Disney’s Q1 FY21 Earnings Results Webcast - February 11, 2021

[MisterPenguin]

It’s just vested stock options. He’ll have to dump all of his vested options before he officially leaves the company.

So maybe this is going to be an announcement of an official separation date from the board.

 

[Surferboy567]

On the announcement side of things, I am expecting some kind of mention of Ratatouille over at Epcot. Maybe even an opening date or timeframe.

 

[DCBaker]

Docs are live -

https://thewaltdisneycompany.com/app/uploads/2021/02/q1-fy21-earnings.pdf

 

[Slpy3270]

Everything down from last year and they still beat expectations.

 

[DCBaker]

 

[Slpy3270]

Current liabilities down slightly.

Gotta keep that falling.

 

[DCBaker]

Disney+

 

[DCBaker]

Link to listen to the call is live -

https://edge.media-server.com/mmc/p/snvice4i

 

[Slpy3270]

Disney+

View attachment 531335

ESPN+ subscriptions doubling even through a pandemic in a year and a US only base is just mind blowing. Those are numbers DAZN can only dream of.

 

[Slpy3270]

Linear networks revenue up despite viewership decline.

No, streaming will not be all TV.

 

[MisterPenguin]

We're listening to the Soul soundtrack.

 

[Disney Analyst]

Disney+

View attachment 531335

So they have around 146 million subscribers right now across all platforms?

 

[Slpy3270]

Disney+ ARPU down due to Disney+ Hotstar launch. That explains the price increase.

 

[Darkprime]

Current liabilities down slightly.

Gotta keep that falling.

Do you think that's got anything to do with the company restructure and focus on streaming?

 

[Slpy3270]

Do you think that's got anything to do with the company restructure and focus on streaming?

Don't think so since investing in streaming costs a lot. My guess is it's to keep their credit ratings from being further devalued or to prevent forced asset sales a la WarnerMedia/AT&T. And you need cash to pay those debts up.

 

[MisterPenguin]

For this quarter, instead of profiting about $2.1B this quarter, they only profited $17M

Meanwhile, Disney Corp is still sitting on $17B in cash (in varying degrees of liquidity).

 

[MisterPenguin]

Bob "smooth segue" Chapek is talking.

 

[Slpy3270]

Over 100,000 vaccine doses distributed in the Disneyland vaccine site.

 

[MisterPenguin]

"DTC-first policy"

 

[MisterPenguin]

"The Undefeated", which was a separate web/blog site for topics of sports and diversity will be subsumed into Hulu. (And maybe Star?)