News Disney’s Fiscal Full Year and Q4 2023 Earnings Results Webcast

[MisterPenguin]

Q: What type of ESPN partners are you looking for.

What is the consumer demand for parks, esp, WDW.


Bob: we could do it alone, but, we could do it with other entities for synergy.

CFO: Parks... WDW is down a bit from last year's 50th. Other parks and DCL are strong.

 

[hopemax]

Totally not answering the question.

 

[brettf22]

A “gradual increase” is literally the exact opposite of “turbocharged.”

 

[wdwmagic]

Well that last question on WDW... Iger passed it to Lansberry, and he side stepped it lol

 

[Squishy]

On those park investments over the next 10 years - "we expect those investments to ramp up towards the back half of that 10-year period with more gradual increases in the first few years."

Wonder if Iger will still be around, or any of the current executives to keep that promise...

 

[Doberge]

Not a senior moment

More "I don't want to talk about it, thats giving me a headacheand i forgot the first question."

And they punted direct question about Orlando. "How bout DL! And DCL!"

 

[hopemax]

A “gradual increase” is literally the exact opposite of “turbocharged.”

Obviously, the capital spending is a "gradual increase," the customer spending is what they intend to "turbocharge" to generate DPEP growth.

 

[mightynine]

On those park investments over the next 10 years - "we expect those investments to ramp up towards the back half of that 10-year period with more gradual increases in the first few years."

"Expect some amazing cupcakes come 2031-32"

 

[lentesta]

Well that last question on WDW... Iger passed it to Lansberry, and he side stepped it lol

That was such an obvious dodge.

 

[Sir_Cliff]

Obviously, the capital spending is a "gradual increase," the customer spending is what they intend to "turbocharge" to generate DPEP growth.

Honestly, I think that is the message investors want to hear. That's why I am always perplexed at parks fans cheering on the whims of institutional investors; they are really not our friends!

 

[Disney Analyst]

That was such an obvious dodge.

Why do you think he dodged it? It didn't seem a hard question to tackle?

 

[GhostHost1000]

"Expect some amazing cupcakes come 2031-32"

Don’t forget a popcorn bucket here and there. Booming profit potential!

 

[Drdcm]

What was the question? I can’t listen in

 

[Doberge]

Q: "How do you feel about your Orlando position?"

A: (paraphrased answer) "Who's this Orlando? Has he been on a Dinsey cruise? Those are great. Let's talk about that. So much growth potential there."

 

[TheMaxRebo]

Could they be so desperate as to cut those lavish overseas destinations for "The Bachelor" and "The Bachelorette"???

That's why the shift to the Golden Bachelor - they are excited just to get to the early bird at the Sizzler

 

[MisterPenguin]

Why do you think he dodged it? It didn't seem a hard question to tackle?

It was just the PR position mentioned many times.

• WDW was down this year.
• Down from what?
• Last year.
• Why?
• Last year was the unprecedented demand year.
• But they didn't say 'unprecedented demand."
• Correct, they're assigning that to the 50th Celebration, which we all know was weak. Very weak.

I'm sure the interim CFO is not going to wax eloquently on all the new things coming to WDW to turn around attendance.

 

[GhostHost1000]

So how about Orlando?


Orlando? Never heard of it. Next question

 

[hopemax]

Things at WDW have to be completely awful, now and the foreseeable future. SeaWorld and Universal are both like, "We have a little softness for predictable reasons, but no long term worries." Disney... "WDW...never heard of it, lets talk DCL, Disneyland and Asia." If it was the same 3-5% you just say, "like our competitors we had a slight decline."

Now, the scary thing is that if attendance is down as much as Touring Plans estimates, and people are still generally feeling like the experience is expensive, crowded & poor, how does a company even begin to fix it?

 

[Doberge]

Why do you think he dodged it? It didn't seem a hard question to tackle?

Because the answer is the opposite. That question is as easy to tackle as a greased up pig."

 

[DCBaker]

From the earnings presentation.

https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23_Earnings_Presentation.pdf