Disney’s Q3 FY24 Earnings Results Webcast

[GhostHost1000]

Mmmmhmmm…

Now…shall we scan the wide expanse of Disney fandom that expects to be getting $60,000,000,000 in new toys to enjoy…simply because they think this braintrust (used very loosely) loves them?

Take a look at that from the Birds Eye view…they can’t even get people there now. Pour money on it?

I thought for sure the increased attendance Tiana's ride would bring in would justify a 5th gate

 

[GhostHost1000]

Exactly. Just look at the math. Less people spent 2% more yet despite insanely higher prices across the board, profit still declined 3%.

Adding more value isn't even on the bean counters list of remedies.

careful throwing out all these facts around here....you may offend someone

 

[Laketravis]

careful throwing out all these facts around here....you may offend someone

This is the dominant sort of feedback one will see simply sampling various social media platforms. THIS is what is truly important, as it is the growing, negative perception that one day WDW will have to confront head on:

 

[Laketravis]

The market is currently up but DIS is down 2% - not a favorable reaction to this morning's glorious news.

 

[Disstevefan1]

The market is currently up but DIS is down 2% - not a favorable reaction to this morning's glorious news.

The market is not buying what TWDC is selling...

 

[Sirwalterraleigh]

I thought for sure the increased attendance Tiana's ride would bring in would justify a 5th gate

…for the win

 

[Sirwalterraleigh]

The market is currently up but DIS is down 2% - not a favorable reaction to this morning's glorious news.

Because their segment that is a dangerous 70% of their whole take is soft with no answers

 

[Sirwalterraleigh]

careful throwing out all these facts around here....you may offend someone

https://upload.wikimedia.org/wikipedia/commons/f/f8/BobIgerHWOFJune2013.jpg

 

[Sir_Cliff]

Maybe I'm crazy, but the result for the parks division seems surprisingly solid to me considering all the signs that business has been soft. This is particularly true when compared to Universal, where theme park and resort revenues declined almost 11% last quarter whereas for Disney they actually rose 2%, even if operating profit declined 3%.

This is not to justify all the price gouging, etc., but considering all the articles we've been reading about troubles at the Disney theme parks, their parks and resorts division seems to be holding up better than that of their main competitors. If the decline is all Bob and Josh being idiots, what explains Universal's issues?

 

[Trauma]

Maybe I'm crazy, but the result for the parks division seems surprisingly solid to me considering all the signs that business has been soft. This is particularly true when compared to Universal, where theme park and resort revenues declined almost 11% last quarter whereas for Disney they actually rose 2%, even if operating profit declined 3%.

This is not to justify all the price gouging, etc., but considering all the articles we've been reading about troubles at the Disney theme parks, their parks and resorts division seems to be holding up better than that of their main competitors. If the decline is all Bob and Josh being idiots, what explains Universal's issues?

How many people are skipping Universal waiting for the new park?

I know I am.

Remind me what’s Disney is building in the swamps again ?

 

[Lilofan]

Maybe I'm crazy, but the result for the parks division seems surprisingly solid to me considering all the signs that business has been soft. This is particularly true when compared to Universal, where theme park and resort revenues declined almost 11% last quarter whereas for Disney they actually rose 2%, even if operating profit declined 3%.

This is not to justify all the price gouging, etc., but considering all the articles we've been reading about troubles at the Disney theme parks, their parks and resorts division seems to be holding up better than that of their main competitors. If the decline is all Bob and Josh being idiots, what explains Universal's issues?

Facts at times obscure some mindsets.

 

[Andrew25]

Maybe I'm crazy, but the result for the parks division seems surprisingly solid to me considering all the signs that business has been soft. This is particularly true when compared to Universal, where theme park and resort revenues declined almost 11% last quarter whereas for Disney they actually rose 2%, even if operating profit declined 3%.

This is not to justify all the price gouging, etc., but considering all the articles we've been reading about troubles at the Disney theme parks, their parks and resorts division seems to be holding up better than that of their main competitors. If the decline is all Bob and Josh being idiots, what explains Universal's issues?

