If my memory is correct, usually get a ticket price increase around this time of year. I have speculated before this call that the increase will come but only affect certain tickets, ie a Saturday MK 1 day ticket or one dated in peak seasons. Interested to see how they shake out.
-
Welcome to the WDWMAGIC.COM Forums!
Please take a look around, and feel free to sign up and join the community.
Disney’s Q1 FY24 Earnings Results Webcast
- Thread starter DCBaker
- Start date
In Q1 segment operating income increased by 27%, and adjusted earnings per share rose 23% compared to prior year.
We've improved our entertainment streaming operating income by a remarkable 86% year over year and remain poised to reach profitable in our -- fiscal 24 and build on our momentum to deliver significant sustained profit margins in the future.
Disney's experiences business generated all time records in revenue, operating income and operating margin and we are on track to meet or exceed $7.5 billion in cost savings as we continue to look for further efficiency opportunities across the company.
We've improved our entertainment streaming operating income by a remarkable 86% year over year and remain poised to reach profitable in our -- fiscal 24 and build on our momentum to deliver significant sustained profit margins in the future.
Disney's experiences business generated all time records in revenue, operating income and operating margin and we are on track to meet or exceed $7.5 billion in cost savings as we continue to look for further efficiency opportunities across the company.
Sirwalterraleigh
Premium Member
Of course he has to go…
But what just happened is a full on attempt to buy him 2 months to survive.
And since people live in fantasyland when they’re NOT in Orlando or Anaheim…my current read is it will work.
Everyone does understand this means no spending, right? Especially in parks.
But it will totally be fine to jack prices again…fear not
This has been traditionally a price hike month...
Sirwalterraleigh
Premium Member
Yep…February is tradition
SplashJacket
Well-Known Member
Did Iger just say ESPN integrated sports betting will be especially lucrative for their younger audience?!?!?!??! 
Sirwalterraleigh
Premium Member
You just described my favorite nine inch nails album
More Bob...
Diving deeper into our announcements, let's first talk about ESPN which continues to deliver meaningfully for the company and will be a key value driver in the future. ESPN's domestic sports business continues to grow and even amid a challenging linear landscape, ESPN increased its overall audience in calendar year 2023 and continues to break records in ratings. Ultimately our mission is to make ESPN into the pre-EMT digital sports brand, reaching as many sports fans as possible and giving them even more ways to access the programming they love in whatever way best suits their needs.
One way will be through the new streaming sports service coming this fall that we announced yesterday in conjunction with Fox and Warner Brothers discovery. This service will bring together our collective portfolios of sports channels and direct to consumer services on a non-exclusive basis, providing consumers with more of the sports they want in a single place.
It's important for us to serve the needs of consumers looking for a seamless way to access an aggregated collection of sports-centric content, including capturing fans moving away from the full cable and satellite bundle. And it's an attractive business proposition for ESPN allowing us to command per unit economics in line with established market rates for our sports content, just like we do with any streaming or linear service where we offer our programming.
Another exciting option available to sports fans will come in the fall of 2025, when we make the full suite of ESPN's channels available as a stand alone and highly interactive digital destination. Not only will consumers be able to stream their favorite live games and studio programming, they will also have access to engageing digital integrations like ESPN bet and fantasy sports, e-commerce features and a deep array of sports stats, all of which we know will be incredibly compelling to younger sports fans in particular. It will also have very robust personalization features.
ESPN has long prioritized its desire and ability to serve sports fans wherever they are and these steps will strengthen ESPN's ability to deliver on that promise. And as you know, we've also engaged in productive conversations with potential content and marketing partners for ESPN. We've made progress towards securing deals and we expect to have more to share with you in the near future.
We're excited to offer a more unified streaming experience which we expect will deliver strong benefits in terms of higher engagement, lower churn and greater advertising potential. When we launch our stand alone ESPN service we'll also make it available on Disney Plus for bundle subscribers just as we've done for Hulu.
