Disney Q3 2020 Earnings Report
Key Takeaways
Disney reported a loss of $2.61 per share, or $0.08 excluding certain items, as revenue declined 42% due to the impact of COVID-19 on parks, experiences, and studio entertainment. However, the company's direct-to-consumer business, particularly Disney+, saw significant growth, exceeding 100 million paid subscriptions across its portfolio.
Diluted EPS from continuing operations was a loss of $2.61, compared to income of $0.79 in the prior-year quarter.
Excluding certain items, diluted EPS decreased 94% to $0.08 from $1.34 in the prior-year quarter.
Revenues decreased 42% to $11.78 billion.
The global reach of Disney's direct-to-consumer services now exceeds 100 million paid subscriptions.
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Disney Revenue by Segment
Forward Guidance
The document does not contain specific forward guidance. It does contain forward looking statements regarding business prospects and estimates of expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income