DIS Shareholders and Stock Info ONLY

[RivShore]

Just a public service announcement for our stock group - @lentesta has some great data here:

Post in thread 'Crowds summer'

Jul 24, 2025

Overall, tourism in the U.S. has taken a significant down-turn this summer, so I'm sure that's reflected in the Disney crowds as well.

I was on Bloomberg last week and prepared some notes around this. Orlando is actually a bright spot in an otherwise bleak US tourism market.

What Did Tourism Look Like In April / May / June?​

TL;DR: Demand remained strong in April, May, June for Disney & Universal

• April tax revenue got a slight YoY bump for Easter (was in Q1 in 2024)
• May’s Central Florida tourist tax income set record
  • Officials credited opening of Universal’s...

• lentesta

• 

Similar to stuff our own @clarker99 pulls together for us!

 

[clarker99]

Just a public service announcement for our stock group - @lentesta has some great data here:

Post in thread 'Crowds summer'

Jul 24, 2025

Overall, tourism in the U.S. has taken a significant down-turn this summer, so I'm sure that's reflected in the Disney crowds as well.

I was on Bloomberg last week and prepared some notes around this. Orlando is actually a bright spot in an otherwise bleak US tourism market.

What Did Tourism Look Like In April / May / June?​

TL;DR: Demand remained strong in April, May, June for Disney & Universal

• April tax revenue got a slight YoY bump for Easter (was in Q1 in 2024)
• May’s Central Florida tourist tax income set record
  • Officials credited opening of Universal’s...

• lentesta

• 

Similar to stuff our own @clarker99 pulls together for us!

Yeah, if it looks familiar it is bc I have helped Len out with some of the data and analysis behind the scenes. Funny enough Bloomberg didn't ask much about Disney, Universal, travel or Orlando. They wanted to discuss Netflix and its planned ventures into themed entertainment after their earnings dropped.

 

[RivShore]

This seems like a good way to monetize a declining asset:

https://www.cnbc.com/2025/07/24/nfl-media-espn-equity-ownership-deal.html

NFL in talks to take a 10% stake in ESPN​

 

[clarker99]

Paramount, Skydance Merger Approved
https://www.nbcnews.com/business/business-news/paramount-skydance-cbs-deal-what-to-know-rcna220006

 

[clarker99]

Fantastic 4: First Steps with a nice Thursday Preview:
$24.4m
https://www.the-numbers.com/movie/Fantastic-Four-The-First-Steps-(2025)#tab=box-office

 

[wabbott]

Here's a pertinent story about cable. I know we've discussed the future (or lack thereof) of cable as we've known it.

https://www.hollywoodreporter.com/business/business-news/charter-second-quarter-losses-1236329132/

Charter Sheds 80,000 TV Customers in Latest Quarter, Shrinking Losses

The cable and Internet giant, having just unveiled a merger deal with Cox Communications, also lost 117,000 Internet customers and added 500,000 mobile line subscribers, which sent its share price tumbling.

July 25, 2025 4:43am
by Etan Vlessing

 

[HokieRaven5]

TWDC hit $3B at the box office for the 4th consecutive year

https://thewaltdisneycompany.com/fantastic-four-first-steps-box-office/

‘The Fantastic Four: First Steps’ Tops Box Office as Disney Hits $3 Billion in Ticket Sales​

 

[HokieRaven5]

Comcast Q2 2025 Earnings Release

https://www.cmcsa.com/static-files/a72e47ea-b75b-4b80-a5e0-8e8f5e00092e

 

[wabbott]

https://www.investing.com/news/stoc...s-as-epic-lifts-theme-park-attendance-4162467

’Epic’ boost drives Comcast’s quarterly results

Published 07/31/2025, 07:08 AM
Updated 07/31/2025, 10:21 AM

By Harshita Mary Varghese

(Reuters) -Comcast topped estimates for quarterly revenue and profit on Thursday, driven by a surge in theme park attendance sparked by the May debut of "Epic Universe", growth in its domestic wireless business and a spike in streaming revenue.

The Central Florida attraction boosted theme park revenue by nearly 19% in the second quarter, to $2.35 billion, even though it was open for about one month into the reporting period.

The park, which represents an estimated $7 billion investment, is one of the six areas that will contribute to Comcast (NASDAQ:CMCSA)’s growth.

The company’s shares were up 3% in early trading.

 

[HokieRaven5]

Net Income attributable to Comcast would’ve been lower for Q2 2025 vs Q2 2024 if not for $9.4B on the books from TWDC.

“Net Income Attributable to Comcast was $11.1 billion, including a $9.4 billion gain from the sale of our interest in Hulu, compared to $3.9 billion in the prior year period.”

https://www.cmcsa.com/news-releases/news-release-details/comcast-reports-2nd-quarter-2025-results

 

[clarker99]

Comcast Q2 2025 Earnings Release

https://www.cmcsa.com/static-files/a72e47ea-b75b-4b80-a5e0-8e8f5e00092e

Theme Parks
- Revenue up YoY for 1st time in 5 quarters.
- Ebitda up YoY for 1st time in 7 quarters
- Ebitda margin down YoY for the 7th consecutive quarter.

Needs to be noted that Epic was open for the entire quarter (with previews that started in March and ran up to the official opening on May 22).

 

[HokieRaven5]

Theme Parks
- Revenue up YoY for 1st time in 5 quarters.
- Ebitda up YoY for 1st time in 7 quarters
- Ebitda margin down YoY for the 7th consecutive quarter.

