Categories Earnings, Leisure & Entertainment
DIS Earnings: All you need to know about Walt Disney Q3 2020 earnings results
The Walt Disney Company (NYSE:DIS) reported third quarter 2020 earnings results today.
Revenues fell 42% to $11.7 billion. The company reported a net loss of $4.7 billion, or $2.61 per share, on a GAAP basis. Adjusted EPS fell 94% to $0.08.
The quarterly results were impacted the most by an 85% decline in the Parks, Experiences and Products segment as the company’s theme parks were closed and cruise ship sailings were suspended for the entire quarter due to the COVID-19 pandemic.
“Despite the ongoing challenges of the pandemic, we’ve continued to build on the incredible success of Disney+ as we grow our global direct-to-consumer businesses. The global reach of our full portfolio of direct-to-consumer services now exceeds an astounding 100 million paid subscriptions,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company.
As of quarter-end, Disney+ had 57.5 million paid subscribers.
Click here to read the transcript of Walt Disney Q3 2020 earnings conference call
Most Popular
Johnson & Johnson to report Q2 earnings on July 16. Here’s what to expect
Johnson & Johnson's (NYSE: JNJ) business strategy for fiscal 2025 is focused on reducing the impact of patent expirations on its revenue. Anticipating sales to benefit from growth initiatives, including
What to expect when United Airlines (UAL) reports its Q2 2025 earnings results
Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) stayed green on Tuesday. The stock has gained 44% over the past three months. The airline company is scheduled to report its
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the
