Bob Chapek tv video film broadway Bob Chapek

Walt Disney Misses On Revenue As Theme Parks See $3.5 Billion Hit; Profit Beats Street; Media Networks, Studio Mixed

Reading now: 647
deadline.com

Jill Goldsmith Co-Business EditorWalt Disney said revenue last quarter was $11.87 billion, lower than expected and down 42% from the year before with the theme park division taking a $3.5 billion hit on a major and hit from parks.The numbers were hotly anticipated as a measure of how partial reopenings of parks, stalled production and live sports – both slowly returning — are impacting its business.Diluted earnings per share (EPS) came in at $0.08, down from $1.34 the year before, beating expectations.

The share were trading higher in after-hours.“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,” said CEO Bob Chapek.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA