Walt Disney Company Q3 Earnings Report

[rteetz]

Bookings indicate optimism for the future

 

[anthony2k7]

https://twitter.com/x/status/1290754863660490756

Right, so they thought the positive contribution number was fairly easily achievable, but sounds like they struggled to hit it.

OK so maybe cut backs are still coming, especially if September is expected to be quieter

 

[rteetz]

https://twitter.com/x/status/1290756123788705792

 

[dlavender]

Unknown

That will be a deciding factor for sure.

If it's buy it and keep it the $30 isn't as bad.

If it's a 2 day rental....a little harder to justify, IMO.

 

[rteetz]

Shanghai has consistently been in the net positive area since opening

 

[TheMaxRebo]

Mulan to Disney+ is a one off, but Bob is very excited to see the demand for it. So could be done again going forward.

so it is a one off unless it isn't

 

[butterscotchcollins]

Right, so they thought the positive contribution number was fairly easily achievable, but sounds like they struggled to hit it.

OK so maybe cut backs are still coming, especially if September is expected to be quieter

It seems like they're saying consumer demand will come back proportionally to the drop in cases, so if Sept is better for Covid numbers then they should be expecting an increase in attendance.

 

[rteetz]

I would have to imagine a large amount of that 50% of those traveling are DVC/AP from out of state.

 

[anthony2k7]

50% of their current guest base traveling to WDW, and the rest in FL/local. High numbers of cancellations.

Presumably some of that 50% "travelling" are still APs though? So non AP guests might be much less than 50%

 

[rteetz]

so it is a one off unless it isn't

Disney isn't going to stop something that works.

 

[Brianstl]

I think it has to do with the markets as well. This tells me they have no faith whatsoever in the US market coming back anytime soon, but possibly so for those overseas. If they can release Mulan in Europe and Asia, it would likely make more money there than Black Widow would.

But cases are spiking in Europe and Japan.

 

[skeeter31]

They’re putting a lot on the Florida numbers being why WDW numbers aren’t as good. Not a great idea that if numbers don’t increase at WDW once Florida plateaus and starts to drop.

 

[rteetz]

https://twitter.com/x/status/1290756900708143106

 

[SwirlTheCitrus]

Right, so they thought the positive contribution number was fairly easily achievable, but sounds like they struggled to hit it.

OK so maybe cut backs are still coming, especially if September is expected to be quieter

What did they say to make you believe this?

 

[anthony2k7]

Mulan to Disney+ is a one off, but Bob is very excited to see the demand for it. So could be done again going forward.

They have not added a whole micropayments solution to Disney+ for a one off. No way.

 

[anthony2k7]

But cases are spiking in Europe and Japan.

And Israel, and Australia... more countries almost daily in fact

 

[hertamaniac]

They have not added a whole micropayments solution to Disney+ for a one off. No way.

And another tier structure for D+ is probably already modeled based on the Mulan experiment.

 

[rteetz]

They have not added a whole micropayments solution to Disney+ for a one off. No way.

If it fails sure it is. If successful they will do more of this no doubt.

 

[TheMaxRebo]

I would have to imagine a large amount of that 50% of those traveling are DVC/AP from out of state.

I would think - I know a lot felt they would just lose their points if they didn't use them or if people rented points they would have lost their $ so went

Still higher than I would have thought

 

[anthony2k7]

https://twitter.com/x/status/1290756900708143106

Wait, what is STAR? Is it a new announcement? Will it be international? Will disney+ be losing Nat Geo etc content to it?