Brent Lang Executive Editor of Film and MediaThings are looking a lot more magical at The Walt Disney Company these days. Revenues climbed 45 percent during the entertainment giant’s most recent financial quarter and Disney swung back into profitability for the three-month period ending in June.
It was a sign that the family friendly conglomerate, which makes its business trading in a certain kind of fancy and whimsy, is starting to shake off the all-too-real effects of the COVID-19 economic slowdown.
Revenues hit $17 billion, up from $11.8 billion in the year-ago quarter, while Disney posted a profit of $995 million or 80 cents per share.
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