News Dismal Q3 Earnings

[mikejs78]

So that's the narrative you two are holding onto that makes you both take nonsensical positions... now I understand.

Someone is just trying to deflect because their narrative has been disproven.

 

[bartholomr4]

Good stuff. So domestic parks revenue was up half a billion dollars year over year. So how exactly are the parks doing horribly and driving the stock down?

Yep, that would be my question as well..... Lots of noise in the numbers (more than usual) due to the merger!

 

[Minnesota disney fan]

While I am not a fan of the current SW Trilogy, I can't help but think that WDW SEGE can be nothing less than a success. It will succeed because they have family trapped in the buggle year round. Most families are visiting each park once; Disney even sells their special ticket discounts to promote this behavior.

Just like these families were planning their entire day at DHS before TSL opened (While we were arguing that it was a half day park), families will continue this pattern. Each park at least once. Try to explore SWGE because the internet tells them to. Buy Blue Milk because Instagramers tell them to. Buy their kid a lightsaber because the mom that lives down the street did for her kid. It is the same behavior pattern that we see across property.

WDW SWGE can be nothing but a success with a trapped audience, biting on all of the lures that Disney lays out for them. It won't matter how the ST is viewed by the public. People will go because they are in Florida, in WDW and in DHS on at least one day of their trip. You will not see the ghost town that we have seen at the West coast property.

I agree that it will not be a ghost town, but I don't agree that most people who go to HS will then go to SWGE. I think there has to be an interest in the first place. I am a big SW fan of the original series. Not so much the try at a new one. So, we won't be going into SW land just because we are at Disney or at HS. We love Tot, and the other attractions more. Disney ruined our love of all things SW at this point. I think they will try to incorporate the older versions into upcoming movies, but I don't see how. You can't resurrect all the leading characters again. Just my thoughts, right or wrong

 

[Minnesota disney fan]

Disney's Iger gave every possible reason except for giving to customers what they actually want in Star Wars. Now that Disney fully owns Avatar, they can still ruin it once James Cameron decides to not make subsequent additions personally. This is not about a simple mistake of a bad storyline or a misjudged opening date. Disney can ruin a franchise by deliberately alienating it's fan base and make changes to myths and tone of the franchise. This was what happened to Star Wars. The magic is lost. How can they regain it? There are 2 Rises: Rise of Skywalker and Rise of Resistance. What's sad is they are on-track to break Marvel with the announcement on Phase 4. It's suicide to make Thor female when Chris Hemsworth is still young, capable, and willing to play the role. The rush to make every Marvel character completely different than what it's creator envisioned will hurt the franchise especially with inserting modern Woke/SJW politics. This is Sequel Disney.

I cannot agree with this more!!!! Wish I had a hundred likes for it The remakes of classics is wrong, IMO, too. I don't know who is running this new show at WDI but they need to realize that people, families, especially, have long standing emotional ties to Disney characters. Changing them to be PC is not the answer. REally? A female instead of Chris Hemsworth? Blasphemy.

 

[larryz]

I watched part of Solo on NetFlix and it didn't do much for me so I turned it off after 30 minutes? It was just a senseless action movie to me.

The problem with Solo, as I see it, is the actor they picked to play Solo has even less charisma than Shia Labouef.

 

[Sirwalterraleigh]

2 out of 3 held up. One was just bad when it came out and aged it's self any better.

Setting a technical bar doesn't mean much to me. I have a brother in law who says things like, "The special effects were great.". That means the movie was crap and I shouldn't worry about seeing it. He will go see a movie for the special effects, me no. I went to see the last Kong at an I-Max theater, looked like a good movie for that format. Didn't take long for me to think that movie sucked. Seems like the guys in the helicopters would figure out not to fly close to the gaint monkey as they get knocked out of the sky one by one? They just couldn't figure that one out?

That is incorrect for about 100 reasons...but I’m not surprised you said that.

 

[Sirwalterraleigh]

CinemaScore doesn't score by success or failure. It scores what people who have seen the movie thought. Solo may have flopped but the people who actually saw it liked it.

The problem with CinemaScore is when you’re watching a “highly rated” movie that absolutely sucks...

So there’s that too.

 

[mikejs78]

Are we really arguing that Disney has actually done everything right, Galaxy's Edge is a smash hit, and Wizarding World isn't?

No one is arguing that. Mistakes have been made. What some of us are arguing is that the sky is not falling, the land is not a disaster (albeit it needs.its second ride and some adjustments, especially to entertainment), and it did not cause the stock to plummit.

