Disney 1st Quarter Earnings Call 2018

[dina444444]

Probably I missed the specifics.

It was about content partners for Hulu.

 

[rteetz]

Iger says its direct to consumer service will have less content than Netflix because it is branded and more appealing.

 

[rteetz]

Disney hasn't made a decision about co-financing with 21st Century Fox. They will honor all previous deals with Fox though.

 

[rteetz]

Star Wars was the number one toy franchise this holiday season.

 

[rteetz]

That is the end of the call.

 

[rteetz]

Looks like the major news was new Star Wars series, ESPN+, strong parks quarter, and slight Disney streaming service news.

 

[TheMaxRebo]

Looks like the major news was new Star Wars series, ESPN+, strong parks quarter, and slight Disney streaming service news.

Any specifics about domestic park attendance? I know I'm the note it said increase but wondering scale

 

[rteetz]

Any specifics about domestic park attendance? I know I'm the note it said increase but wondering scale

Nothing other than AK seeing record attendance due to Pandora.

 

[mshanson3121]

Parks and Resorts revenues were up 13% from the first quarter last year. Operating Income up 21%.

This is just mere dreams talking but... given the increases, might we possibly not see a price increase this year? Or at least just a minor one? Does it not become a bit harder for them to justify jacking prices once again well above inflation, give such increases?

 

[rteetz]

This is just mere dreams talking but... given the increases, might we possibly not see a price increase this year? Or at least just a minor one? Does it not become a bit harder for them to justify jacking prices once again well above inflation, give such increases?

I would think the opposite. They obviously haven't found their ceiling yet so if they keep making money they are going to keep raising prices.

 

[Upatnoon]

A strong number for parks means they'll really have to pull out all the stops to beat that number next year.

 

[crazy4wdw]

Disney Beats Earnings Expectations, Falls Short on Revenue

Article from Variety: https://www.hollywoodreporter.com/n...ings-expectations-falls-short-revenue-1082377

 

[rteetz]

A strong number for parks means they'll really have to pull out all the stops to beat that number next year.

This is only the first quarter. They need to keep it going strong for the rest of the year yet.

 

[mshanson3121]

This is only the first quarter. They need to keep it going strong for the rest of the year yet.

And how will they do that....

 

[hertamaniac]

So I once worked for a publicly listed technology company and was given some nice stock options.

I'm sure Disney has plenty of stock options distributed to cast members (not going to segregate levels). I remember asking our Director of SEC Reporting if I could short the stock?

Needless to say, she gave me "the eye" to which I basically said that, although I believed in the company, I was betting that Wall Street wouldn't be as kind.

I am eager to see what happens to DIS stock price over the next several weeks.

 

[hertamaniac]

I should check to see if Iger and C-Levels are going to institute a buy back; nothing exhilarates confidence than raising dividends and buy-backs.

 

[rteetz]

And how will they do that....

Raise prices/keep doing what their doing. They are opening up two new lands this summer (DHS and Shanghai), a rethemed land (DCA), their incredible summer promotion.

 

[rteetz]

I should check to see if Iger and C-Levels are going to institute a buy back; nothing exhilarates confidence than raising dividends and buy-backs.

Disney has been constantly buying back stock. I posted about how much they recent bought back in this thread.

 

[hertamaniac]

Actually, the buy back breakdowns don't reveal themselves until later under Insider Transactions. Our CEO/CFO/CTO were granted so many options that the buy back numbers were skewed. An aggregate number doesn't necessarily equate to C-Level confidence.

And yes, I was a major contributor to our market numbers and would know if the marked would, with high confidence, react in the higher stock price or lower. However, due to insider trading regulations, I could not compromise. I knew our SEC reporting team and would give final numbers just before the call you all hear.

 

[AMusicLifeForMe]

Is the ESPN+ app taking over the Watch ESPN app? I’m a bit confused about that.