Walt Disney Co (The)

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Other Pre-Announcement

The Walt Disney Co Reports Q4 Loss Per Share Of $0.20 Excluding Items

Published: 11/12/2020 21:27 GMT
Walt Disney Co, The (DIS) - The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2020.
Q4 Loss per Share $0.39 From Continuing Operations.
Q4 Loss per Share $0.20 Excluding Items.
Results in Quarter and Fiscal Year Ended October 3, 2020 Were Adversely Impacted by Novel Coronavirus.
Qtrly Revenue $14.71 Billion Versus $19.12 Billion.
Media Networks Revenues for Quarter Increased 11% to $7.2 Billion.
Cable Networks Revenues for Quarter Increased 11% to $4.7 Billion.
Parks, Experiences and Products Revenues for Quarter Decreased 61% to $2.6 Billion.
Estimate Total Net Adverse Impact of Covid-19 on Parks, Experiences and Products Segment Operating Income in Quarter Was About $2.4 Billion.
During Current Quarter, Company Recorded Charge Totaling $393 Million.
As a Result of Covid-19, Disneyland Resort and Our Cruise Line Business Were Closed for All of Current Quarter.
Walt Disney - Current Quarter Charges Were Due to Severance in Connection With Reduction-in-force at Parks, Experiences, Products Segment, Integration of Tfcf.
All Re-opened Parks and Resorts Operated at Significantly Reduced Capacities During Current Quarter.
As of Oct 3, 2020 Disney+ Paid Subscribers Were 73.7 Million.
Studio Entertainment Revenues for Quarter Decreased 52% to $1.6 Billion.
Currently Estimate Covid-19 Related Costs for Studio Entertainment May Total Approximately $1 Billion in Fiscal 2021.