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Disney’s Q2 FY24 Earnings Results Webcast
- Thread starter DCBaker
- Start date
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Numbers in the sheet seem really good, also saw a slight increase in capex for parks projects, which is a good sign, probably the first really good quarter for Disney in a while. Stock seems to be steady now.
ESPN has value as sports is the last thing that is anything of worth on cable TV, which is a wasteland at the moment. Breaking it up would be a horrible idea compared to flipping it, as it would probably get a big asking price on the open market. The rest of the cable channels not named FX or the Disney Channel should get sold at this point though, Freeform is nigh useless and disney pulled a Zaslav on Nat Geo. Hell FX should be prioritized over the disney channel at this point as FX is the main driver of originals for Hulu.
I think the reason disney is slowly turning Hulu into almost nothing is that it has almost no footprint outside of the states, as they've been using Star in its place for most countries (merging Hulu's tech stack into Disney+'s will also probably save a ton of money too). They're probably overpaying for the remaining bits they don't own, but it doesn't make sense to operate multiple streamers at the same time (Sony's doing fine with that strategy, but AMC's small army of niche streamers isn't doing that hot outside of Shudder).
ESPN has value as sports is the last thing that is anything of worth on cable TV, which is a wasteland at the moment. Breaking it up would be a horrible idea compared to flipping it, as it would probably get a big asking price on the open market. The rest of the cable channels not named FX or the Disney Channel should get sold at this point though, Freeform is nigh useless and disney pulled a Zaslav on Nat Geo. Hell FX should be prioritized over the disney channel at this point as FX is the main driver of originals for Hulu.
Indeed the important part:
The company reported its fiscal Q2 earnings early Tuesday morning, disclosing that its combined direct-to-consumer businesses of Disney+, Hulu and ESPN+ lost only $18 million last quarter, on revenues of $6.2 billion, and that when ESPN+ is removed from that equation, the entertainment streaming business was actually profitable, with revenues of $5.6 billion and a net profit of $47 million.
Three Hearts from Shogun
Core ARPU is where it's at. Everything else is just a distraction. Disney DTC missed on this quarter with ARPU because of Charter. Is it sustainable?
Seems like the broader realization maybe that upward movement on DTC, especially without any compelling content for the foreseeable future is going to weigh things down.
Canary in the coal mine. It's a major problem for them, especially with all the new stuff not even announced and years out from seeing a guest. They've pushed many guests away because of the their desire to extract maximum revenue from them. Will they ever come back? Will new guests replace them?
Ayla
Well-Known Member
ESPN+ lost $18 million. You can't really say (though they tried) if we remove *this* part of our business, we made money!
Disney Streaming Comes Close to Profitability in Latest Quarter, Disney+ Subscribers Surge
The Bob Iger-led company's combined streaming business only lost $18 million in the quarter, as Charter's new deal with the company caused subs to rise and average revenue per user to fall.www.hollywoodreporter.com
Disney+ was profitable!
Know Who You Are - Te Fiti Zone (Instrumental)
It is *part* of the calculus. You can make up for discounted subs if you gain substantially more.
A Carriage Ride in Potter's Bar - From Nell on D+/Hulu
CastAStone
5th gate? Just build a new resort Bob.
A New Generation of Tigers from DisneyNature's "Tigers"
Question:
Do the wholesale Charter subs actually use it? (affects ad revenue)
Do the wholesale Charter subs cancel a retail account (full price) in favor of the "free" offering to them?
It's becomes a game of diminishing returns.
Despite ARPU going down, revenue went up. So, that's the definition of 'working.'
We're back to "We Were the Lucky Ones."
lentesta
Premium Member
This is the worrying thing for me. If I'm reading this correctly, the domestic Experiences increases come down to "inflation" and "we charged more for what we already have." Is that right?