News The Walt Disney Company Q2 Earnings Call

Brian

Well-Known Member
Original Poster
The Walt Disney Company will discuss fiscal second quarter 2024 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m. PT on Tuesday, May 7, 2024.

Results will be released before the opening of regular trading on May 7, 2024.

To listen to the webcast, please return here 5 minutes prior to the presentation.

The webcast presentation will be archived.

 

todd23

Active Member
The Walt Disney Company will discuss fiscal second quarter 2024 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m. PT on Tuesday, May 7, 2024.

Results will be released before the opening of regular trading on May 7, 2024.

To listen to the webcast, please return here 5 minutes prior to the presentation.

The webcast presentation will be archived.

That's odd timing, isn't it?
 

Disney Irish

Premium Member
I would think the only reason to release prior to opening these days is if you have something in the earnings that would have a positive impact on the stock. D+ turning profitable this quarter perhaps.....
 

Sirwalterraleigh

Premium Member
I would think the only reason to release prior to opening these days is if you have something in the earnings that would have a positive impact on the stock. D+ turning profitable this quarter perhaps.....
$126 bucks gonna matter?

It doesn’t matter when they do a call…every day is before/after the market
 

Disney Irish

Premium Member
$126 bucks gonna matter?

It doesn’t matter when they do a call…every day is before/after the market
Except companies don't usually switch timing of release unless there is a reason, especially for a company based primarily on the west coast. So to do it on a Tuesday before US markets open for a west coast company means a positive report in my experience. You do it after US market hours or late on a Friday when its not going to be as positive.

Guess we'll see next month.
 

todd23

Active Member
Except companies don't usually switch timing of release unless there is a reason, especially for a company based primarily on the west coast. So to do it on a Tuesday before US markets open for a west coast company means a positive report in my experience. You do it after US market hours or late on a Friday when its not going to be as positive.

Guess we'll see next month.
I'm disappointed that I'll be on a DCL cruise and will miss it. (I guess I'm not really disappointed, but I wish the timing was different)
 

HauntedPirate

Park nostalgist
Premium Member
If it's not Bob announcing his successor and tendering his resignation effective October 1, 2024, the time change doesn't move the needle for me.

Last quarter's results resulted in a hefty stock bump after-hours that was sustained the next day, so I'm curious to see why they thought they needed to move this one up to the start of the day.
 

JoeCamel

Well-Known Member
Except companies don't usually switch timing of release unless there is a reason, especially for a company based primarily on the west coast. So to do it on a Tuesday before US markets open for a west coast company means a positive report in my experience. You do it after US market hours or late on a Friday when its not going to be as positive.

Guess we'll see next month.
Bob has a mean streak and wanted to make Burbank wake up the same time he does. As a fellow old I know the struggle to sleep in....
 

BrianLo

Well-Known Member
I would think the only reason to release prior to opening these days is if you have something in the earnings that would have a positive impact on the stock. D+ turning profitable this quarter perhaps.....

Seems probable. I'm claiming credit for already laying my stake on that prediction ages ago. :)

How core subs could go up 5.5-6 million AND ARPU should go up (as the December price hikes take root) without closing the measly gap wasn't jiving. The only question in technicality is how negative is D+ in the general equation. We know Hulu is positive, but I don't know exactly how positive. Technically we could have reached a steady state where the DTC segment is profitable, but D+ specifically underneath isn't. Meaning Hulu was doing all the work.

The timing of the call sort of tells me both D+ AND DTC are profitable... There's really nothing else financial wise that I think is that much worth getting worked up over with a dearth of studio releases.
 

Kamikaze

Well-Known Member
It doesn’t matter when they do a call…every day is before/after the market
You don't move your announcement from after close to before open if you're going to announce bad news.

Same reason why lots of things (not only Disney, but politics, companies, etc) are announced Friday at 4. So the news cycle has moved on.

A 5:00 release lets the numbers settle overnight and not affect the stock as much. Releasing at 8:30 means you expect the stock to pop up for the day on the good news.
 

Disney Irish

Premium Member
Seems probable. I'm claiming credit for already laying my stake on that prediction ages ago. :)

How core subs could go up 5.5-6 million AND ARPU should go up (as the December price hikes take root) without closing the measly gap wasn't jiving. The only question in technicality is how negative is D+ in the general equation. We know Hulu is positive, but I don't know exactly how positive. Technically we could have reached a steady state where the DTC segment is profitable, but D+ specifically underneath isn't. Meaning Hulu was doing all the work.

The timing of the call sort of tells me both D+ AND DTC are profitable... There's really nothing else financial wise that I think is that much worth getting worked up over with a dearth of studio releases.
It seems to me that you, me and @MisterPenguin have been advocating/championing for DTC/D+ profitability in FY24 since the beginning despite all the doubters.
 

Sirwalterraleigh

Premium Member
You don't move your announcement from after close to before open if you're going to announce bad news.

Same reason why lots of things (not only Disney, but politics, companies, etc) are announced Friday at 4. So the news cycle has moved on.

A 5:00 release lets the numbers settle overnight and not affect the stock as much. Releasing at 8:30 means you expect the stock to pop up for the day on the good news.
Well at least they can say they haven’t bombed any movies?


It seems to me that you, me and @MisterPenguin have been advocating/championing for DTC/D+ profitability in FY24 since the beginning despite all the doubters.
And will you be championing it when the “profits” are still marginal in 3 years?
 

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