Disney Q2 profit sinks on pandemic woes

Disney Q2 profit sinks on pandemic woes

Disney Q2 profit dropped 91% to $475mn, down from $5.4bn a year earlier. . Overall revenue rose 21% to $18.01bn, just short of the $18.06bn analysts expectation. On the brighter side Disney Plus streaming service, which was launched in Nov 2019 had 54.5mn subscribers. The service contributed to ~$3bn revenue increase for Disney’s direct-to-consumer and international business.

Milan
Milan
bad news bear
bad news bear 3 weeks

Is it really from the pandemic or 8s it from shitty Star Wars movies

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