Ah, the crack of dawn on the East Coast! Though it’s still dark and quiet on the West Coast, following in the footsteps of Bob Iger who’s known for waking up early, we all find ourselves stirring as The Walt Disney Company prepares to share its quarterly report with Wall Street. These earnings calls are usually a treasure trove of information about upcoming Disney movies or theme park updates. While we may not anticipate groundbreaking news, you never know when an exciting announcement might drop!
Disney’s earning report is out. Some highlights include:
- Revenue: $24.7 billion
- Income: $3.7 billion
- EPS: $1.40
- Disney+/Hulu subscribers: 178 million
- Disney Experiences Revenue: $9.4 Billion
- Disney Experiences Operating income: $3.1 Billion
Among the enjoyable aspects of the earnings call, the anticipation during the pre-call music stands out. Each time it’s unique, suggesting that they purposefully choose new and popular tunes to draw attention to their latest releases or other noteworthy matters. The call is about to begin momentarily.
To start off, Bob Iger expresses his thoughts towards those affected by the wildfires in Southern California. A significant number of our Disney staff members have been directly impacted, with some even seeking refuge in Disneyland hotels during their evacuation.
In simpler terms, during his opening remarks, Bob Iger kept his speech rather concise. He touched upon the prosperity of our film studio in the year 2024, but didn’t delve deeper. Following this, we moved straight into a question-and-answer session.
The first question revolves around the topic of streaming services’ profitability. Iger suggests that password sharing, advancements in advertising technology, and various innovations will contribute positively to achieving profitability.
Discussing the upcoming opening of Epic Universe and potential effects on Disney’s overall business experience, Hugh Johnston maintains that there is no alteration to the earlier projections. However, Disney has subtly hinted at an anticipated impact on Disney World visitor numbers. They are confident they have adequately prepared for such a situation.
In response to the following question about the Fubo deal and the shutdown of sports streaming project Venu, Iger mentions that he has previously announced his intention to make ESPN available as a standalone streaming service. Iger suggests that with both the Fubo and ESPN plans in place, the sports streaming package was no longer necessary due to potential redundancy.
Upcoming Inquiry: Regarding Disney’s cost-reduction strategies, we find that Disney surpassed its projected growth in Q1 significantly. However, CFO Hugh Johnson has clarified that they are not modifying their projections for the remainder of the year as there are still numerous uncertainties to navigate.
The upcoming question concerns the NBA, and it seems viewership has decreased. However, Iger remains optimistic about their NBA deal as a whole, since they don’t evaluate each license separately. Furthermore, he discusses streaming in general, expressing confidence in overall subscriber growth. Iger also mentions that news expansion, including ABC and local stations, will contribute to the growth of Disney+.
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2025-02-05 17:08