Jacking up prices and guests still willing and are spending.
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Disney’s Q3 FY24 Earnings Results Webcast
- Thread starter DCBaker
- Start date
NotCalledBob
Well-Known Member
On a 6 hour drive across France today, so an earnings call will kill some time nicely.
Just driving past Cognac. Anyone want some?
Just driving past Cognac. Anyone want some?
ABQ
Well-Known Member
I'd like to know as well. Sadly, I give them money for ESPN+ purely for the NHL content, as pathetic as it is. However, I don't know a single normie who pays for any D+/Hulu/ESPN+ content, I know many getting it as part of a deal with their cell phone plan, but with these increases, many of those will likely not renew once the bill hits.
Basin Street Blues - Terence Blanchard
CaptainAmerica
Premium Member
Disney+ combined with Hulu is a better product than Netflix and I'll die on that hill.
Done Track Mind - Andrea Datzman from Inside Out 2
ABQ
Well-Known Member
"At our Experiences segment, we expect that the demand moderation we saw in our domestic businesses in Q3 could impact the next few quarters."Disney's Parks and Experiences Revenue Up in Q3 FY2024, But Operating Income Declines
Disney's Parks and Experiences Revenue Up in Q3 FY2024, But Operating Income Declines
Disney's Parks and Experiences Revenue Up in Q3 FY2024, But Operating Income Declineswww.wdwmagic.com
Lol, demand moderation. Hilariously silly phrase. So can we now all agree that Disney itself is admitting that attendance is down and it's not just anecdotal data?
CaptainAmerica
Premium Member
Literally the whole world knows that, and it has very little to do with Disney in particular.
COVID restrictions plus cash stimulus led to a sugar rush of spending on travel and experiences when everything fully reopened. Now people are broke again.
Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US
Airbnb Inc. shares plunged by the most in nearly two years after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.
www.bloomberg.com
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Meet Osha - Michael Abels - The Acolyte
Andrew25
Well-Known Member
They've been saying that for the past few quarters now.
This is, however, the first quarter where operating income decreases by 6%. In Q2'23, they actually saw a similar decrease at 13% as well. So while Disney won't be able to provide exact financial details, it's more than likely tied to lower attendance possibly choosing cheaper options (value vs moderate resort, quick service vs table service), but still visiting the resort.
TEA has yet to report their attendance numbers this year... so we shall see.
My general feeling around Bob and Josh:
CaptainAmerica
Premium Member
Hugh.
Q&A only, no announcements
CaptainAmerica
Premium Member
This is weird.
mightynine
Well-Known Member
I wonder how much the person who gets to run things through the Corporate Buzzword-a-nator to produce things like “demand moderation” gets paid.
doctornick
Well-Known Member
Personally, I'd say that we are finally getting to the point that pricing should stabilize. $11/mo with ads and $20/mo without ads is pretty appropriate for the content on D+/Hulu and it should be able to be profitable around that point going forward.
That doesn't mean that prices won't go up over time - they will - as we have normal inflation and cost of living increases. But streamers like D+ and Hulu were always way underpriced to start in an effort to draw in subscribers and were unsustainable at cheap prices like under $10/mo without ads. The concept there was always to start off low, get people familiar with the service, then increase to the expected level where it can actually operate in the black going forward.