Iger rumored to extend his term as CEO

[Laketravis]

There are also rumors of Disney acquiring Verizon...

And based on the just-released earnings report, he's going to need to make a big play or two. ESPN and Studio revenue is down 3% but Parks and Resorts revenue is up 6%. Guess what's going to be replaced and what's going to be milked even more?

 

[PB Watermelon]

God, let's hope not. The worst run social media site with essentially 99% garbage for content.

And still hasn't turned a profit, last time I heard.

 

[Chef Mickey]

And still hasn't turned a profit, last time I heard.

No, they haven't. It's a terribly run company and Disney seems to have all but abandoned that rumor (probably all it was).

 

[L.C. Clench]

And still hasn't turned a profit, last time I heard.

And yet they have a voice on the board for Disney.

 

[L.C. Clench]

Any thread about Iger is sure to get weird. I still don't understand why some folks can't acknowledge the good and recognize the bad.

Iger didn't focus on the domestic parks, his focuses have been on the Studios, distribution models (iTunes, Netflix, Hulu) and international expansion, he also doubled the size of the profitable Cruise Line. In those areas he has made strong and solid progress and defined the company for years to come.

Under his watch, he kept bad leaders in place at Parks & Resorts for too long. He allowed bad leadership to miss many opportunities in the Interactive/Gaming space and they didn't prepare the markets for the reduction of ESPNs subscriber base and allowed ESPN to be a whipping horse for the cord cutting movement.

I think the good outweighs the bad, especially seeing capital coming into the Domestic Parks now. But it is still a big question whether Chapek is good for P&R yet (we need to see some of his work come to fruition before a true judgement).

Wasn't Chapek the one that rolled out Disney Parks as opposed to Disney World and Disney Land?

 

[P_Radden]

And based on the just-released earnings report, he's going to need to make a big play or two. ESPN and Studio revenue is down 3% but Parks and Resorts revenue is up 6%. Guess what's going to be replaced and what's going to be milked even more?

Funny thing... My wife and I watch Disney channel sometimes (not gonna lie, Stuck in the Middle is a good show) and lately they have been plugging ESPN so hard!! Like every commercial brake there is some sort of commercial or spot telling kids to watch ESPN LMAO

 

[Rodan75]

Wasn't Chapek the one that rolled out Disney Parks as opposed to Disney World and Disney Land?

No, that was before his time. I think that was Rasulo, or maybe even earlier than that. Under Chapek, it looks like the individual branding is starting to come back.

 

[P_Radden]

God, let's hope not. The worst run social media site with essentially 99% garbage for content.

Has twitter ever even made a profit?

 

[Earl Sweatpants]

Has twitter ever even made a profit?

Honestly, I'm surprised twitter has hung around as long as it has. I think the hashtag revolution brought it back and tried to breathe life into it. It really should just fade away into the ether of the interwebs.

 

[Chef Mickey]

Has twitter ever even made a profit?

Never once.

 

[Laketravis]

Has twitter ever even made a profit?

Yes.

 

[Laketravis]

Never once.

Google is your friend:

http://www.streetinsider.com/ec_earnings.php?q=TWTR

 

[Chef Mickey]

Google is your friend.

I'll say it again, never once. And don't give me the story where they excluded one time expenditures.

 

[Laketravis]

I'll say it again, never once. And don't give me the story where they excluded one time expenditures.

Just so I'm clear - you are stating that Twitter has never once made a profit?

 

[Chef Mickey]

Just so I'm clear - you are stating that Twitter has never once made a profit?

In any given quarter, they might have made a small profit, but I am looking at this over total net income for a year. Quarter can have all kind of stuff going on with seasonality, so I'll admit I am looking at this annually. They've never had a profitable year.

What they did to even make profit in a given quarter is load all their R&D expenditures later in the year.

This is a garbage company with terrible management.

 

[Laketravis]

In any given quarter, they might have made a small profit, but I am looking at this over total net income for a year. Quarter can have all kind of stuff going on with seasonality, so I'll admit I am looking at this annually. They've never had a profitable year.

What they did to even make profit in a given quarter is load all their R&D expenditures later in the year.

This is a garbage company with terrible management.

EBITDA has been positive since 2011, and that's the measure that any potential buyer would be looking at. Amazon also plowed earnings back into the company along with substantial debt as have countless other companies that eventually became successful. I'm not saying Twitter is an admirable company or that I think they have long term potential, but there's a reason Iger is still interested in Twitter, which wasn't just a rumor.

 

[Chef Mickey]

EBITDA has been positive since 2011, and that's the measure that any potential buyer would be looking at. Amazon plowed earnings back into the company along with substantial debt as have countless other companies that eventually became successful. I'm not saying Twitter is an admirable company or that I think they have long term potential, but there's a reason Iger is still interested in Twitter, which wasn't just a rumor.

Yeah, so we are looking at different measures. To me, EBITDA means nothing. Earnings before XXXX are not EPS. Twitter is nothing like Amazon other than not making much, if any money. Twitter has been heavily criticized for not figuring out how to monetize their model like FB.

Iger's interest in Twitter would have nothing to do with the current profitability profile, IMO...it's what Disney could do with them to actually make it valuable. Twitter without Disney is garbage. I think Disney would use it for online content.

 

[Laketravis]

Yeah, so we are looking at different measures. To me, EBITDA means nothing. Earnings before XXXX are not EPS..

I was looking at both. And they've had positive EPS for a considerable stretch of time.

I think Disney would use it for online content.

Exactly. And all those earnings have already been plowed back into infrastructure, something that would then only need to be maintained. Kind of like spending a few billion dollars up front for theme park technology and RFID bands, something Iger is very familiar with.

 

[PB Watermelon]

Exactly. And all those earnings have already been plowed back into infrastructure, something that would then only need to be maintained. Kind of like spending a few billion dollars up front for theme park technology and RFID bands, something Iger is very familiar with.

Anybody remember the Go Network?

 

[Chef Mickey]

Exactly. And all those earnings have already been plowed back into infrastructure, something that would then only need to be maintained. Kind of like spending a few billion dollars up front for theme park technology and RFID bands, something Iger is very familiar with.

I actually doubt TWTR's EBITDA has been positive since 2011. I think they first went public in 2011. I think they just started positive in 2016...I could be wrong, but I'm too lazy to look it up.

They aren't profitable.