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Disney’s Q2 FY23 Earnings Results Webcast
- Thread starter DCBaker
- Start date
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
Got any predictions for what Disney will announce at this webcast, stupid or not?
Generally, new things at the parks or new media content are not announced at quarterly meetings.
Tomorrow!
BrianLo
Well-Known Member
A couple good tailwinds. Cruise lines have over-reported last quarter. Shanghai Disneyland was also operational. Both should help ongoing P&R growth.
Then on the D+ front this quarter finally starts to realize the subscription price increase from 2022 in the US markets. Cost cutting won't exactly play out until Q3/Q4.
I think Bob is aligning things to have a stellar Q4 (the quarter that Chapek basically imploded on) to show how he 'turned things around' in a year. I assume that quarter streaming will probably tip profitable as well.
Then on the D+ front this quarter finally starts to realize the subscription price increase from 2022 in the US markets. Cost cutting won't exactly play out until Q3/Q4.
I think Bob is aligning things to have a stellar Q4 (the quarter that Chapek basically imploded on) to show how he 'turned things around' in a year. I assume that quarter streaming will probably tip profitable as well.
TP2000
Well-Known Member
Thoughts on how the writer's strike will impact Disney in the upcoming quarter?
I was listening to the Tim Conway Jr. show via streaming out of KFI in LA tonight, and he was talking about how ugly and entrenched this strike has already gotten in LA/Hollywood. The future is AI generated scripts, cleaned up a bit by a few human writers. But that way, you only have to employ 3 or 4 human writers to clean up the AI generated scripts instead of employing a dozen writers to, you know, write a script from scratch.
This AI thing will be impacting a great many white collar, cubicle farm or work-from-home jobs. I could see AI replacing a lot of humans currently working in HR, documentation, engineering services, marketing, payroll and scheduling and employee services, etc., etc.
But for human script writers in 2023 now on strike, this AI thing is apparently a very scary and imminent threat that is one reason for this current strike. How will that impact Disney's scripted product in the future?
I was listening to the Tim Conway Jr. show via streaming out of KFI in LA tonight, and he was talking about how ugly and entrenched this strike has already gotten in LA/Hollywood. The future is AI generated scripts, cleaned up a bit by a few human writers. But that way, you only have to employ 3 or 4 human writers to clean up the AI generated scripts instead of employing a dozen writers to, you know, write a script from scratch.
This AI thing will be impacting a great many white collar, cubicle farm or work-from-home jobs. I could see AI replacing a lot of humans currently working in HR, documentation, engineering services, marketing, payroll and scheduling and employee services, etc., etc.
But for human script writers in 2023 now on strike, this AI thing is apparently a very scary and imminent threat that is one reason for this current strike. How will that impact Disney's scripted product in the future?
Financial docs are live if you wish to read through them before the earnings call.
https://thewaltdisneycompany.com/app/uploads/2023/05/q2-fy23-earnings.pdf
Disney Parks, Experiences and Products
Disney Parks, Experiences and Products revenues for the quarter increased 17% to $7.8 billion and segment operating income increased 23% to $2.2 billion. Higher operating results for the quarter reflected increases at our international and domestic parks and experiences businesses, partially offset by lower results at our merchandise licensing business.
Higher operating results at our international parks and resorts were due to growth at Shanghai Disney Resort, Disneyland Paris and Hong Kong Disneyland Resort. The increase at Shanghai Disney Resort was due to higher volumes and guest spending growth. Higher volumes were attributable to increased attendance while guest spending growth was due to increases in average ticket prices and food, beverage and merchandise spending. The increase in operating results at Disneyland Paris was due to volume growth, which was attributable to higher attendance, and increased guest spending, partially offset by higher costs. Guest spending growth was due to increases in average ticket prices, average daily hotel room rates and food, beverage and merchandise spending. The increase in costs was primarily due to inflation and higher costs associated with new guest offerings. Higher results at Hong Kong Disneyland Resort reflected more operating days in the current quarter due to COVID-19-related closures in the prior- year quarter.
