Disney Q2 2020 Earnings Report

Disney's financial performance was impacted by the COVID-19 pandemic, particularly affecting Parks, Experiences and Products segment, but Disney+ showed strong growth since its launch.

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.

Total Revenue

$18B

Previous year: $14.9B