Disney’s Q1 FY22 Earnings Results Webcast

[DCBaker]

"The Walt Disney Company will discuss fiscal first quarter 2022 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, February 9, 2022."

Disney’s Q1 FY22 Earnings Results Webcast - The Walt Disney Company

Listen here: https://thewaltdisneycompany.com/app/uploads/2022/02/q1-fy22-earnings.mp3 DOWNLOADS: Earnings Report Financial Reconciliations Supplemental Information for Direct-to-Consumer Audio Transcript Forward-Looking Statements: Certain statements in this call may constitute...

thewaltdisneycompany.com

 

[brb1006]

Going to keep an eye on this.

 

[MisterPenguin]

One week warning...

 

[brb1006]

Three more days

 

[seascape]

One day to go. Cheapsteak Bob better have some good news and major announcements because the stockholders and the fans are getting upset. He has to be big and bold. Buy out Comcast from Hulu now. Expand the parks, not only at all the existing resorts but do something outside of the existing parks and resorts to reward DVC owners and annual passholders. Buy a movie theature chain or take the shocking step of buying Cedar Fair, Six Flags or Seaworld. Now is not the time to play it safe. Disney+ should report 7.5 million new customers for the quarter, 3 times the amount Netflix reported. Plus they should add another 2.5 million combined subsribers to ESPN+ and Hulu. Disney should take advantage of the oppotunities that are available today because they won't be available for long.

 

[Sirwalterraleigh]

Some interesting musings:

Redirect Notice

Outraged Disney shareholders want CEO Bob Chapek voted out: ‘Magic is gone’

The irate fans took to Reddit to organize against re-electing Bob Chapek, who grabbed the reins from longtime CEO Bob Iger two years ago.

www.google.com

Disney's Good News: Theme Parks Rebounded and Streaming Is Strong

Disney reported better-than-expected results for its latest quarter.

www.google.com

Disney Stock Has a Lot to Prove This Week | The Motley Fool

The media bellwether steps up for a critical financial update after Wednesday's market close.

www.fool.com

 

[Sirwalterraleigh]

One day to go. Cheapsteak Bob better have some good news and major announcements because the stockholders and the fans are getting upset. He has to be big and bold. Buy out Comcast from Hulu now. Expand the parks, not only at all the existing resorts but do something outside of the existing parks and resorts to reward DVC owners and annual passholders. Buy a movie theature chain or take the shocking step of buying Cedar Fair, Six Flags or Seaworld. Now is not the time to play it safe. Disney+ should report 7.5 million new customers for the quarter, 3 times the amount Netflix reported. Plus they should add another 2.5 million combined subsribers to ESPN+ and Hulu. Disney should take advantage of the oppotunities that are available today because they won't be available for long.

None of that is gonna happen

and no matter what is said…or not said…the computers will make money off it this week…or next

a lot of it.

 

[MisterPenguin]

Remember y'all. This is the Quarterly Report and not the stockholders' meeting which is next month.

There will be no votes today.

Bob and Christine will make their reports and Wall Street analysts will ask them:

1. When are dividends coming back?​

2. Disguised as a question, let us advise the biggest film studio how to really profit off of your movies by licensing them to Netflix as if you never thought about it or heard us suggest it to you over and over again.​

3. How are you going to squeeze more *yield'* from park-goers?​

4. Disguised as a question, let us advise the biggest entertainment corporation on the delicate balance of moving from linear channels to streaming, as if you never thought about it.​

5. Can you give us all the data so we can make more cleverly disguised questions... this is a version of Railroad Tycoon, right?​

6. Yeah, we know that a streaming service can't have extraordinary growth month after month every month -- none of the other streamers are able to do that, either -- but tell us: How do you plan to get extraordinary growth month after month every month?​

 

[Sirwalterraleigh]

Remember y'all. This is the Quarterly Report and not the stockholders' meeting which is next month.

There will be no votes today.

Bob and Christine will make their reports and Wall Street analysts will ask them:

1. When are dividends coming back?​

2. Disguised as a question, let us advise the biggest film studio how to really profit off of your movies by licensing them to Netflix as if you never thought about it or heard us suggest it to you over and over again.​

3. How are you going to squeeze more *yield'* from park-goers?​

4. Disguised as a question, let us advise the biggest entertainment corporation on the delicate balance of moving from linear channels to streaming, as if you never thought about it.​

5. Can you give us all the data so we can make more cleverly disguised questions... this is a version of Railroad Tycoon, right?​

6. Yeah, we know that a streaming service can't have extraordinary growth month after month every month -- none of the other streamers are able to do that, either -- but tell us: How do you plan to get extraordinary growth month after month every month?​

Right…to clarify:
The entire board is up for renewal next month…and there is little indication that any will not be reappointed.

but the street could change in a month. $25 bucks a share has a deep voice.

to recap what happened before:

1. 43% of votes were withheld for Eisners reappointment to the board. Led by Roy and institutional investors.
2. The decision demanded a “response” which was taking his chairmanship…not board seat.
3. It is 99.999999% likely that Roy let Eisner know he’d do it again in 2004…which put the writing on the wall and the resignation was put in.
4. The weasel was put in charge for hanging around longest (known now as the “Bob effect”)

 

[el_super]

Yeah, we know that a streaming service can't have extraordinary growth month after month every month -- none of the other streamers are able to do that, either -- but tell us: How do you plan to get extraordinary growth month after month every month?

