Disney’s parks and resorts swung to the black last quarter in a slow turnaround for one of the nation’s sectors hardest hit by the global pandemic.The company said the division posted an operating profit of $365 million for the fiscal third quarter ended in June from a loss of close to $1.9 billion the year earlier.
Revenue jumped to $4.3 billion from just over $1 billion. For the first nine months of its operating income for Disney Parks, Experiences and Products segment in the current nine-month fell by $1.6 billion compared to the prior-year nine-month period as parks closed and reopened sporadically.Disney said the impact on parks was the most significant it faced company-wide from the virus.
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