News Disney’s Q1 FY25 Earnings Results Webcast

HauntedPirate

HauntedPirate

Park nostalgist
Premium Member
I'm still trying to figure out how Helene affected Q1 (meaning, after October 1, 2024). Per Disney's own statements:

"reflecting a 6 percentage-point adverse impact to year-over-year growth due to Hurricanes Milton and Helene (~$120 million impact) " (Emphasis added is mine)

Helene made landfall near the panhandle on September 26, 2024. Did thousands and thousands of WDW reservations get cancelled that extended into October? Because I don't recall any real negative effect to attendance in the days after Helene passed by.
 
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disneylandtour

Active Member
Disstevefan1 said:
What’s going to happen in the mid-2030s ?
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2030 is just a blind guess based on how often transformative changes happen in the inThe method of delivery and which companies best manage that. There will probably be one non-Studio company with luck and insight domoninates the early trend (like Netflix years ago) and then studios will create similar modes of distribution.
 
Dranth

Dranth

Well-Known Member
HauntedPirate said:
I'm still trying to figure out how Helene affected Q1 (meaning, after October 1, 2024). Per Disney's own statements:

"reflecting a 6 percentage-point adverse impact to year-over-year growth due to Hurricanes Milton and Helene (~$120 million impact) " (Emphasis added is mine)

Helene made landfall near the panhandle on September 26, 2024. Did thousands and thousands of WDW reservations get cancelled that extended into October? Because I don't recall any real negative effect to attendance in the days after Helene passed by.
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There was a non-zero number of trips that were likely canceled due to Helene that would have been coming in for stays that carried over into the start of October. It had some affect, but how much is the real question. Of the two, Milton had to have a far greater impact.
 
Agent H

Agent H

Well-Known Member
disneylandtour said:
2030 is just a blind guess based on how often transformative changes happen in the inThe method of delivery and which companies best manage that. There will probably be one non-Studio company with luck and insight domoninates the early trend (like Netflix years ago) and then studios will create similar modes of distribution.
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What could possibly be better than steaming?
 
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disneylandtour

Active Member
flynnibus said:
You said...

"Netflix lacks diversification. Streaming is having a moment. What happens when/if the world moves onto something else."

Suggesting that this 'moment' thing is a liability to Netflix too..

I mean, I don't think I need to remind anyone that netflix didn't start as a streaming company... and that Netflix isn't only a streaming company any longer.. and is valued for it's brand, product, customer draw and base.

How video is actually delivered changes constantly - It's why you can realistically watch Netflix on your phone now compared to even just a few years ago.

The technology evolution isn't going to blindside or undercut Netflix. More likely in 5yrs from now you'll be talking about Netflix like you do Warner Bros instead of just as a 'streaming company'
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Disney has robust resorts, consumer products, cruise ships, theatrical, etc. And yes, Netflix is/has been moving in this direction. But its primary source of revenue is streaming...by a lot. That's what I mean a lack of diversification.
 
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disneylandtour

Active Member
Dranth said:
This sounds like a misunderstanding on how quarterly reports work.

The report was comparing this last quarter to the same quarter last year and that is it. Anything listed on the report is trying to explain the difference between those two things. Disney lost a cruise ship sailing and a full day of parks at WDW in Q1 2025 (10/24-12/24) due to a hurricane vs. Q1 of 2024 (10/23-12/23) where none of that happened. Hence why it is mentioned.

Without it people are making comparisons with incomplete information.
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I know, they're discussion year over year. But I also think it's convenient that 2023 didn't have a hurricane that closed the parks, when there were many recent years where that happened. I mean, Disney is pointing to the hurricane as an anomaly, when it wasn't. Or--Disney is using this as a though it were an outlier when it's simply a standard part of doing business now in Florida. In recent years, hurricane closures happened more often than not.
 
Dranth

Dranth

Well-Known Member
disneylandtour said:
I know, they're discussion year over year. But I also think it's convenient that 2023 didn't have a hurricane that closed the parks, when there were many recent years where that happened. I mean, Disney is pointing to the hurricane as an anomaly, when it wasn't. Or--Disney is using this as a though it were an outlier when it's simply a standard part of doing business now in Florida. In recent years, hurricane closures happened more often than not.
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Disney is not saying hurricanes in Florida are an anomaly. They are saying they had to shut down their business this last quarter whereas they did not in the same time frame the previous year. So, unless Disney also shutdown between 10/1/23 and 12/31/23 (the only time frame we are comparing to) then it is an outlier and pointing it out is both the correct and responsible thing to do.

Also, while hurricanes might be becoming more frequent, not all of them impact WDW. For example, Idalia hit Florida in 2023 but Disney did not have to stop operations because of it.

Finally, reporting these impacts is not anything new. Disney has been calling these out anytime they have had to close since the start.
 
flynnibus

flynnibus

Premium Member
disneylandtour said:
Disney has robust resorts, consumer products, cruise ships, theatrical, etc. And yes, Netflix is/has been moving in this direction. But its primary source of revenue is streaming...by a lot. That's what I mean a lack of diversification.
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Netflix's source of revenue is selling access to video content and their developed IP... DELIVERED by streaming. Video content isn't dying or going away. That's the point that matters. Streaming is a moment in time, Selling entertainment is not. You're missing the forrest for the trees.

