Categories AlphaGraphs, Earnings, Leisure & Entertainment

DIS Earnings: Everything you need to know about Walt Disney Q2 2020 results

As of May 4, Disney+ had 54.5 million subscribers, company say during earnings conference call

The Walt Disney Company (NYSE: DIS) today announced its second quarter financial results for the period ended March 28, 2020.

Second quarter net income was $475 million, or $0.26 per share, compared with net income of $5.4 billion, or $3.53 per share in second of 2019.

Revenues increased 21% to $18.0 billion.

Amid COVID-19, Parks, Experiences and Products segment experienced a significant impact on the operating income (approx. $1.0 billion) as a result of the closures. 

Also Read:  Why Disney + could go from strength to strength in the near future

Here is the quick summary of earnings report.

THE WALT DISNEY COMPANY REPORTS
SECOND QUARTER AND SIX MONTHS EARNINGS FOR FISCAL 2020

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