 

[Captain Chaos]

Ahhh that's better. That ignore function really cleans up the garbage.

Now, carry on with discussing Disney closing up shop tomorrow.

 

[Sirwalterraleigh]

Are we really arguing that Disney has actually done everything right, Galaxy's Edge is a smash hit, and Wizarding World isn't?

I actually think the branch dividians have begun to convince themselves of something like that.

But that’s pumping up for the wdw opening...so I take it with typical tablespoon of salt. It has to be amazing to support the next 11 trips already planned to see it.

On one of these threads...a 100% Disney/LFL apologist said “I was really down on Star Wars...then the immersion of galaxys edge brought me back to it..”

Whah?? Da?

It brought you and your last Johnson emoji back??

Thank god..Disney Thought they lost you for a nanosecond there

 

[Sirwalterraleigh]

Ahhh that's better... That ignore function really cleans up the garbage...

Now, carry on with discussing Disney closing up shop tomorrow...

That’s a great idea...adios, muchacho

 

[Sirwalterraleigh]

No one is arguing that. Mistakes have been made. What some of us are arguing is that the sky is not falling, the land is not a disaster (albeit it needs.its second ride and some adjustments, especially to entertainment), and it did not cause the stock to plummit.

It did not cause a stock plummet...long term it will be “fine”.

But it’s underwhelming and was that the goal/point?

We are not asking the right questions about Star Wars on really any of these threads.

 

[GoofGoof]

Maybe ride count doesn't. But for me if it's just a couple rides, the land needs to be an attraction as well. And this land doesnt feel like that for me based on what I've seen. Just my opinion obviously.

Fair enough. I haven’t been to the land yet but will see it later today at DL so I will have a better idea.

 

[GoofGoof]

Good stuff. So domestic parks revenue was up half a billion dollars year over year. So how exactly are the parks doing horribly and driving the stock down?

The park segment is doing really well and has been. I don’t think anyone can dispute that. What the discussion has been around is whether the recent decline in attendance is a sign of weakening or just a bump in the road. I think everyone expected SW to be a huge boost to the parks and the partial opening at DLR has so far not delivered.

 

[mikejs78]

The park segment is doing really well and has been. I don’t think anyone can dispute that. What the discussion has been around is whether the recent decline in attendance is a sign of weakening or just a bump in the road. I think everyone expected SW to be a huge boost to the parks and the partial opening at DLR has so far not delivered.

Of course, everything you say makes absolute sense, but people here are disputing it. There are those here that argued that domestic parks are in big trouble and were the cause of Disney missing expectations in Q3, that the sky is falling, and Galaxy's Edge is a failure.

 

[mikejs78]

It did not cause a stock plummet...long term it will be “fine”.

But it’s underwhelming and was that the goal/point?

We are not asking the right questions about Star Wars on really any of these threads.

I am specifically arguing against the narrative that Galaxy's Edge is such a failure that it caused Disney to significantly miss Q3 analyst expectations, and caused the stock to plummet (which was the argument presented), therefore Galaxy's Edge is a failure. After all, the topic of this thread is specifically Q3 earnings. We can argue about Star Wars in general in another thread.

No doubt response to Galaxy's Edge has been underwhelming in DL so far. But that has little to do with Q3 earnings.

 

[DanielBB8]

You can’t isolate Galaxy’s Edge performance from Q3 earnings. That’s why the stock went down based on expectations on future earnings. They don’t believe in buy and hold investment strategy.

 

[mikejs78]

You can’t isolate Galaxy’s Edge performance from Q3 earnings. That’s why the stock went down based on expectations on future earnings. They don’t believe in buy and hold investment strategy.

Except the stock is not down, it's up from the day before earnings. So since stock is about expectations of future earnings, that means investors think Galaxy's Edge will be just fine, since apparently Disney earnings are all about Galaxy's Edge.

Try again.

 

[DanielBB8]

Except the stock is not down, it's up from the day before earnings. So since stock is about expectations of future earnings, that means investors think Galaxy's Edge will be just fine, since apparently Disney earnings are all about Galaxy's Edge.

Try again.

Okay, I’ll try again. It was $141 per share before it went down to $132. It is coming back and is now at $138. It remains lower after the high. The other high was $147 per share.

 

[doctornick]

You can’t isolate Galaxy’s Edge performance from Q3 earnings. That’s why the stock went down based on expectations on future earnings. They don’t believe in buy and hold investment strategy.

The point is that while decreased attendance at DL in spite of GE might have playe a role in the earnings being lower than expected, people are putting too much weight on Star Wars and GE where there were any other factor impacting earnings.