Even with Universal's rabid expansion plans... they haven't done much to convince folks to visit this year and their recent additions are not "attendance drivers" like VelociCoaster or Hagrid. Minions Land, outside the Cafe, is just a poor addition.

This year's entertainment lineup is stellar... but Universal didn't market it far in advance to convince folks to visit and plan a trip. I think Q3 will be a better indicator of their business. Disney, at the very least, had Tiana & Tron to encourage folks this year.

Universal has also significantly increased hotel pricing over these last few years now, so I'd imagine that is throwing some people off as well.

 

[Rhinocerous]

How many people are skipping Universal waiting for the new park?

I know I am.

Remind me what’s Disney is building in the swamps again ?

It could very well be linked. (Not all of it, certainly, but some.) Most people don't go to WDW every year or multiple times per year. How many of those families deciding to wait for Epic Universe are planning on doing it as part of a big Disney trip? Probably quite a few.

 

[Sirwalterraleigh]

Maybe I'm crazy, but the result for the parks division seems surprisingly solid to me considering all the signs that business has been soft. This is particularly true when compared to Universal, where theme park and resort revenues declined almost 11% last quarter whereas for Disney they actually rose 2%, even if operating profit declined 3%.

This is not to justify all the price gouging, etc., but considering all the articles we've been reading about troubles at the Disney theme parks, their parks and resorts division seems to be holding up better than that of their main competitors. If the decline is all Bob and Josh being idiots, what explains Universal's issues?

The results are BECAUSE of the price gouging…that’s the problem

100%

 

[Laketravis]

The market is not buying what TWDC is selling...

DIS currently down over 3% despite all the "good news" and the market being up.

This is certainly a reaction to the bad news about Parks. Perhaps DIS will now pay attention.

 

[Sirwalterraleigh]

Most people don't go to WDW every year or multiple times per year.

A lot more than people believe/realize for 30 years…

…we are talking about the one in Orlando, right?

 

[TheMaxRebo]

Maybe I'm crazy, but the result for the parks division seems surprisingly solid to me considering all the signs that business has been soft. This is particularly true when compared to Universal, where theme park and resort revenues declined almost 11% last quarter whereas for Disney they actually rose 2%, even if operating profit declined 3%.

This is not to justify all the price gouging, etc., but considering all the articles we've been reading about troubles at the Disney theme parks, their parks and resorts division seems to be holding up better than that of their main competitors. If the decline is all Bob and Josh being idiots, what explains Universal's issues?

I was definitely expecting - or at least fearing - worse. From an earning standpoint if this is a "bad quarter" that isn't really too terrible. Obviously need to see the trend going forward and then what the response - if anything - will be to try to reverse it. But definitely don't see the sky falling or anything

 

[Sirwalterraleigh]

DIS currently down over 3% despite all the "good news" and the market being up.

This is certainly a reaction to the bad news about Parks. Perhaps DIS will now pay attention.

The fact it wasn’t good news by any measure might have something to do with that?

I’m gonna be honest for a change here: Disney fans need to grow up (the ones masquerading as adults) and stop believing the crap management is spinning at you.
They don’t have any answers.

 

[Sirwalterraleigh]

Obviously need to see the trend going forward and then what the response - if anything - will be to try to reverse it. But definitely don't see the sky falling or anything

…bout 6 quarters now.

 

[MisterPenguin]

Disney Says It Might Have to Pay Comcast up to $5 Billion More to Buy Out Hulu​

Both Comcast and Disney wins as Comcast gets more money and Disney desperately needs Hulu to help its streaming business.

AFAIK, Disney is already getting 100% of Hulu's revenue.

Comcast pulled out of supporting Hulu with NCB/Uni content two years ago (and they have the nerve to make the case on how great Hulu is, therefor, "pay us more").

And with paying Comcast the minimum buyout (~$8B), Disney is the sole owner.

The only thing left is whether that minimum buyout was enough, or Disney has to give Comcast more.