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Disney Q3 2020 Parks Division Revenue Drops 85%

[WDC] The Walt Disney Company reports their earnings during the quarter the parks were closed, with a drop of 85% revenue in their parks segment.


Disney Q3 2020 Parks Division Revenue Drops 85%

The Walt Disney Company has reported their Q3 2020 results today with a 42% revenue drop across the company.

Disney reports their park revenue within the "Parks, Experiences and Products" segment, which had revenue of $983M (down 85%).

With movie theatres around the world closed, Studio Entertainment came in at $1.74B (down 55%). On the plus side, Disney+ subscribers jumped from 33million to 57million over the quarter.

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This article was posted on 04-Aug-2020
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