Disney has reported on the past fiscal quarter. Judging by the data, the company manages to work with varying success during the COVID-19 coronavirus pandemic: online services show growth, but amusement parks bring losses, and closed cinemas have also negatively affected the corporation.
- The company reported $ 14.7 billion in revenue, up from $ 19 billion last year, with a loss per share of 39 cents.
- The company’s net loss was $ 710 million
- Disney + surpasses 73 million paying subscribers
- Parks, experiences & groceries revenue drops 61% due to coronavirus pandemic
Earlier this month, Disney announced that it was laying off 28,000 employees in its American parks. The company accused California of exacerbating its financial problems due to its reluctance to lift restrictions related to the coronavirus. Disneyland has been closed since March. Walt Disney World in Florida has been open with limited bandwidth since July.