Disney’s Q3 FY22 Earnings Results Webcast

[CaptainAmerica]

Oops. I just read that as last year.

What year is it now?

 

[CaptainAmerica]

Have they sold ESPN and ABC yet so they can focus more on theme parks or no?

Dammit, Ghost.

What part of "synergy machine" don't you understand? No selling. Buy all the things.

 

[sullyinMT]

Occupancy at the resorts is 90%.

I think I remember Jay Rasulo saying one time that consistent 85%+ is when they'd start looking to build.

Confirmed: Reflections construction will resume soon

 

[MisterPenguin]

 

[GhostHost1000]

Dammit, Ghost.

What part of "synergy machine" don't you understand? No selling. Buy all the things.

Maybe they will buy Comcast next.

Then we can own Orlando and build monorails EVERYWHERE

The Epcot dream coming true

 

[DCBaker]

Christine on Disney+ - "We currently expect Disney+ core net editions in the fourth quarter to accelerate modestly, particularly in the domestic market."

 

[MisterPenguin]

Hulu?

 

[CaptainAmerica]

Maybe they will buy Comcast next.

Then we can own Orlando and build monorails EVERYWHERE

The Epcot dream coming true

Animal Kingdom to be rethemed to the Forbidden Forest confirmed.

I want a high-speed train powered by arc reactor between Disney Springs and CityWalk.

 

[GhostHost1000]

Animal Kingdom to be rethemed to the Forbidden Forest confirmed.

I want a high-speed train powered by arc reactor between Disney Springs and CityWalk.

They can use the portal sitting in the water at Epcot

 

[CaptainAmerica]

Drumroll on 2024 sub guidance......

 

[DCBaker]

Christine on 2024 Disney+ targets -

"Excluding the impact of any significant future macro headwinds, our core Disney+ subscriber target range is 135 million to 165 million by the end of fiscal 2024. Largely consistent with previously-provided guidance that non-hot star, Disney+ subscribers in 2024 would proximate 60 to 70% of the expected 230 to 260 million total subscriber base. We are, however, updating subscriber guidance for Disney+ Hot Star to up to 80 million subscribers by the end of fiscal 2024."

"As we sit here today, we remain confident that Disney + will achieve profitability in fiscal 2024."

 

[CaptainAmerica]

Holy crap they're moving off of their sub guidance because of cricket.

 

[CaptainAmerica]

Christine on 2024 Disney+ targets -

"Excluding the impact of any significant future macro headwinds, our core Disney+ subscriber target range is 135 million to 165 million by the end of fiscal 2024. Largely consistent with previously-provided guidance that non-hot star, Disney+ subscribers in 2024 would proximate 60 to 70% of the expected 230 to 260 million total subscriber base. We are, however, updating subscriber guidance for Disney+ Hot Star to up to 80 million subscribers by the end of fiscal 2024."

"As we sit here today, we remain confident that Disney + will achieve profitability in fiscal 2024."

In other words, they're revising their guidance from 230-260 to 215-245.

 

[MisterPenguin]

Q: Doug, Credit Suisse -- what's with park trends re: demand

A: Christine: Props to Josh and team. They ramped up. Positioned for growth. Levers of demand:
-we limited APs, and they come with blackout date, which we can lift as needed
-we have not seen demand abate, in fact it's growing

 

[EricsBiscuit]

Anyway, 'go woke, go broke' is clearly true based on these earnings, amirite?

Tell that to Lightyear LOL

 

[Slpy3270]

Stock barely moved over lowering of sub guidance. Guessing everyone priced that in.

 

[mikejs78]

Tell that to Lightyear LOL

Lightyear was a mediocre movie....

 

[MisterPenguin]

Q: What was the analytics that brought about the tier pricing? Will you make more pricing changes?

A: Bob -- We started out very cheap. We invested in content, which allows us to raise price and can go farther. We're sure our churn is stable.

 

[Joel]

"Excluding the impact of any significant future macro headwinds

Thankfully we don't have to worry about that at all.

 

[el_super]

Q: Doug, Credit Suisse -- what's with park trends re: demand

A: Christine: Props to Josh and team. They ramped up. Positioned for growth. Levers of demand:
-we limited APs, and they come with blackout date, which we can lift as needed
-we have not seen demand abate, in fact it's growing

RIP "Magic Keys"