Diving deeper into our announcements, let's first talk about ESPN which continues to deliver meaningfully for the company and will be a key value driver in the future. ESPN's domestic sports business continues to grow and even amid a challenging linear landscape, ESPN increased its overall audience in calendar year 2023 and continues to break records in ratings. Ultimately our mission is to make ESPN into the pre-EMT digital sports brand, reaching as many sports fans as possible and giving them even more ways to access the programming they love in whatever way best suits their needs.
One way will be through the new streaming sports service coming this fall that we announced yesterday in conjunction with Fox and Warner Brothers discovery. This service will bring together our collective portfolios of sports channels and direct to consumer services on a non-exclusive basis, providing consumers with more of the sports they want in a single place.
It's important for us to serve the needs of consumers looking for a seamless way to access an aggregated collection of sports-centric content, including capturing fans moving away from the full cable and satellite bundle. And it's an attractive business proposition for ESPN allowing us to command per unit economics in line with established market rates for our sports content, just like we do with any streaming or linear service where we offer our programming.
Another exciting option available to sports fans will come in the fall of 2025, when we make the full suite of ESPN's channels available as a stand alone and highly interactive digital destination. Not only will consumers be able to stream their favorite live games and studio programming, they will also have access to engageing digital integrations like ESPN bet and fantasy sports, e-commerce features and a deep array of sports stats, all of which we know will be incredibly compelling to younger sports fans in particular. It will also have very robust personalization features.
ESPN has long prioritized its desire and ability to serve sports fans wherever they are and these steps will strengthen ESPN's ability to deliver on that promise. And as you know, we've also engaged in productive conversations with potential content and marketing partners for ESPN. We've made progress towards securing deals and we expect to have more to share with you in the near future.
We're excited to offer a more unified streaming experience which we expect will deliver strong benefits in terms of higher engagement, lower churn and greater advertising potential. When we launch our stand alone ESPN service we'll also make it available on Disney Plus for bundle subscribers just as we've done for Hulu.
That may not be fully accurate. To fully qualify for the lucrative UK film tax credits, these expenses have to be realized immediately.
CaptainAmerica
Premium Member
Don't be dramatic, he means young adults obviously.Did Iger just say ESPN integrated sports betting will be especially lucrative for their younger audience?!?!?!??!
Laketravis
Well-Known Member
Due in large part to DCL and increased pricing.
Disney Analyst
Well-Known Member
She's literally improving local economies. If you don't think her fans won't sign up, even for a month, to watch a "Taylor's Version" of her tour, you're joking yourself.
Sirwalterraleigh
Premium Member
Roger goodell said two things in his impromptu presser yesterdayDid Iger just say ESPN integrated sports betting will be especially lucrative for their younger audience?!?!?!??!
The eagles will play someone - Steelers or packers likely - in Brazil to start the season
And oh yeah…25 nfl league office employees disciplined or fired for gambling violations. I hear they’re all under about age 27…
Lead buried
Brer Oswald
Well-Known Member
This.
New Disney Mode in Fortnite. That’s hardly a return to an industry they’ve neglected for 10+ years.
Moana series moved from D+ to Theatres. Seems like an admission of failure on the streaming service’s end.
Taylor Swift on D+. Wonder how much they paid for that?
SplashJacket
Well-Known Member
I mean... I know... but wild to hear live.
CaptainAmerica
Premium Member
You say that like those things don't count.
Brian
Well-Known Member
Last time there was something this big on D+ was Hamilton. Whether they can convert the people subscribing simply to watch Taylor into long-time subscribers is what matters. I'm certain the streaming rights to that title were not cheap.
Bob...
We've already seen an incredible response to the beta launch on huly for Disney Plus which has far exceeded every metric. This is all part of the ambitious streaming strategy we have been building from our acquisition of 21st century Fox that expanded our vast content library and strong pool of creative talent to the launch of Disney+ as the home to a century of content to the full extent of Hulu and expanding our streaming offerings. And now taking significant steps toward ESPN's streaming future.
Disney also has a great advertising story to tell with unparalleled scale and very strong advertising technology and our ad supported Disney Plus offering is off to a great start. We successfully expanded outside the U.S. with launches in EMEA and Canada and grew to -- that's a 10 fold increase from launch.
