Disney’s Q1 FY24 Earnings Results Webcast

[CaptainAmerica]

There is no indication that that likely anytime soon, if not at all.

Disney+ will be profitable in Q4 of this year and every quarter thereafter.

 

[JD80]

What part of "Netflix has a ten year head start" do you not understand? You can't compare 2024 Disney to 2024 Netflix, you have to compare 2024 Disney to 2014(ish) Netflix.

Even then you can't compare D+ alone, you have to throw in ESPN+ and Hulu into the mix. Soon we should be able to easily do that!

 

[Laketravis]

Parks and DCL are killing it. WDW not so much, but every other park in the world is. There really isn't much else to say about the parks. There is investment coming down the road. No they aren't going to discuss it on this call.

Parks is not "killing it". DCL is currently the shining star in that sector and they were eager to discuss details about that, blowing away your argument that they only address losers.

 

[Trauma]

What part of "Netflix has a ten year head start" do you not understand? You can't compare 2024 Disney to 2024 Netflix, you have to compare 2024 Disney to 2014(ish) Netflix.

So should I compare a Tesla to a Model T?

After all Ford has a 100 year head start.

 

[JD80]

Parks is not "killing it". DCL is currently the shining star in that sector and they were eager to discuss details about that, blowing away your argument that they only address losers.

I'll clarify, International Parks are with a 35% increase in revenue.

 

[Sirwalterraleigh]

Yes but airlines and automakers are terrible businesses.

Disney should be a money making machine.

All they need is a steady flow of good content and smart investment in all segments of the business.

These buybacks were necessary as Bobs signal to investors to say “Hey I got you.”

Again he is growing the brand by acquiring ( Marvel - Star Wars ) or leeching onto other successful mega brands ( Fortnite - Swift ).

My disdain from Iger stems from the fact that he wants to be the ruler of a media empire that happens to own a few theme parks.

The problem with D+ is streaming is a freaking warzone. It’s going to require 98% percent of Iger’s attention at any given time.

Can Disney be all things to all people?

I think it’s positioned to be but it’s all about the CONTENT.

I really wish they would just leave Iger in charge of growing the media side and bring someone in for Parks and Resorts/Cruise/Merch etc.

It’s a company with unlimited potential run by an egomaniac who thinks that only he has the answers.

Normally I would agree with everything you said

But 2023 is near indisputable proof that there is a “limit”

We seem to be at it.

Expect dcl…but that’s complete insanity

 

[CaptainAmerica]

So should I compare a Tesla to a Model T?

After all Ford has a 100 year head start.

What are you even talking about? We're discussing subscriber counts, not the engineering of the platform.

There are more than 16 million Ford F-Series pickups on the road. Tesla has sold 5 million cars ever.

So yeah my point holds up.

 

[Laketravis]

The fact is yesterday's call was an engineered presentation primarily intended to diffuse the upcoming faceoff with Peltz.

Nothing more.

And in that regard, they were successful. Shares up almost 13% today. In a sense, both sides are probably patting themselves on the back.

 

[Sirwalterraleigh]

What part of "Netflix has a ten year head start" do you not understand? You can't compare 2024 Disney to 2024 Netflix, you have to compare 2024 Disney to 2014(ish) Netflix.

What part of “Netflix has grown by plowing money into content…not cutting it to “reduce losses” “ do you not understand?

 

[el_super]

Questions from the BOA analyst about parks - specifically WDW, capacity, and a fifth gate - were premised on the perception they are struggling based on earlier comments that overseas parks were doing well but WDW is experiencing a drop in park and resort attendance which is currently being offset by higher pricing.

I don't understand what answer you are fishing for here. Are you suggesting that BOA was looking to see if Disney was committed to spending more money in Florida as a negative for the company or a positive? Is the idea that WDW is struggling an indication that it might be a bad future investment?

They're obviously not going to make a major announcement during an investor conference call, and Iger's answer that they are planning to invest everywhere was the correct one.

Parks is not "killing it". DCL is currently the shining star in that sector

DCL is part of the parks segment.

 

[el_super]

The fact is yesterday's call was an engineered presentation ...

Engineered how? By conducting business as they normally would? That's a weird thing to say.

 

[Laketravis]

I'll clarify, International Parks are with a 35% increase in revenue.

No argument. It's the underlying reason for many of the "increases" cited that are cause for concern. You can't keep chasing declining attendance and bookings with price increases.

 

[Sirwalterraleigh]

What are you even talking about? We're discussing subscriber counts, not the engineering of the platform.

There are more than 16 million Ford F-Series pickups on the road. Tesla has sold 5 million cars ever.

So yeah my point holds up.

He’s pointing out you’re just making up excuses instead of honestly considering the problems with the stream scheme

…now I think I understand why you got ripped off on that DVC.

 

[Trauma]

Do we have any idea what the financials with Swift are ?

I can’t find anything.

 

[Sirwalterraleigh]

Engineered how? By conducting business as they normally would? That's a weird thing to say.

Because it was spun like a top…

All their key business was down…propped up by cost cutting to “soften the landing”

But Again…you’d have to read it and understand. I don’t want to set the bar too high for ya

 

[Sirwalterraleigh]

Do we have any idea what the financials with Swift are ?

I can’t find anything.

She walks away with $13,000,000 cool cash from every show.

Hope that helps

 

[CaptainAmerica]

What part of “Netflix has grown by plowing money into content…not cutting it to “reduce losses” “ do you not understand?

The Netflix share price was rewarded for years for a strategy of "get scale at all cost." Then that strategy fell on its face and they pivoted to profitability, just like Disney. They're literally doing exactly what you said they're not doing, which is cutting tons of content spend.

 

[Laketravis]

DCL is part of the parks segment.

DCL is separate from Parks. Both fall under the silo of Experiences.

 

[Sirwalterraleigh]

No argument. It's the underlying reason for many of the "increases" cited that are cause for concern. You can't keep chasing declining attendance and bookings with price increases.

…didn’t you hear?

Port orleans and le cellier are “luxury” now?

 

[Laketravis]

Engineered how?

Asked and answered.