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Disney’s Q1 FY22 Earnings Results Webcast
- Thread starter DCBaker
- Start date
danv3
Well-Known Member
Maybe Diego Luna?
Christine - "Per capita spending at our domestic parks was up more than 40% versus fiscal first quarter 2019, driven by a more favorable guest and ticket mix, higher food, beverage and merchandise spending, and contributions from Genie plus and lightning"
This isn't a penny ante family or office pools. This is huge bets made on a regular basis.
It's cigarette smoking for the mind.
CaptainAmerica
Premium Member
Candy Crush addictivity, but $1,000 at a time.
el_super
Well-Known Member
This was always part of the plan... even pre-pandemic. All those interviews with Iger and Chapek back in 2019, saying the parks were too busy, the 10 hour waits were failures, they still had ways to grow the business... this was it. They planned to dramatically raise the prices in 2019, despite knowing it would tank attendance because the plan was always to grow attendance back up gradually over time.
Somehow the pandemic gave them the pass to skip the "over time" part.
danv3
Well-Known Member
LOL. How about the last 6 months? Last year?
jpchambana
Member
So Per capita spending (is that the same at per guest?) is up 40% from Q1 2019. That's impressive, I have to admit. However, I have to ask how long they can really maintain that level of growth. Can they wring another 40% out of each guest by Q1 2025? (That would mean per guest spending would have almost doubled in 6 years).
Mac Tonight
Well-Known Member
Jrb1979
Well-Known Member
I still don't see the big deal. I support Disney getting into it. It's a money maker.
Again who cares. Most people I know are happy about it. Super Bowl betting is up 78% over last year due to legalized sports books across the country.
CaptainAmerica
Premium Member
People will be less happy about it when the drug and alcohol abuse kicks in and the divorces go through the roof.
jmp85
Well-Known Member
Yes, debt is included in total liabilities if that's what you're asking. The long-term debt you're referring to is going to be down there in 'Borrowings' which didn't really change much YoY. If you want to see how much debt they paid back, go to the statement of cash flows and look in the Financing Activities and take 'Borrowings' and combine it with 'Reduction of Borrowings.' The $1.2B FCF does not include any long-term debt repayment. It will include YoY change in accounts payable, but that's not the same thing as paying back debt (just a timing change in paying normal operating expenses).
Jrb1979
Well-Known Member
Maybe a few that will happen to but I don't see it being a big factor. Most people I know including me don't wager their whole paycheck on a bet.
Q: Ben, Morgan Stanley -- D+ in North America, how is it doing so well not attached to Star? Tell me your plans to meet your goals as if you haven't already told everyone!!!
A: Bob: We can still grow, not capped anywhere. And we're adding in more general entertainment [which is opposed to 'family entertainment']. Bob reminds everyone that half of D+ subs have no children. And we're doing a lot of local international market content. We want global hits hopefully [pretty sure he's referring to Squid Games. -ed.]
Q:Ben... will that international content come to N.A.?
A: in a year or two
A: Bob: We can still grow, not capped anywhere. And we're adding in more general entertainment [which is opposed to 'family entertainment']. Bob reminds everyone that half of D+ subs have no children. And we're doing a lot of local international market content. We want global hits hopefully [pretty sure he's referring to Squid Games. -ed.]
Q:Ben... will that international content come to N.A.?
A: in a year or two
Q: Micheal: How is streaming sports doing internationally other than India (CRICKET!!!)
A: Bob: Varies by market. Going well in Latin America because of sports (SOCCER!!!)
A: Bob: Varies by market. Going well in Latin America because of sports (SOCCER!!!)
Q: Barkley's > How can you do well in India with Hotstar if you don't get Cricket on Hotstar?
To Christine: What's the break even guidance tell us the details that you keep saying you're not going to reveal?
A: Bob> While Cricket is important, it's still just a component. We add 18K hours of content every year. [Also, Hotstar has a huge Bollywood library.]
A: Christine: We're not changing guidance. As we always say.
To Christine: What's the break even guidance tell us the details that you keep saying you're not going to reveal?
A: Bob> While Cricket is important, it's still just a component. We add 18K hours of content every year. [Also, Hotstar has a huge Bollywood library.]
A: Christine: We're not changing guidance. As we always say.
Q: On Theme Parks: How can you squeeze margins [that is, guests] for more profit. It seems you're improving capacity, what's that all about?
A: Christine> We have changed operational ways to help with margins (GENIE!) We're still waiting for international guests. We're creative in content and relieving people of their money.
A: Christine> We have changed operational ways to help with margins (GENIE!) We're still waiting for international guests. We're creative in content and relieving people of their money.
Q: Goldman Sachs: How's your pricing strategy for keep hiking cost of D+?
A: Once we reach regular deluge of new content (which COVID has prevented), then we can raise prices.
A: Once we reach regular deluge of new content (which COVID has prevented), then we can raise prices.