Disney’s Q3 FY24 Earnings Results Webcast

[DCBaker]

Video of Hugh Johnston interview on CNBC:

 

[HauntedPirate]

Well, yes, LL is only needed if you want to get on a top tier attraction.

I guess if all you want to do is get on two of the unpopular attractions and walk around and buy food and merch, you don't need LL.

This is so far from the truth it's not even funny. And when I'm the voice of reason, you're off the deep end.

 

[HauntedPirate]

Hugh sounds like a ton of fun at parties:

"Johnston emphasized the company's commitment to driving productivity and efficiency, stating, "In big companies, my worldview is there's always an opportunity to do more with less, so we're going to continue to go after it aggressively as we can to both deliver the bottom line and to invest back into business with all the great opportunities we have.""

It has to be difficult to feel valued as a CM with comments like that.

 

[JoeCamel]

Can someone who understands better explain to me how streaming is doing? On one hand this looks like a profit for the quarter:

View attachment 807145

But elsewhere this looks like a loss for Direct to Consumer:

View attachment 807146

Obviously there are some different things being included but can someone explain the difference?

Simple, ESPN still makes money and D+ does not

 

[Lilofan]

Hugh sounds like a ton of fun at parties:

"Johnston emphasized the company's commitment to driving productivity and efficiency, stating, "In big companies, my worldview is there's always an opportunity to do more with less, so we're going to continue to go after it aggressively as we can to both deliver the bottom line and to invest back into business with all the great opportunities we have.""

It has to be difficult to feel valued as a CM with comments like that.

You think it is only at Disney ? That's real world in the workforce. When the boss says to their exec team to make it happen, it is the boss way or the highway.

 

[doctornick]

Simple, ESPN still makes money and D+ does not

But this is specifically with direct to consumer (i.e. streaming) which doesn't include the revenue from ESPN the network (i.e. cable/satellite, etc). It is interesting that ESPN+ itself is that profitable as it is pretty much a worthless service IMHO.

 

[Disstevefan1]

This is so far from the truth it's not even funny. And when I'm saying that, you're off the deep end.

OK whatever you say.

LL is not needed and folks can ride any attraction they wish whenever they want to, free of charge.

 

[GhostHost1000]

Down and expecting it to continue for a few Q's

A bunch of Q’s with no shovels in the ground for expansion yet

 

[HauntedPirate]

OK whatever you say.

LL is not needed and folks can ride any attraction they wish whenever they want to, free of charge.

What attraction requires a LL purchase to ride? You should have the list at the ready since you made the statement.

 

[MisterPenguin]

Oh god. There's a whole thread arguing about Genie+ and LLs. Must it become a back-and-forth in every thread wherein one dissects their opponent's claims so as to claim a victory that never comes about because there's only more back-and-forth?

 

[Disstevefan1]

What attraction requires a LL purchase to ride? You should have the list at the ready since you made the statement.

I am saying you are right!

LL is not needed and folks can ride any attraction they wish whenever they want to, free of charge.

Boy, does that sound like gaslighting...

 

[HauntedPirate]

Oh god. There's a whole thread arguing about Genie+ and LLs. Must it become a back-and-forth in every thread?

Not even arguing about the service, just correcting a very-misleading statement about it.

 

[Slpy3270]

Only reason the stock isn't down more is because the parks slowdown was kinda priced in given the stock's gradual decline since the last report. At the very least it had a decent quarter, which can't be said for fellow Dow components Nike and Intel; who knows if the latter will even remain in the Dow next year?

 

[HauntedPirate]

When will Bob talk about all the new stuff that's opening soon and will really turbocharge revenue in the parks?

 

[TheMaxRebo]

When will Bob talk about all the new stuff that's opening soon and will really turbocharge revenue in the parks?

This weekend, according to this slide presented

 

[el_super]

When will Bob talk about all the new stuff that's opening soon and will really turbocharge revenue in the parks?

After Josh does.

 

[HauntedPirate]

This weekend, according to this slide presented

View attachment 807153

Let me help you out - How many expansion projects are currently happening in the US parks? Hint: Less than 1. TBA in DL isn't new capacity. Nothing else is happening at the moment, particularly in the swamps.

 

[Disstevefan1]

Must it become a back-and-forth in every thread wherein one dissects their opponent's claims so as to claim a victory that never comes about because there's only more back-and-forth?

Actually yes.

OK, ok I surrender!

The LL system is the BEST THING EVER and its my fault because I am using it wrong.

 

[EricsBiscuit]

Hugh sounds like a ton of fun at parties:

"Johnston emphasized the company's commitment to driving productivity and efficiency, stating, "In big companies, my worldview is there's always an opportunity to do more with less, so we're going to continue to go after it aggressively as we can to both deliver the bottom line and to invest back into business with all the great opportunities we have.""

It has to be difficult to feel valued as a CM with comments like that.

It’s absolutely true though. There’s always waste, especially in big companies.

 

[bmr1591]

I know Avatar experience has been mentioned multiple times in a blue sky way for Disneyland, but am I incorrect in saying this is the first time they've blatantly put it on a slide like this saying it's for sure happening?