Needs to be noted that Epic was open for the entire quarter (with previews that started in March and ran up to the official opening on May 22).

Will be interesting to watch the margins going forward. At least in the first quarter about a 5% drop in profit margin vs before Epic.

 

[clarker99]

Will be interesting to watch the margins going forward. At least in the first quarter about a 5% drop in profit margin vs before Epic.

Margins for Comcast Theme Parks are a bit of a conundrum. Pre-Covid they were taking crazy high margins and post-covid those margins have not gone back up and are in fact declining. Head scratcher.

 

[HokieRaven5]

View attachment 989056
Margins for Comcast Theme Parks are a bit of a conundrum. Pre-Covid they were taking crazy high margins and post-covid those margins have not gone back up and are in fact declining. Head scratcher.

Can always count on a Chart!! Increased Operation and capital costs are fun. Well just have to see how things go

 

[clarker99]

Can always count on a Chart!! Increased Operation and capital costs are fun. Well just have to see how things go

Just to clarify, Capital costs are not part of EBITDA. They definitely have more staff and other costs with a new park but the actual cost to build and pay for the park (depreciation) is not reported by Comcast.

For comparison sake, Disney reports their earnings with Depreciation factored in, while Comcast does not.

 

[BayTower2010]

Just a public service announcement for our stock group - @lentesta has some great data here:

Post in thread 'Crowds summer'

Jul 24, 2025

Overall, tourism in the U.S. has taken a significant down-turn this summer, so I'm sure that's reflected in the Disney crowds as well.

I was on Bloomberg last week and prepared some notes around this. Orlando is actually a bright spot in an otherwise bleak US tourism market.

What Did Tourism Look Like In April / May / June?​

TL;DR: Demand remained strong in April, May, June for Disney & Universal

• April tax revenue got a slight YoY bump for Easter (was in Q1 in 2024)
• May’s Central Florida tourist tax income set record
  • Officials credited opening of Universal’s...

• lentesta

• 

Similar to stuff our own @clarker99 pulls together for us!

The simple truth is the economy is starting to look real good. Inflation in check, jobs being added, GDP up, and most importantly consumer optimism is high. Look out for vacation travel to increase in a big way over the next 12 months. Better get reservations to WDW early as waiting may end up costing you to be locked out -- just my opinion.

 

[Scalemaster34]

The simple truth is the economy is starting to look real good. Inflation in check, jobs being added, GDP up, and most importantly consumer optimism is high. Look out for vacation travel to increase in a big way over the next 12 months. Better get reservations to WDW early as waiting may end up costing you to be locked out -- just my opinion.

Aspect are... others aren't.

Housing is in a huge slump, and Airlines reported a slow down just a few months ago starting to show up. Most Credit Card companies are showing a slump in spending on lodging, tourism, and airline tickets. Spending on Food had to go WAY up.

Personally I know that DCL has had to do deep discounts for late summer through fall.

 

[BayTower2010]

Aspect are... others aren't.

Housing is in a huge slump, and Airlines reported a slow down just a few months ago starting to show up. Most Credit Card companies are showing a slump in spending on lodging, tourism, and airline tickets. Spending on Food had to go WAY up.

Personally I know that DCL has had to do deep discounts for late summer through fall.

The economy is just at the beginning of improvement. It will take a little time for the full effect to hit discretionary spending like WDW vacations. The part about credit card and housing is being hurt by the slow actions of the Fed. Just a small reduction in rates would help middle America. Overall, there are trillions of dollars committed for investment in the USA from foreign sources. Cannot wait for Feb/March when millions of Americans see their fed taxes are a lot less, when people have extra money they tend to spend. This is going to be an "I told you so" moment for me next summer, which of course I will be happy to remind everyone.

 

[PsylockeSmythe]

The part about credit card and housing is being hurt by the slow actions of the Fed. Just a small reduction in rates would help middle America. Overall, there are trillions of dollars committed for investment in the USA from foreign sources. Cannot wait for Feb/March when millions of Americans see their fed taxes are a lot less, when people have extra mo

Credit Cards and Mortgage rates are based off the 10-year treasury rate, which is set by the market. When the fed cut 1% off their fed funds rate from August of 24 to January of 25, the 10-year treasury yield went up from 3.997% to 4.39% currently, with yields of 4.5% at times. So, the yield on the 10-year actually went up higher after the fed cutting their rate by 1%. If you think that the Fed cutting rates now will cause the 10-year to go down, you will be in for a surprise. Too much uncertainty for the yield to drop. Credit Card and Auto loan delinquencies have also been rising over the last 6 months to a year. The higher income consumers are still spending, but the lower end of the spectrum are cutting back.

As for the tax cuts, there is no real tax cut for the average person, the cuts just extend what was already in place so for most people there will be no change. The no tax on tips and OT are capped at certain levels on the amount that can be deducted from income for tax purposes. I doubt the average person will be seeing any type of windfall during tax filing season next year, I can very well be wrong but based on the previous cuts I doubt it. I can tell you since I do payroll that when the first set of cuts happened in 2018, the employees here averaged an extra $9 dollars on their bi-weekly paychecks.

Psy

 

[HokieRaven5]

GDP is lower than the year prior for the first 6 months

Job growth is lower than the year prior (recent jobs data for May/June revised downward by over 200,000)

Consumer confidence is lower than the year prior

Real purchasing growth rate by consumers has reduced in each of the last few quarters.

We shall see what happens, but it’s not all sunshine for companies going forward.