Disney’s Q2 (Jan/Feb/Mar) FY 2020 Earnings Results Webcast on Tuesday, May 5, 4:30ET

[MisterPenguin]

Live audio will appear here:

Disney’s Q2 FY20 Earnings Results Webcast - The Walt Disney Company

Listen here: https://thewaltdisneycompany.com/app/uploads/2020/04/q2-fy20-earnings.mp3 DOWNLOADS: Earnings Report Financial Reconciliations Audio Transcript Forward-Looking Statements: Management believes certain statements in this call may constitute “forward-looking statements” within the...

thewaltdisneycompany.com

 

[brb1006]

https://thewaltdisneycompany.com/app/uploads/2020/05/q2-fy20-earnings.pdf

https://thewaltdisneycompany.com/app/uploads/2020/05/reconciliation_q2_fy20.pdf

 

[brb1006]

Here's where you can lesson to the Earning Call

 

[wdwmagic]

Walt Disney Company Second Quarter Earnings show the impact of COVID-19 on the DPEP segment to be $1 billion

Walt Disney Company Second Quarter Earnings show the impact of COVID-19 on the DPEP segment to be $1 billion

Parks, Experiences and Products segment showed a 58% drop in operating income this quarter compared to the same period last year.

www.wdwmagic.com

 

[Doberge]

I'm getting ready for my big moment!

do re mi fa so la ti do

Nice touch instructing your people play "When I'm Older" as hold music for the meeting. I was imagining you singing.

"This will all make sense when I am older
Someday I will see that this makes sense
One day, when I'm old and wise
I'll think back and realize
That these were all completely normal events
I'll have all the answers when I'm older
Like why we're in this dark enchanted wood"

 

[brb1006]

Hey they just played Power Line!

 

[jmp85]

Hey they just played Power Line!

Haha, I thought the same thing. Goofy Movie respect.

 

[cmarten]

Hey they just played Power Line!

If only the quality was a bit better. The cover wasnt bad at all.

 

[brb1006]

Now they're playing "Magic Happens"

 

[Disney Analyst]

This is gonna be good. The release is out also.

 

[MisterPenguin]

Magic Happens!

 

[brb1006]

Magic Happens!

Merlin and King Arthur have the best dance moves!

 

[WEDway Inc & Company LLC]

They are gonna need some magic to happen.

 

[Disney Analyst]

Ooh same voice guy, he's still working! Good for him.

 

[brb1006]

I wonder what song they're playing now?

 

[MisterPenguin]

Ooh same voice guy, he's still working! Good for him.

He's voicing from home.

 

[MisterPenguin]

I wonder what song they're playing now?

Magic Returns from Onward.

Dance Fight from same now.

 

[Sirwalterraleigh]

Actually a bigger hit than what I had expected...since the US disruption was 10 days...

I didn’t get impression business was booming this year prior - however.

 

[Slpy3270]

Somehow Disney still turned a profit despite:

* Losing $1.4 billion in potential profit (key word being "potential profit;" they didn't actually *lose* money this quarter)
* Seeing a bump in debt obligations (not quite as big as I feared though)
* Parks being cratered

Interestingly, there's no use of the "going concern" language that other coronavirus-devastated companies are using in their earning report. Why?

 

[brb1006]

And we're live!