Disney Reports Q2 Results Before Coronavirus Pandemic Shutdowns Began
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Walt Disney Company: Q2 Non-GAAP EPS of $0.60 ($0.90 estimate); GAAP EPS of $0.26 ($0.73 estimate)
Revenue of $18.01B (+20.7% Y/Y) beats by $510M.
Shares are up -2.2%.
Focusing on the "Parks, Experiences and Products" segment, revenue was down 10% to $5.54B.
With parks around the world currently closed, declining ad revenue from the TV businesses, and movie theatres around the world shut, Q3 FY20 (the quarter we're in now) is inevitably going to be one of the worst quarterly declines in Walt Disney Company history.
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About The Author
Ash Hales is a British Disney Parks writer and the voice behind Mickey From The UK. Based in the South of England, he's been visiting Disney Parks for over three decades and launched Mickey From The UK in 2017 to provide practical, straight-talking advice for British guests - without the American bias.
Ash Hales is a British Disney Parks writer and the voice behind Mickey From The UK. Based in the South of England, he's been visiting Disney Parks for over three decades and launched Mickey From The UK in 2017 to provide practical, straight-talking advice for British guests - without the American bias.
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