Disney’s Q3 FY23 Earnings Results Webcast

[TrainsOfDisney]

I haven’t even opened D+ in months.

Same. I tried to watch muppet mayhem but it wasn’t a hit for me.

I can watch the recent releases on the plane when I fly, so I’m not sure if I’ll keep it or not. There’s certainly Disney content I’ve never seen ( Cinderella II & III for example…) but lately I’ve been on a kick of watching Seinfeld or just random YouTube videos.

 

[Sirwalterraleigh]

Nothing to do with being a "True believer" - I have kids. They like Disney content. And there's enough on there and Hulu to satisfy our family if push came to shove.

Most organisms on the planet have kids

The danger is believing a majority of the planet is fascinated by Disney and making bad short term business decisions depending on that to bail you out.

You have to make good stuff. They are not

All approved by Iger. Chapek wasn’t around long enough to approve anything

And he was a junk store salesman clown…lest we forget

 

[GhostHost1000]

Most organisms on the planet have kids

The danger is believing a majority of the planet is fascinated by Disney and making bad short term business decisions depending on that to bail you out.

You have to make good stuff. They are not

All approved by Iger. Chapek wasn’t around long enough to approve anything

And he was a junk store salesman clown…lest we forget

Disney has great historic classic animated movies to keep the Disney name and interest alive in families for years to come….

Until they butcher the classics by remaking them live action and with their own (stupid) twists

 

[Sirwalterraleigh]

Disney has great historic classic animated movies to keep the Disney name and interest alive in families for years to come….

Until they butcher the classics by remaking them live action and with their own (stupid) twists

…what 5’2” Napoleon fool would be stupid enough to do that?

 

[ABQ]

Tried to keep up, but I think I missed it. Has Disney said how they plan to pay for Hulu? Will the purchase cost come from some arbitration hearing? I assume they'll dilute the shares and borrow the rest? What will the supposed dividend said to come this year be? One third of a penny?

 

[Sirwalterraleigh]

Tried to keep up, but I think I missed it. Has Disney said how they plan to pay for Hulu? Will the purchase cost come from some arbitration hearing? I assume they'll dilute the shares and borrow the rest? What will the supposed dividend said to come this year be? One third of a penny?

They said “we have plenty of money” (sic)

Investors love to hear about billions of sunk cost on things that have never made money

 

[MMFanCipher]

I've heard the Hulu price range is 9 Billion to 30 Billion. Most say it will go for 20 Billion. Don't know where that will come from, but I'm not a finance guy.

I did notice that Shanghai, Hong Kong, Paris and Disneyland were mentioned but WDW wasn't.

 

[Sirwalterraleigh]

I did notice that Shanghai, Hong Kong, Paris and Disneyland were mentioned but WDW wasn't.

That is “no news is good news”

There have been “scattered” reports of how down resort and park crowds have been…you just have to search “hard” to find them

 

[ABQ]

I've heard the Hulu price range is 9 Billion to 30 Billion. Most say it will go for 20 Billion. Don't know where that will come from, but I'm not a finance guy.

I did notice that Shanghai, Hong Kong, Paris and Disneyland were mentioned but WDW wasn't.

That is “no news is good news”

There have been “scattered” reports of how down resort and park crowds have been…you just have to search “hard” to find them

Well there is this bit from the Q3 report posted yesterday in this thread:

Lower operating income at our domestic parks and resorts was attributable to a decrease at Walt Disney World Resort, while results at Disneyland Resort were up modestly compared to the prior-year quarter. The decrease at Walt Disney World Resort was primarily due to higher costs and lower volumes. The increase in costs was attributable to inflation and accelerated depreciation related to the planned closure of Star Wars: Galactic Starcruiser. Lower volumes were due to decreases in occupied room nights and attendance.
​

That last bit being the the part I feel matters most.

 

[Sirwalterraleigh]

Well there is this bit from the Q3 report posted yesterday in this thread:

Lower operating income at our domestic parks and resorts was attributable to a decrease at Walt Disney World Resort, while results at Disneyland Resort were up modestly compared to the prior-year quarter. The decrease at Walt Disney World Resort was primarily due to higher costs and lower volumes. The increase in costs was attributable to inflation and accelerated depreciation related to the planned closure of Star Wars: Galactic Starcruiser. Lower volumes were due to decreases in occupied room nights and attendance.
​

That last bit being the the part I feel matters most.

Find the last time that’s happened in a non-recession/world disaster?

Gonna take awhile to find it

 

[Kamikaze]

…and the rest not based on OT is in the clearance bin…

Bury the lead

lede*

 

[ABQ]

Find the last time that’s happened in a non-recession/world disaster?

Gonna take awhile to find it

Well I'm sure the spin will be "the pent up excitement in the post covid travel days of 2022" wore off." Though there will never be any actual data available to either prove or disprove that. We'd need to see 2019 vs 2021 vs 2023 data.

 

[Sirwalterraleigh]

lede*

Damn…I hate that

 

[Ayla]

…what 5’2” Napoleon fool would be stupid enough to do that?

(Sidebar historical note of the day ~ Napoleon was actually 5'6".)

Carry on.

 

[Kamikaze]

Disney has great historic classic animated movies to keep the Disney name and interest alive in families for years to come….

Until they butcher the classics by remaking them live action and with their own (stupid) twists

You mean the ones that they took from other people and added their own twists originally?

 

[Slpy3270]

This stock price bump is the literal definition of dead cat bounce.

 

[Tha Realest]

(Sidebar historical note of the day ~ Napoleon was actually 5'6".)

Carry on.

Back in 18th century Europe that had to be like 6’1 today

 

[montyz81]

It’s interesting that there were not any mention of park expansions for WDW in his report. When will the children’s fight over Florida end?

 

[ABQ]

It’s interesting that there were not any mention of park expansions for WDW in his report. When will the children’s fight over Florida end?

The lack of questions about that or Staggs and Mayer was peculiar.

 

[MMFanCipher]

(Sidebar historical note of the day ~ Napoleon was actually 5'6".)

Carry on.

And if I remember correctly that was very near average height at that time.