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

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Viewing Highlight