Disney’s Q3 FY23 Earnings Results Webcast

[Surferboy567]

I know this isn’t the place to expect something like this but considering we got something of note last time. Are we expecting any kind of non-financial news to come out of this?

 

[GhostHost1000]

I know this isn’t the place to expect something like this but considering we got something of note last time. Are we expecting any kind of non-financial news to come out of this?

Could be a few nuggets but as usual nothing concrete.

Keep in mind several real announcements never happen as well

 

[el_super]

I'm pretty sure most YouTube and Twitch videos don't cost hundreds of thousands per minute to produce.

Yeah... and that's a problem for Disney. They are competing in the same space with programs that cost hundreds of millions to produce.

It's hard to keep convincing people to pay more when cheaper (in some cases free) alternatives are available.

 

[Sirwalterraleigh]

I know this isn’t the place to expect something like this but considering we got something of note last time. Are we expecting any kind of non-financial news to come out of this?

It probably depends on the numbers? They use those “nuggets” when they think they’ll be most effective on the calendar for financial bump

 

[GhostHost1000]

So place your (ESPN) bets…

Does Iger bs enough to keep the stock from tanking, or will tomorrow be worse than the empty drop on splash mountain right now

 

[GhostHost1000]

Interesting timing for this headline to pop up today “New Report Suggests Apple Takeover of Disney is Possible”

Click bait I know but still funny timing

 

[celluloid]

I know this isn’t the place to expect something like this but considering we got something of note last time. Are we expecting any kind of non-financial news to come out of this?

Maybe Iger will brag about the hatbox ghost prep curtain choice being his?

 

[Basil of Baker Street]

Interesting timing for this headline to pop up today “New Report Suggests Apple Takeover of Disney is Possible”

Click bait I know but still funny timing

I was thinking perfect timing of the ESPN Bets announcement.

 

[monothingie]

• Disney+ total subscriptions: 151.1 million expected, according to StreetAccount

That's 6+M Lost subscribers.
WSJ has a (2M) Subscriber loss.

Q2 total subscriptions was 157+M

The subscriber number is the only number that matters.

 

[el_super]

The subscriber number is the only number that matters.

No it's not.

 

[MisterPenguin]

The subscriber number is the only number that matters.

Are you being satirical? That used to be the concern. But for Wall Street and every streamer, the number now is profit/loss and not the number of subs.

 

[Nubs70]

Mickey Mouse becoming a bookie. What the next step, Disney themed whorehouse?

 

[TheMaxRebo]

So place your (ESPN) bets…

Does Iger bs enough to keep the stock from tanking, or will tomorrow be worse than the empty drop on splash mountain right now

I don't think the stock will move too badly. It's already baked in the downward trend and lower expected earnings, so would only take if the results are way worse than even those expected lower amounts

And the ESPN BET gives them something positive to focus on

But should find out shortly

 

[TheMaxRebo]

Mickey Mouse becoming a bookie. What the next step, Disney themed whorehouse?

I mean they used to have a lingerie shop on Main St

 

[monothingie]

No it's not.

Are you being satirical? That used to be the concern. But for Wall Street and every streamer, the number now is profit/loss and not the number of subs.

Netflix lost over 1M subscribers over the course of Q4 2021-Q2 2022 and look how the stock melted down during that time period.

If investors only care about revenue per subscriber, which I'm sure will be all that is focused on during the call, the lousy stock price certainly doesn't reflect the that. I mean when comparing $DIS to the broader market performance YTD or 1Y, you can clearly see that Disney is dramatically underperforming.

If D+ surprised with robust subscriber growth, you can put it in the bank the stock would spike.

 

[doctornick]

• Disney+ total subscriptions: 151.1 million expected, according to StreetAccount

That's 6+M Lost subscribers.
WSJ has a (2M) Subscriber loss.

Q2 total subscriptions was 157+M

The subscriber number is the only number that matters.

I can't tell if you are just joking or serious, but it is actually not the "only thing" at all. If subscriber loss was again from India (where revenue per sub is extremely low) that's not a big deal. And in general it is the total revenue that matters not the number of subs - with the ad tier and increased monthly subscription cost, it is possible to make more revenue even with decreased number of subscriptions.

 

[MisterPenguin]

Netflix lost over 1M subscribers over the course of Q4 2021-Q2 2022 and look how the stock melted down during that time period.

If investors only care about revenue per subscriber, which I'm sure will be all that is focused on during the call, the lousy stock price certainly doesn't reflect the that. I mean when comparing $DIS to the broader market performance YTD or 1Y, you can clearly see that Disney is dramatically underperforming.

If D+ surprised with robust subscriber growth, you can put it in the bank the stock would spike.

Subs were going up when D+ was throwing larger losses last year under Chapek. Wall Street most certainly did not reward the growth in sub, but painfully punished Disney for the increasing D+ losses.

 

[doctornick]

If D+ surprised with robust subscriber growth, you can put it in the bank the stock would spike.

If they had subscriber growth simultaneous with increasing subscription rates and adding ads, of course Wall Street would be overjoyed. That doesn't mean that some subscriber loss is a problem.

(I don't doubt that Wall St will react negatively to the information though, but that's just Wall Street overreactive to everything).

 

[Tha Realest]

Subs were going up when D+ was throwing larger losses last year under Chapek. Wall Street most certainly did not reward the growth in sub, but painfully punished Disney for the increasing D+ losses.

That’s simply not true. At all.

 

[MisterPenguin]

That’s simply not true. At all.

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Funny, I didn't know that Feb 2021 was "last year."

But thank-you for confirming what I had said when I said that "previously" growth in subs was, at that time, the main figure everyone watched.