Disney It has passed through the confessional at the close of the US market and has reported revenues of $ 11.8 billion, a figure that is considerably below what analysts estimated. The market expected revenue of around 12.7 billion. It is 7% less.
Those of Mickey Mouse have been severely affected in recent months by the pandemic that has plagued everyone. In fact, its famous parks have been closed for months, causing millionaire losses.
"The impact of Covid-19 and measures to prevent its spread are affecting our segments in several ways, most notably in Parks, Experiences and Products where we close our theme parks and retail stores, some of which have now been reopened," the company explains in a statement to shareholders.
"The most significant impact in the current quarter of COVID-19 was an adverse impact of approximately $ 3.5 billion in the operating income in our Parks, Experiences and Products segment due to the loss of income as a result of the closings ", qualify from Disney.
Despite the fact that earnings are well below expectations, their shares They are rising a little more than 2% in the 'after hours' of Wall Street and the reason is once again Disney +.
Disney has declared 57.5 billion subscribers on Disney +. What is the newest service of the company is positioning itself as its great success in this atypical 2020. The obligation to remain locked up at home for weeks and even months has been the best of its allies.
Thanks to Disney + they are also managing to eclipse the losses they are registering due to the cancellation of their shows as well as the stoppage in the production of many of the films that were going to be released between March and June.
"We have delayed, or in some cases, shortened or canceled theatrical releases and suspended theatrical performances at Studio Entertainment. In addition, we have experienced an adverse impact on advertising sales in Media Networks and Direct-to-Consumer & International, "they detailed in the statement.