Disney Quarter 1 2020 Earnings Report

[rteetz]

Disney closed at $144.73

https://www.thewaltdisneycompany.com/wp-content/uploads/2020/02/q1-fy20-earnings.pdf

 

[rteetz]

Revenue was $20.86 billion above the expected

Disney+ has 26.5 million subscribers.

Hulu has 30.4 million subscribers

ESPN+ has 6.6 million subscribers

 

[rteetz]

Parks revenue up 8%

Parks operating income up 9%

 

[rteetz]

Bobs opening remarks cover coronavirus, box office success and rise of the Resistance.

 

[YesterDark]

Just an extra 20 bill.

 

[BrianL]

Just an extra 20 bill.

Yeah, is that $20B above expectations? Wow.

 

[rteetz]

Mandolorian Season 2 will debut in October. New Marvel content begins in August (Loki I believe) Wandavision in December.

 

[J-BOY]

Mandolorian Season 2 will debut in October. New Marvel content begins in August (Loki I believe) Wandavision in December.

It's Falcon and the Winter Soldier in August, as they've been filming for quite a while. Loki's only been filming a week or so, so that will be 2021.

 

[rteetz]

Resort occupancy at domestic hotels at 92% for the quarter.

International parks down a bit due to Hong Kong.

Disney is preparing for a 2 month closure of Chinese parks due to Coronavirus.

Domestic park attendance up 6% for the quarter

 

[rteetz]

It's Falcon and the Winter Soldier in August, as they've been filming for quite a while. Loki's only been filming a week or so, so that will be 2021.

Thanks didn't hear what they said clearly.

 

[rteetz]

HotStar will launch Disney+ in India in March

As of Monday Disney+ is over 28 million subcribers

ESPN+ up to 7.6 million

Hulu up to 30.7 million

 

[rteetz]

Bob Iger expects to roll out Hulu internationally in 2021

 

[rteetz]

Disney remains interested in NFL related programming.

 

[rteetz]

Disney is prepping more Star Wars but right now that focus is on TV/Streaming. Mandalorian is looking to go past season 2. Disney is looking at spin offs of Mandalorian characters.

 

[rteetz]

In questioning Disney was asked if they are seeing any impacts on international issues on international guests. Asian markets do not factor in the top 5 international markets visiting domestic parks. Japan is the highest and thats for Disneyland. Disney doesn't see any impact from coronavirus on that. Brazil/South America is their big one and they are seeing a small decline there right now.

 

[rteetz]

Iger says they will continue to expand with new attractions and hotels to attract park guests and don't anticipate a major slow down with that.

 

[MommaBerd]

Excellent summary @rteetz ! Thanks so much!

 

[firefly_ris]

Just an extra 20 bill.

Yeah, no biggie, I made that just on my side hustle last year...

 

[mshanson3121]

Resort occupancy at domestic hotels at 92% for the quarter.


Domestic park attendance up 6% for the quarter

Thank you SWGE and RotR

 

[rteetz]

Thank you SWGE and RotR

Only includes about 3 weeks of RotR in this quarter at WDW and none of DL.