More than anything, the success of our streaming services is a testament to the amazing content we create, with six of the top 10 most streamed movies across all streaming platforms in the U.S. in 2023. Our best-in-class storytelling continues to entertain millions of people.
We received 27 golden globenom nations and won top prizes for FX's the bear and porch light's poor things. We took home 37 wins, more than any other entertainment company, and we lead the industry with 20 nominations heading into the Oscars which will arrow March 10 on ABC.
We're also proud of our recent Disney branded programming successes, PERSy Jackson -- has become a bonafide hit. Books from the series returned to the number one slot on The New York Times best seller list following the debut of the Disney Plus series. I'm thrilled to share we just picked up a second season.
And the hit children's animated series bluey which is exclusive to the Disney channel and Disney+ in the United States was recently the number one most streamed show across any streaming platform.
Looking ahead, we have an exciting slate of originals coming to Disney+ including Agatha from Marvel studios, skeleton crew from aflight, winnower lose from Pixar and much more.
Additionally, later this month, Hulu will launch FX's highly anticipated saga show gun in the U.S. and in March all seasons of gray's anatomy, our number one stream globally will join Hulu. When the show returns next month for its 20th season, Hulu will be the only place to see the current and all previous seasons of this truly iconic series.
And speaking of icons, over the past year we all witnessed the creative genius and sheer power of a true cultural phenomenon Taylor Swift. When her Blockbuster concert film debuts on Disney+ on March 15 it will feature the concert in its entirety, including the song Cardigan and four additional acoustic songs which were not in the theoretical or digital purchase release of the film. We know audience are going to absolutely love the chance to relive the electrifying Taylor Swift era as tour, Taylor's version whenever they want on Disney+.
We've already seen an incredible response to the beta launch on huly for Disney Plus which has far exceeded every metric. This is all part of the ambitious streaming strategy we have been building from our acquisition of 21st century Fox that expanded our vast content library and strong pool of creative talent to the launch of Disney+ as the home to a century of content to the full extent of Hulu and expanding our streaming offerings. And now taking significant steps toward ESPN's streaming future.
Disney also has a great advertising story to tell with unparalleled scale and very strong advertising technology and our ad supported Disney Plus offering is off to a great start. We successfully expanded outside the U.S. with launches in EMEA and Canada and grew to -- that's a 10 fold increase from launch.
More than anything, the success of our streaming services is a testament to the amazing content we create, with six of the top 10 most streamed movies across all streaming platforms in the U.S. in 2023. Our best-in-class storytelling continues to entertain millions of people.
We received 27 golden globenom nations and won top prizes for FX's the bear and porch light's poor things. We took home 37 wins, more than any other entertainment company, and we lead the industry with 20 nominations heading into the Oscars which will arrow March 10 on ABC.
We're also proud of our recent Disney branded programming successes, PERSy Jackson -- has become a bonafide hit. Books from the series returned to the number one slot on The New York Times best seller list following the debut of the Disney Plus series. I'm thrilled to share we just picked up a second season.
And the hit children's animated series bluey which is exclusive to the Disney channel and Disney+ in the United States was recently the number one most streamed show across any streaming platform.
Looking ahead, we have an exciting slate of originals coming to Disney+ including Agatha from Marvel studios, skeleton crew from aflight, winnower lose from Pixar and much more.
Additionally, later this month, Hulu will launch FX's highly anticipated saga show gun in the U.S. and in March all seasons of gray's anatomy, our number one stream globally will join Hulu. When the show returns next month for its 20th season, Hulu will be the only place to see the current and all previous seasons of this truly iconic series.
And speaking of icons, over the past year we all witnessed the creative genius and sheer power of a true cultural phenomenon Taylor Swift. When her Blockbuster concert film debuts on Disney+ on March 15 it will feature the concert in its entirety, including the song Cardigan and four additional acoustic songs which were not in the theoretical or digital purchase release of the film. We know audience are going to absolutely love the chance to relive the electrifying Taylor Swift era as tour, Taylor's version whenever they want on Disney+.
NotCalledBob
Well-Known Member
Bob likes Swift's song 'cardigan'
Obviously.
Obviously.