DIS Shareholders and Stock Info ONLY

[clarker99]

Not to understate those numbers (they are impressive),but end of Q3 into Q4 got hammered last year in attendance because of Hurricanes. i would guess this probably relates more to a reverse to the mean then actual growth

Is that true? How many park days were impacted in Q3 (April to June)?

 

[Aluminum Falcon]

Is that true? How many park days were impacted in Q3 (April to June)?

sorry, i think i have my Q's out of order. For Dis it would be Q4, Q125

 

[clarker99]

sorry, i think i have my Q's out of order. For Dis it would be Q4, Q125

So, FYQ3 is fine and I am looking and zero park days were impacted July to September 2024 (FYQ4).

Plus, Q4 will likely have a bump in international bookings for DLP as they were well down during the Paris Olympics.

It is a strong looking 2nd half the fiscal year, esp for domestic parks.

EDIT: If there was a hurricane or tropical storm affecting the Orlando area in Q4, it was not enough of an impact to get a mention in the Q4 earnings call.

 

[Aluminum Falcon]

So, FYQ3 is fine and I am looking and zero park days were impacted July to September 2024 (FYQ4).

Plus, Q4 will likely have a bump in international bookings for DLP as they were well down during the Paris Olympics.

It is a strong looking 2nd half the fiscal year, esp for domestic parks.

EDIT: If there was a hurricane or tropical storm affecting the Orlando are in Q4, it was not enough of an impact to get a mention in the Q4 earnings call.

fair enough

 

[HokieRaven5]

sorry, i think i have my Q's out of order. For Dis it would be Q4, Q125

So, FYQ3 is fine and I am looking and zero park days were impacted July to September 2024 (FYQ4).

Plus, Q4 will likely have a bump in international bookings for DLP as they were well down during the Paris Olympics.

It is a strong looking 2nd half the fiscal year, esp for domestic parks.

EDIT: If there was a hurricane or tropical storm affecting the Orlando are in Q4, it was not enough of an impact to get a mention in the Q4 earnings call.

Yeah it was Q1 FY 25. Hurricanes closed the parks in October. If Hugh was talking just remaining fiscal 25 the hurricane closures aren’t a factor

 

[Aluminum Falcon]

Yeah it was Q1 FY 25. Hurricanes closed the parks in October. If Hugh was talking just remaining fiscal 25 the hurricane closures aren’t a factor

i just saw that as well, i don't know why i was confusing the reports

 

[Brian Noble]

It's easy to do with the October FY.

 

[Aluminum Falcon]

It's easy to do with the October FY.

HAHA, very true. i do this constantly with multiple companies. just can't get it to stick

 

[HokieRaven5]

The two prominent theater chains that report to the SEC also filed recently. Operating incomes for AMC and Cinemark for the latest quarter:

AMC : ($202.1M)
Cinemark : ($38.6M)

AMC total revenue was down about $100M from last year.

Cinemark revenue down $30M

Admission revenue down for both.

https://ir.cinemark.com/sec-filings...0000950170-25-062253/0000950170-25-062253.pdf

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000141157925000055/amc-20250331x10q.htm

 

[clarker99]

$Dis is on a roll.

 

[clarker99]

 

[RivShore]

I have not had time to really look at the report so thanks for these @clarker99 !

So all divisions are at record Op Income, except Entertainment/sports, which is shockingly close given the decline of linier and the struggles of streaming.

Free cash flow at a record, too.

And Experiences Capx at a record. Can a Disboard shareholder ask for anything more? I know, I know, stupid question! lol

 

[clarker99]

I have not had time to really look at the report so thanks for these @clarker99 !

So all divisions are at record Op Income, except Entertainment/sports, which is shockingly close given the decline of linier and the struggles of streaming.

Free cash flow at a record, too.

And Experiences Capx at a record. Can a Disboard shareholder ask for anything more? I know, I know, stupid question! lol

Things are good which is why it is so quiet on here. Only bad news gets the chat going.

 

[wabbott]

Iger should have offload ABC-TV network first thing 2 1/2 years ago when he took back over from Chapek. Back then, we might have had something worth selling.

Nowadays, not so much.

https://www.wsj.com/articles/trump-tariffs-tv-ad-sales-63e6b670?mod=hp_lead_pos10

Tariffs Are Crashing TV’s Annual ‘Upfront’ Ad-Sales Party
Analysts expect economic uncertainty to loom large over a softer television ad-buying season

By Suzanne Vranica and Megan Graham
May 11, 2025 - 10:00 pm EDT

Television’s glitzy advertising-sales extravaganza is kicking into high gear this week, with media companies wooing brands to spend billions on their TV networks and streaming platforms.

But there is a plot twist. As the waitstaff prepare to serve signature cocktails and enough canapés to feed a small nation, tariffs have arrived as an unwelcome party crasher.