Yeah... fully expect most of the questions to be centered on streaming, and very few if any on the parks.

There was certainly an expectation that the parks would take years to recover, and I'm sure someone will ask what additional signs of recovery there are, but any bad news will probably be waved away by mentioning omicron. Unless of course it's all good news in which case they won't mention omicron at all.

Netflix seems to have pivoted from bad subscriber growth numbers to just raising prices.... I'm sure Disney will do the same and make everyone happy.

 

[Sirwalterraleigh]

Yeah... fully expect most of the questions to be centered on streaming, and very few if any on the parks.

There was certainly an expectation that the parks would take years to recover, and I'm sure someone will ask what additional signs of recovery there are, but any bad news will probably be waved away by mentioning omicron. Unless of course it's all good news in which case they won't mention omicron at all.

Netflix seems to have pivoted from bad subscriber growth numbers to just raising prices.... I'm sure Disney will do the same and make everyone happy.

That’s exactly why I think they may talk about parks…to divert from streaming slows across the board than any fool would have expected.

unless the parks aren’t good…which will be a mum fest

 

[HauntedPirate]

I’m actually surprised D+ prices haven’t risen more thus far, I was expecting $10/month within 18-24 months.

 

[jmp85]

I sold all my DIS stock around $180. I'm really hoping for a FB type drop after earnings. I'd love to buy back in at the right price.

 

[Slpy3270]

BEAT!

EPS $1.06 vs 0.61
REV $21.82 B vs 18.63

 

[DCBaker]

Docs are live -

https://thewaltdisneycompany.com/app/uploads/2022/02/q1-fy22-earnings.pdf

 

[DCBaker]

Disney Parks, Experiences and Products

Disney Parks, Experiences and Products revenues for the quarter increased to $7.2 billion compared to $3.6 billion in the prior-year quarter. Segment operating results increased by $2.6 billion to income of $2.5 billion compared to a loss of $0.1 billion in the prior-year quarter. Operating income for the quarter reflected increases at our parks and experiences businesses, partially offset by a decrease at our consumer products business.

Operating income growth at our domestic parks and experiences was due to higher volumes and, to a lesser extent, increased guest spending, partially offset by higher costs. Higher volumes were due to increases in attendance, occupied room nights and cruise ship sailings. Cruise ships operated at reduced capacities in the current quarter while sailings were suspended in the prior-year quarter. Guest spending growth was due to an increase in average per capita ticket revenue, higher average daily hotel room rates and an increase in food, beverage and merchandise spending. The increase in average per capita ticket revenue was due to attendance mix and the introduction of Genie+ and Lightning Lane. Higher costs were due to an increase in operating costs, due to volume growth, and higher marketing spending. Our domestic parks and resorts were open for the entire current quarter, whereas Disneyland Resort was closed for all of the prior-year quarter, and Walt Disney World Resort operated at reduced capacity due to mandatory COVID-19 restrictions.

The increased operating income at our international parks and resorts was due to growth at Disneyland Paris and Hong Kong Disneyland Resort. Results at Disneyland Paris were due to increases in attendance and occupied room nights, partially offset by higher operating costs. Growth at Hong Kong Disneyland Resort was driven by higher attendance. Disneyland Paris was open for the entire current quarter while only open for 26 days in the prior-year quarter. Hong Kong Disneyland Resort was open for 68 days in the current quarter compared to 42 days in the prior-year quarter. Shanghai Disney Resort and Tokyo Disney Resort were open for the entire quarter in both the current and prior years. Certain of our international operations continue to be impacted by COVID-19-related capacity and travel restrictions.

Lower results at our consumer products business were due to the closure of a substantial number of Disney-branded retail stores in North America and Europe in the second half of fiscal year 2021.

 

[Slpy3270]

Streaming subs worldwide as of January 1:

D+ = 129.8 million
Hulu = 45.3 million (total)
ESPN+ = 21.3 million

 

[DCBaker]

Here's the direct link to listen to the earnings call -

https://edge.media-server.com/mmc/p/wo4pnakt

 

[Slpy3270]

Free cash flow is negative $1.190 billion.

Uhh....

 

[mightynine]

The webcast has started, if you'd like to listen to the Encanto soundtrack like you're tuned into a Radio Disney AM affiliate in 1998