Didn't they announce a price that basically meant ESPN+ was "free", like a $13.99/month bundle for all three? IIRC, it smelled like a cheap way to boost ESPN+ subscriber numbers for the stock analysts.
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Disney’s Fiscal Full Year and Q4 2019 Earnings Webcast
- Thread starter brb1006
- Start date
Didn't they announce a price that basically meant ESPN+ was "free", like a $13.99/month bundle for all three? IIRC, it smelled like a cheap way to boost ESPN+ subscriber numbers for the stock analysts.
bartholomr4
Well-Known Member
As an FYI, Comcast refinanced about $4.8 Billion in debt yesterday. It issued new bonds, due in 2030, 2039 and 2050, and is using the proceeds to retire the long term debt due in 2021, 2022 and part of what is due in 2023. This will save on interest expense as the average reduction in rates is approximately 480 basis points (4.8% lower in annual interest charges).
From SEC.gov: "On November 5, 2019 Comcast Corporation (“Comcast”) consummated the issuance and sale of $1,600,000,000 aggregate principal amount of its 2.650% Notes due 2030, $1,350,000,000 aggregate principal amount of its 3.250% Notes due 2039 and $1,800,000,000 aggregate principal amount of its 3.450% Notes due 2050 (collectively, the “Notes”), pursuant to an underwriting agreement dated October 29, 2019"
spacemountaincarlo
Well-Known Member
Dang, I thought this was today! Disappointed.
waiting....
One hour to go...
Chef Mickey
Well-Known Member
Great report.
$1.07 vs $0.95 EXPECTED EPS
$19.1B vs $19.04B EXPECTED REV
Stock up 4.1% to $138.50.
$1.07 vs $0.95 EXPECTED EPS
$19.1B vs $19.04B EXPECTED REV
- 8% Parks growth.
- 52% Studios growth.
- Consumer products excellent.
Stock up 4.1% to $138.50.
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bartholomr4
Well-Known Member
Headline Results - Studio revenue up 62%, Profit up 79% (End-Game), Parks Revenue up 8%, Profit up 17%, Media Revenue up 22% with lower loss than expected... Interview up in a minute on CNBC
That is a VERY disappointing number for them. It should have been well into the double digits. (or at least that's what they wanted it to be)
help cut them?
Company admitted "recent events" in Hong Kong impacted HKDL. Company stock rising and Dow Jones and Nasdaq at record levels. Looks like POTUS will take the credit for the incredible run of the markets and making investors happy.
How about recent events (or lack there of) in Orlando and Anaheim affecting things....
peter11435
Well-Known Member
I’m sure they were hoping for higher. But remember GE at WDW was only open for one month of the reported quarter.
spacemountaincarlo
Well-Known Member
This High School Musical medley in the call is so banger
Chef Mickey
Well-Known Member
As an investor, I disagree. Calendar Q3 is slower because of summer ending and people seemed to be waiting for Galaxy’s Edge crowds to pass. Hurricane Dorian and issues in Hong Kong didn’t help either.
Look for solid numbers in the current quarter.
Chef Mickey
Well-Known Member
Guy in charge gets all the credit and blame. Tax cuts have certainly been a driver in the overall economy, which POTUS championed.
Hard to argue with the current state of economy. Great markets. Great employment. Low inflation. Strong dollar.
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The numbers aren’t bad on their own if there nothing changed from last year. But SWGE in DL and in Florida didn’t move the needle. Again they squeezed out an ok result through cuts and price increases, but from an internal standpoint it is a major disappointment.