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News Dismal Q3 Earnings
- Thread starter monothingie
- Start date
Stripes
Well-Known Member
The question was asked. Bob said he had nothing to add at the moment.
MickeyMinnieMom
Well-Known Member
Live Blog: The Walt Disney Company Q3 2019 Earnings - LaughingPlace.com
This afternoon, The Walt Disney Company will announce their third quarter earnings and discuss them with investors during a conference call. Stay tuned as we bring you highlights from the financial results as well as any news that might emerge after.www.laughingplace.com
Attendance was up at Disneyland, excluding annual passholders. Disney says that concern about overcrowding, increases in local hotel prices, and opening one attraction instead of two, impacted attendance as well.
I love Laughing Place’s live blog too, to summarize stuff like this... I had pulled these out and posted in the DHS SWGE thread... Iger somewhat addresses different expectations for DHS vs DL...
Live Blog: The Walt Disney Company Q3 2019 Earnings - LaughingPlace.com
This afternoon, The Walt Disney Company will announce their third quarter earnings and discuss them with investors during a conference call. Stay tuned as we bring you highlights from the financial results as well as any news that might emerge after.
www.laughingplace.com
Animaniac93-98
Well-Known Member
I love Laughing Place’s live blog too, to summarize stuff like this... I had pulled these out and posted in the DHS SWGE thread... Iger somewhat addresses different expectations for DHS vs DL...
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Live Blog: The Walt Disney Company Q3 2019 Earnings - LaughingPlace.com
This afternoon, The Walt Disney Company will announce their third quarter earnings and discuss them with investors during a conference call. Stay tuned as we bring you highlights from the financial results as well as any news that might emerge after.
Stripes
Well-Known Member
As I have little interest in ESPN+, I would much prefer a double bundle with just Disney+ and Hulu, and maybe save a buck or two. I’m not complaining though. Even standalone, the prices are very good.
Disney Analyst
Well-Known Member
So not as doom and gloom as some made it out to be. Disneyland have paid attendance up is actually great news. And the domestic reservations trending up 4% for next quarter is great.
ToTBellHop
Well-Known Member
Sorry, what happened at Universal Orlando after they opened Hogsmeade in June 2010?
I’m sure Disney is happy with bookings up 4%...
Perhaps DAK post-Pandora (May 2017) is more fair:
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mikejs78
Premium Member
This is statistical fallicy. You can't equate hotel bookings with park attendance unless you provided how both Hogsmade and Pandora increased hotel bookongs for Universal Orlando and WDW. respectively.
Even comparing park attendance is tough to compare for DL because of the blackouts this summer. Best measure will be park attendance in 2020.
ToTBellHop
Well-Known Member
How many hotels has UOR opened? 2400 rooms before, 9000 by March.
I think they’ve seen wonderful return on their investments, of which Harry Potter has been the most significant.
Y’all keep on trying to convince yourselves the company is pleased with the SWGE response. I’m sure Bob Iger would never spin data or lie outright about his feelings to protect stock values.
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WDW Pro
Well-Known Member
Live Blog: The Walt Disney Company Q3 2019 Earnings - LaughingPlace.com
This afternoon, The Walt Disney Company will announce their third quarter earnings and discuss them with investors during a conference call. Stay tuned as we bring you highlights from the financial results as well as any news that might emerge after.
Attendance was up at Disneyland, excluding annual passholders. Disney says that concern about overcrowding, increases in local hotel prices, and opening one attraction instead of two, impacted attendance as well.
Which, in real talk, means Disneyland attendance was net negative. Disneyland attendance only beat 2018 numbers on one Saturday in the month of June. Add to that attendance was down more than 50% on average for weekdays in June. That is a huge reversal in attendance expectations.
Disneyland paid attendance was up marginally; Iger just knows not to be terribly specific when specificity reveals a poorer reality. If paid attendance is up marginally (as in less than 6%), and annual pass attendance craters, you've got a problem at DLR. A 1.5 billion dollar investment is supposed to drive attendance through the roof, not create a double digit percentage loss in overall attendance. They can blame hotel prices, resort prices, crowd expectations, etc... but when Star Wars merchandise is continuing to decline and offsetting Toy Story merchandise profits, they know the IP is damaged.
mikejs78
Premium Member
That's not the point. It's fine to say Disney didn't meet their targets, they probably didn't. I'm just saying that the comparisons you made weren't exactly apples to apples.
Disney Analyst
Well-Known Member
I mean... USO also had significant room to grow... due to their pretty lacklustre numbers prior.
I don’t know how much higher attendance can get at Disneyland in a year without everything sucking...
WDW Pro
Well-Known Member
It's currently designed to handle many millions more per month than they've seen in the past 90 days.
ToTBellHop
Well-Known Member
DAK went up 30% to have 2nd highest attendance in Florida. The Disneyland RESORT can hold more bodies. Hell. It can hold a third park. And more resorts.
Even MK keeps going up.
SteamboatJoe
Well-Known Member
You have to wonder what some of these executives are thinking. Was anyone sitting at home saying, gee, I really wish they'd re-boot Cheaper by the Dozen or ruin a classic Christmas movie like Home Alone. I know recycling creative ideas is as old as Hollywood itself but at least in the past they changed some things up so it wasn't so obvious (see Seven Samurai and The Magnificent Seven).
SteamboatJoe
Well-Known Member
Domestic attendance was down but per guest spending was up. This is exactly what they want. Lower crowds to reduce headaches and operating costs while still raking in the revenue.
WDW Pro
Well-Known Member
And Tron is designed to create more capacity (along with future changes at MK that have yet to be announced and will not be announced at D23). When Pandora was opened at DAK, it did so for a purpose and that purpose was achieved. When Everest was opened, it was opened for a purpose and it achieved it. Toy Story Land, same thing. The ONLY multi-million dollar investment in the past decade to fail in its attendance goals has been Star Wars.
And by the way, for a laugh, enjoy my thread from a week ago where I leaked much of what you're finding out today... and enjoy the people mocking me about the stock just continuing to soar.
https://forums.wdwmagic.com/threads/star-wars-galaxys-edge-first-impact-on-stock.956906/