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Disney Parks Lose Over $1 Billion Last Quarter


Disney Parks Lose Over $1 Billion Last Quarter

[WDC] On the Disney earnings call this week, Disney reported that the Parks segment of the business lost $1billion as the pandemic losses mount.

The Walt Disney Company reported their earnings this week, and as expected, the Disney Parks, Experiences and Products segment revenue decreased to $2.6 billion resulting with an operating income loss of $1.1 billion. This is due to the reduced capacity at the parks, as well as parks like Disneyland California still unable to open.
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This article was posted on 14-Nov-2020

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