Disney’s Q3 FY22 Earnings Results Webcast

[CaptainAmerica]

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

ARPU in India sucks anyways.

 

[MisterPenguin]

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

Sub goals are the same, as much as 285 subs by end of fiscal 2024, they are just separating Hotstar, which may be volatile.

 

[MisterPenguin]

Q: Hotels.

A: Christine: all good.

 

[DCBaker]

Christine on International visitors -

One of the things that we've seen is during the pandemic, international visitation to our domestic park, primarily Walt Disney World was non-existent. It has proceeded to come back, very nicely, but still below the traditional range that we've given you, which is around 17, 18% up to the low 20s. But it's made significant progress and we expect the international visitation, when it is fully back, to actually be additive to margins because those guests tend to stay longer at the parks, and they spend more money when they're there as well.

 

[CaptainAmerica]

International visitation to WDW still stinks, and yet they're still hitting 2019 attendance numbers in aggregate. I'm going to infer that domestic visitation to WDW actually exceeds 2019 levels.

 

[MisterPenguin]

Q: what's the expectation for D+ads?

A: Bob -- We had experience with Hulu. So, we're starting out conservatively.

 

[GhostHost1000]

International visitation to WDW still stinks, and yet they're still hitting 2019 attendance numbers in aggregate. I'm going to infer that domestic visitation to WDW actually exceeds 2019 levels.

That’s what I was thinking. Maybe we need a 6th park

 

[Sirwalterraleigh]

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

Why in the hell would they want to do that?

They don’t want to pay for new rides for you…they’re selling the old ones just fine

 

[CaptainAmerica]

That’s what I was thinking. Maybe we need a 6th park

Synergy machine goes brrrrrrr.

 

[CaptainAmerica]

Hulu with ads is 2/3 of the Hulu sub base. Gross.

 

[MisterPenguin]

Christine: with Hulu, 2/3rd are on ad-supported. And so, they expect the D+ads to be popular.

 

[CaptainAmerica]

Question about NBA renewal... time for a bathroom break.

 

[mikejs78]

Why in the hell would they want to do that?

They don’t want to pay for new rides for you…they’re selling the old ones just fine

Because they can then charge $15-$20 per new ride for people to skip the lines.

 

[Sirwalterraleigh]

Q: what's the expectation for D+ads?

A: Bob -- We had experience with Hulu. So, we're starting out conservatively.

 

[CaptainAmerica]

Q: Sports betting.

A: Bob -- Uh uh uh uh... uh... uh.

 

[Sirwalterraleigh]

Because they can then charge $15-$20 per new ride for people to skip the lines.

Oh…you silly boy. Why spend another billion when we can just give it to them little by little with $0 investment.

You just failed “Wall Street 101”

 

[MisterPenguin]

Q: What about NBA renewal? And what about sports betting? And how's cruise demand?

A: Bob -- NBA... we'd like to renew, but only if not too expensive. We're not going to overspend for any rights.

Bob -- Betting... we're working on it. The under 30 crowd demand it. Announcement coming...

Christine -- Cruises... we now have 5 ships. Cruising was most disrupted by the pandemic. Historically, it was a cash cow. We expect it to come back to that.

 

[Sirwalterraleigh]

Q: Sports betting.

A: Bob -- Uh uh uh uh... uh... uh.

They’re not gonna be able to dodge that missile for long. All the major sports they pay for are taking bets now

 

[VJ]

"we added a fifth ship to our four-ship fleet... so it's now five ships..."

not sure why that made me laugh

 

[CaptainAmerica]

A: Christine -- DCL rules.

Yes, Christine. Yes, it does.