Disney Q2 2020 Earnings Report
Key Takeaways
The Walt Disney Company reported a decrease in diluted EPS from continuing operations to $0.26, a 93% decrease compared to the prior-year quarter. Revenue increased by 21% to $18.009 billion. The COVID-19 pandemic significantly impacted the company's segments, particularly Parks, Experiences and Products.
Diluted earnings per share (EPS) from continuing operations decreased 93% to $0.26 from $3.53 in the prior-year quarter.
Revenues increased 21% to $18.009 billion from $14.922 billion in the prior-year quarter.
The COVID-19 pandemic had an estimated $1.4 billion impact on the company's income from continuing operations before income taxes.
Disney+ reached 33.5 million paid subscribers as of March 28, 2020.
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Disney Revenue by Segment
Forward Guidance
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Revenue & Expenses
Visualization of income flow from segment revenue to net income