Operating income growth at our domestic parks and experiences was attributable to an increase at Disney Cruise Line, partially offset by the comparison to a real estate gain in the prior-year quarter. Higher results at Disney Cruise Line were due to an increase in passenger cruise days including the addition of the Disney Wish, which launched in the fourth quarter of the prior year, partially offset by higher costs associated with our ongoing fleet expansion. Results at our domestic parks and resorts were slightly unfavorable to the prior-year quarter, as a decrease at Walt Disney World Resort was largely offset by growth at Disneyland Resort. The decrease at Walt Disney World Resort was due to higher costs, partially offset by increased volumes. Higher costs reflected cost inflation, increased expenses associated with new guest offerings and higher depreciation. The increase in volumes was due to attendance growth and higher occupied room nights. Increased operating income at Disneyland Resort resulted from growth in attendance and guest spending, partially offset by higher costs. Higher guest spending was due to increases in average ticket prices and average daily hotel room rates. The increase in costs was primarily due to higher operations support costs and increased costs associated with new guest offerings.
The decrease in merchandise licensing operating income included lower revenue from merchandise based on Star Wars, Spider-Man, Frozen and Avengers.
https://thewaltdisneycompany.com/app/uploads/2023/05/q2-fy23-earnings.pdf
Disney Parks, Experiences and Products
Disney Parks, Experiences and Products revenues for the quarter increased 17% to $7.8 billion and segment operating income increased 23% to $2.2 billion. Higher operating results for the quarter reflected increases at our international and domestic parks and experiences businesses, partially offset by lower results at our merchandise licensing business.
Higher operating results at our international parks and resorts were due to growth at Shanghai Disney Resort, Disneyland Paris and Hong Kong Disneyland Resort. The increase at Shanghai Disney Resort was due to higher volumes and guest spending growth. Higher volumes were attributable to increased attendance while guest spending growth was due to increases in average ticket prices and food, beverage and merchandise spending. The increase in operating results at Disneyland Paris was due to volume growth, which was attributable to higher attendance, and increased guest spending, partially offset by higher costs. Guest spending growth was due to increases in average ticket prices, average daily hotel room rates and food, beverage and merchandise spending. The increase in costs was primarily due to inflation and higher costs associated with new guest offerings. Higher results at Hong Kong Disneyland Resort reflected more operating days in the current quarter due to COVID-19-related closures in the prior- year quarter.
Operating income growth at our domestic parks and experiences was attributable to an increase at Disney Cruise Line, partially offset by the comparison to a real estate gain in the prior-year quarter. Higher results at Disney Cruise Line were due to an increase in passenger cruise days including the addition of the Disney Wish, which launched in the fourth quarter of the prior year, partially offset by higher costs associated with our ongoing fleet expansion. Results at our domestic parks and resorts were slightly unfavorable to the prior-year quarter, as a decrease at Walt Disney World Resort was largely offset by growth at Disneyland Resort. The decrease at Walt Disney World Resort was due to higher costs, partially offset by increased volumes. Higher costs reflected cost inflation, increased expenses associated with new guest offerings and higher depreciation. The increase in volumes was due to attendance growth and higher occupied room nights. Increased operating income at Disneyland Resort resulted from growth in attendance and guest spending, partially offset by higher costs. Higher guest spending was due to increases in average ticket prices and average daily hotel room rates. The increase in costs was primarily due to higher operations support costs and increased costs associated with new guest offerings.
The decrease in merchandise licensing operating income included lower revenue from merchandise based on Star Wars, Spider-Man, Frozen and Avengers.
Here is the direct link to listen to the earnings call.
Dranth
Well-Known Member
This can't be right, I was told they would be going broke.
Disney Analyst
Well-Known Member
This is my JAM!!!
Just one drop is it all takes
Just one drop is it all takes
Sirwalterraleigh
Premium Member
Red alert!!
BATTLESTATIONS!!
BATTLESTATIONS!!
Smiley/OCD
Well-Known Member
Earnings are down slightly at WDW…THATS IT!!!
Parking fees are back!!!
Parking fees are back!!!
Quarterly Loss from Streaming:
Q2 Previous year: -$0.887B
The previous Q: -$1.053B
Q2 This year: -$0.659B
This will make Wall Street very happy.
Q2 Previous year: -$0.887B
The previous Q: -$1.053B
Q2 This year: -$0.659B
This will make Wall Street very happy.
Slpy3270
Well-Known Member
If subscriber numbers and ARPU aren't improving, they may not care.
Wall Street wants to have their cake and eat it, too.
networkpro
Well-Known Member
- In the Parks
- Yes
Interesting that they are using the Jodie Benson version of the Little Mermaid "Part of your world" instead of the latest version (that has way too much melisma) in the interstitial music for the call.
I Love You Guys -from GotG Vol 3 soundtrack
TheMaxRebo
Well-Known Member
unless something else, seems the drop in subscriber count is weighing more than the reduction in losses as the stock is down $2.60 in after hours trading