News Disney’s Q3 FY26 Earnings Results Webcast

[MisterPenguin]

Cry harder.

Again, I have no hope of getting thru to you, it's to alert those reading along to contextualize your posts.

 

[MisterPenguin]

Josh just reiterated that domestic park attendance grew.

 

[MisterPenguin]

Josh: Promotions to the park aren't a sign of weakness. It's targeted to certain demographic groups and to fill capacity. It does help, tho, to make up for international guest softness.

 

[monothingie]

Again, I have no hope of getting thru to you, it's to alert those reading along to contextualize your posts.

And there are always nuances and sleight of hand methods for legally reporting and massaging the numbers to get a better result. Don't be naive enough to think that there was the potential for any of that to be done here.

Instead you just deliver the attack and then gaslight anyone that doesn't line up.

 

[DCBaker]

Hugh reiterates progress is still happening and Disney is fully committed on Disney Abu Dhabi.

 

[MisterPenguin]

Streaming net income was more than double compared to last year.

Sub fees was up 15% from last year. And 9% of that increase was growth in the number of subscribers.

 

[larryz]

Hugh reiterates progress is still happening and Disney is fully committed on Disney Abu Dhabi.

Is anyone tracking the impact of the current unpleasantness in the Gulf region on international tourism in the UAE?

 

[MisterPenguin]

And there are always nuances and sleight of hand methods for legally reporting and massaging the numbers to get a better result. Don't be naive enough to think that there was the potential for any of that to be done here.

Instead you just deliver the attack and then gaslight anyone that doesn't line up.

You're still doing it.

 

[monothingie]

You're still doing it.

So that never happens? Yes or No?

 

[MisterPenguin]

Josh: Hulu is integrating with D+, and by the end of the year, Hulu+Live should be incorporated, too.

 

[Touchdown]

I think this shows their discount plan is working. You need standby waits to be long enough for the LL people to not feel bad about their purchases. A hotel rented for 75% of the rack rate makes more money than an unrented room. Disney has both been very generous (nearly all room types and all hotels available) and extremely calculated with these discounts. Look for a room in Oct-Dec, nearly all discounted rates have sold out, but rack rate rooms are available. Disney has met their target occupancy. If those discounts convince a family to come that wasn’t coming before, that’s the ultimate get but even if they get a family to come on site Disney still makes more money on them and puts pressure on the off site places to discount their own rooms which could in term convince a new family to come. Josh so far is course correcting from the cliff Bob Iger was taking the company with completely relying on per capita spending increases to make profits. This is ultimately a good thing for the company long term.

 

[MisterPenguin]

Ugh, another armchair CEO pushing for licensing of content versus having their own streaming service for Disney content.

 

[monothingie]

• Global guests (a metric combining park attendance and cruise passenger days) grew 4%

This was the first full quarter with two new ships, the Disney Destiny and Disney Adventure, in service. Together, they added roughly 50% more stateroom capacity compared to the same quarter last year. Disney said occupancy and forward bookings on the new ships remain strong.

 

[lentesta]

View attachment 933977

Page 40 of the 10Q says domestic theme park attendance grew 3%. It's reiterated in the Parks breakdown on page 41:

 

[monothingie]

Page 40 of the 10Q says domestic theme park attendance grew 3%. It's reiterated in the Parks breakdown on page 41:

View attachment 933978

The post was for context on what "Global" meant (includes DCL)

 

[Sirwalterraleigh]

My first thought here is that Disney's guest profile is wealthier than Universal's and is less affected by things like fuel prices for vacations.

For example, we know that on guest surveys, the income ranges Universal gives are more granular at the lower and middle of income distributions, while Disney focuses on the higher end.

Assuming both survey teams set those response options knowing something about their guests, that's a clue. (And that's not a totally safe assumption, I know).

I’ll summarize for you:

It’s vacation club…

Which is why they have beaten it into oblivion. For now it still appears to be working…

Under the hood I would guess they’re still struggling to attract new customers. But their clientele hasn’t been hit as hard…

 

[Ayla]

Hugh reiterates progress is still happening and Disney is fully committed on Disney Abu Dhabi.

That's too bad.

 

[lentesta]

I’ll summarize for you:

It’s vacation club…

Which is why they have beaten it into oblivion. For now it still appears to be working…

Under the hood I would guess they’re still struggling to attract new customers. But their clientele hasn’t been hit as hard…

Totally agree. One of the big differences betwen Universal and Disney is Disney's built-in annual market via DVC.

 

[lentesta]

The post was for context on what "Global" meant (includes DCL)

My bad.

 

[Sirwalterraleigh]

I think this shows their discount plan is working. You need standby waits to be long enough for the LL people to not feel bad about their purchases. A hotel rented for 75% of the rack rate makes more money than an unrented room. Disney has both been very generous (nearly all room types and all hotels available) and extremely calculated with these discounts. Look for a room in Oct-Dec, nearly all discounted rates have sold out, but rack rate rooms are available. Disney has met their target occupancy. If those discounts convince a family to come that wasn’t coming before, that’s the ultimate get but even if they get a family to come on site Disney still makes more money on them and puts pressure on the off site places to discount their own rooms which could in term convince a new family to come. Josh so far is course correcting from the cliff Bob Iger was taking the company with completely relying on per capita spending increases to make profits. This is ultimately a good thing for the company long term.

You know…you might be on to something there. Foot traffic still looks pathetically small…but if they’ve managed to concentrate people into the upsell chokepoints…then it’s working

This is a study in “customer grooming” since fastpass+…I’ll have to give Iger/rasulo/chapek credit…but I’m still shocked any of them were close to smart enough to plan it