TV’s annual “upfront” selling season, when brands begin to commit ad dollars for the coming year, is unfolding against the backdrop of President Trump’s trade war. Questions about tariffs and their potential impact on consumer-spending plans and companies’ marketing budgets threaten to pour cold water on advertising demand, ad buyers and analysts said.

Consumer confidence has plunged to its lowest point since October 2011, thanks in part to worries about tariffs. Sales have slowed across restaurants and consumer-product companies. And some companies are pulling their financial forecasts.

This year’s upfront market “will be especially challenging, given all the uncertainty over tariffs,” said media analyst Michael Nathanson. A growing supply of ad inventory, thanks to the proliferation of streaming options, also lessens the urgency to buy now, he said.

Financial concerns will get short shrift on stage, as media conglomerates including Comcast’s NBCUniversal, Fox, Warner Bros. Discovery and Disney make their pitches to ad executives in New York City over the coming days. Newer tech entrants such as Netflix, Amazon.com and Alphabet’s YouTube will also be vying for ad dollars, leaning heavily on star power with appearances expected from the likes of Lady Gaga and MrBeast.

Economic worries are already causing some brands to pare back their overall ad spending, and that is expected to play out in TV ad demand as well, according to ad executives.

One consumer-product company is planning to cut its overall ad spending by 7% this year, while a financial-services company has slashed its ad budget by about 15%, according to people close to the companies.

“I don’t think it’s going to be a strong upfront, by any stretch of the imagination,” said David Campanelli, president of global investment at media agency Horizon Media.

Even if tariffs are more moderate, Emarketer predicts advanced TV ad spending—including on streaming platforms—could fall 20.5% this year to $13.9 billion.

The one bright spot in this week’s festivities: sports.

Splintering audiences for most TV programming have made sports an essential buy for marketers that need to reach large, live audiences. TV networks, streamers and digital companies will be hyping their professional-sports content, particularly the National Football League.

NBCUniversal will use its upfront presentation Monday to also highlight next year’s Winter Olympics and National Basketball Association All-Star Weekend, following the company’s recent deal to carry NBA games.

Sports content is expected to help some TV networks make up for a lot of the big ad cuts on the entertainment-programming side, ad buyers said.

Some media companies remained upbeat during recent earnings calls with investors. Disney said Wednesday that it continues to see robust demand for advertising going into the upfront season. And Netflix said last month that it isn’t currently seeing any signs of softness in the ad market.

Warner Bros. Discovery executives, however, acknowledged Thursday that upfront conversations are “probably going to go a little slower.”

Analysts and ad buyers said it is tough to forecast how deeply tariffs will affect overall ad spending because the levies keep shifting.

Still, TV could be particularly vulnerable because some of its biggest customers, such as pharmaceutical makers, automakers, retailers and consumer package-goods makers, are likely to be among the industries taking direct hits.

The economic headwinds are just the latest problem facing the TV business, with cord-cutting causing viewership to plunge and pushing advertisers to find new places to pitch their products and services.

Media companies have attempted to offset the deterioration by turning to ad-supported streaming, but that strategy hasn’t fully materialized. Many marketers redirected portions of their TV budgets to digital and social platforms such as YouTube and TikTok instead.

“Owners of TV networks and streaming services combined can’t grow fast enough to make up for the money leaving TV,” said Brian Wieser, an industry analyst.

Excluding political advertising, marketers are expected to spend about $61 billion across traditional and digital television in the U.S. this year, down from about $64 billion in 2019, according to Wieser.

Chocolate giant Hershey, the maker of Kit Kat and Reese’s Peanut Butter Cups, is planning to shift roughly 15% of its cable-TV ad spending, largely to YouTube and Amazon Prime.

Amazon is a draw because the e-commerce giant is better able to prove that ads lead to sales, said Vinny Rinaldi, Hershey’s vice president of media and marketing technology. Meanwhile, YouTube has grown into a streaming behemoth. Some 12% of the time U.S. audiences spent in front of TV screens in March was on YouTube’s TV app or watching YouTube on their smart TV’s internet browser, Nielsen data shows.

“We are moving to the places where consumers are spending their time,” Rinaldi said.

Write to Suzanne Vranica at Suzanne.Vranica@wsj.com and Megan Graham at megan.graham@wsj.com

---

 

[OKW Lover]

I wonder if instead of selling all of ABC, if Disney would sell off its local TV station network.

 

[Brian Noble]

“We are moving to the places where consumers are spending their time,” Rinaldi said.

 

[wabbott]

View attachment 964732

Indeed. But it always amazes me to see companies every day that literally put themselves out of business by ignoring their customers.

 

[wabbott]

I wonder if instead of selling all of ABC, if Disney would sell off its local TV station network.

There are eight stations.
https://abcotvpress.com/

 

[clarker99]

Linear (non-Sport) Networks have made $3.3B in operating income in the last 4 Quarters at 33% margin. Sports Linear Networks have over $2.5B+ in operating income.

So, just under $6B in profit from Linear networks in the last 4 reported quarters. The rest of the Entertainment side (streaming and the studios) have made $1.7B in profit.