The market was hot on netflix because of their ability to draw eyeballs, large numbers of paying customers, brand identity, and was getting traction on creating compelling original content.

Netflix isn't selling streaming tech - they are selling access to entertainment. A delivery model that will adapt as technology evolves. Companies like Netflix are far more at risk fromother content providers and platforms than trying to paint the issue as some momentary fad.
 
flynnibus

flynnibus

Premium Member
disneylandtour said:
I mean, Disney is pointing to the hurricane as an anomaly, when it wasn't.
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no they aren't.

They are highlighting material differences in the comparison. Just like when a major holiday like easter swaps around in the time periods being compared.

This is a quarterly report... that means there are only 13 weeks in the period. If you have even just ONE week significantly impacted by a weather... that is nearly 10% of the period that is going to be irregular vs expectations. It is materially significant to the comparison.
 
Disstevefan1

Disstevefan1

Well-Known Member
flynnibus said:
no they aren't.

They are highlighting material differences in the comparison. Just like when a major holiday like easter swaps around in the time periods being compared.

This is a quarterly report... that means there are only 13 weeks in the period. If you have even just ONE week significantly impacted by a weather... that is nearly 10% of the period that is going to be irregular vs expectations. It is materially significant to the comparison.
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True, consider a whole week WDW can’t sell LLMP, LLSP, LLPP!

That is a LOT of free money LOST.

Everything being done now must be thought in terms of how it effects LL sales!
 
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disneylandtour

Active Member
Disstevefan1 said:
True, consider a whole week WDW can’t sell LLMP, LLSP, LLPP!

That is a LOT of free money LOST.

Everything being done now must be thought in terms of how it effects LL sales!
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It wasn't closed for a whole week. It cancelled nighttime shows on Sept 26. It cancelled one Mickey's Very Scary. It closed a water park for one day. And the mini-golf. It cancelled some backstage tours. It shortened some hours on ONE DAY. But that's it. And sure, some people coming in that week cancelled vacations. There was some loss. But this in no way wiped out a week of revenue. It didn't even wipe out a whole day of revenue.
 
peter11435

peter11435

Well-Known Member
disneylandtour said:
It wasn't closed for a whole week. It cancelled nighttime shows on Sept 26. It cancelled one Mickey's Very Scary. It closed a water park for one day. And the mini-golf. It cancelled some backstage tours. It shortened some hours on ONE DAY. But that's it. And sure, some people coming in that week cancelled vacations. There was some loss. But this in no way wiped out a week of revenue. It didn't even wipe out a whole day of revenue.
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They didn’t say it was closed for a whole week.

It did cause closures. And I assure you the impact was more than a days worth of revenue.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
Dranth said:
There was a non-zero number of trips that were likely canceled due to Helene that would have been coming in for stays that carried over into the start of October. It had some affect, but how much is the real question. Of the two, Milton had to have a far greater impact.
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Which they would have made up almost immediately

Which country are you speaking of where people deny themselves vacations?
Dranth said:
Disney is not saying hurricanes in Florida are an anomaly. They are saying they had to shut down their business this last quarter whereas they did not in the same time frame the previous year. So, unless Disney also shutdown between 10/1/23 and 12/31/23 (the only time frame we are comparing to) then it is an outlier and pointing it out is both the correct and responsible thing to do.

Also, while hurricanes might be becoming more frequent, not all of them impact WDW. For example, Idalia hit Florida in 2023 but Disney did not have to stop operations because of it.

Finally, reporting these impacts is not anything new. Disney has been calling these out anytime they have had to close since the start.
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It’s a much more convenient excuse than it is an actual issue.

12 hour closures don’t cripple quarters

Bad management does
 
Dranth

Dranth

Well-Known Member
Sirwalterraleigh said:
Which they would have made up almost immediately

Which country are you speaking of where people deny themselves vacations?
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I have and our trips are normally 10 days so that is a week plus of lost revenue for them when it happens. We also had people in these very forums post that they were going to cancel so it does happen. I can't speak to others motivations, but for us, if we are spending absurd amounts of money on a vacation, we don't want to get there and find out the place is shut down for multiple days and have to sit in our hotel room.

Also, why presume that people just don't go on a different trip? The last time we canceled we just shunted that money into other vacations.

Sirwalterraleigh said:
It’s a much more convenient excuse than it is an actual issue.

12 hour closures don’t cripple quarters

Bad management does
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Even if no one canceled their trip, losing a day of operations in a single quarter is still a big deal. Each day is roughly 1.1% of your total operational time of the parks during the quarter so if we are talking comparisons, it is worth bringing up. None of that excuses anything else, it is just a factual difference between the two time periods being compared.

If we had a great management team and they were up 100% for the quarter they would STILL call out the hurricane because it STILL would have had a statistically significant impact on quarterly operations.

I just find it funny that people are pointing to something that has happened every other time Disney has had to shut the parks down. It is a completely normal thing to do so there is no need to try and twist it into anything else.
 

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