters early. (Bob is a hero). But this will be the worst kept secret ever, a lot of the reaction to the earnings call will be baked in by 5/7. They may have gotten more of a pop by just leaving things as is.
$DIS is unchanged in after hours trading. We’ll see how much the street cares based on the performance over the next 27 days.
Disney Irish
Premium Member
Not likely.
Well, I tried.
BrianLo
Well-Known Member
Except costs have not yet been slashed for content? They continue to be more expensive quarter over quarter.
A big part of the equation will also be higher D+ revenue from the price hikes.
doctornick
Well-Known Member
And potentially a subscription number bump for Swift, right?
DisTopia
New Member
Possibly, but the final Anaheim city council vote for Disneyland Forward is also on May 7th so that might also have something to do with it.
Disney Irish
Premium Member
Not sure how that would be a factor as the vote would be many hours AFTER any afternoon earnings call. So no reason to move it because of that. Plus its not like Iger and team is going to show up at the City Council meeting anyways. So yeah I don't see that as being a factor.
Only reason to move it to being early is for positive news, like D+ being profitable.