Disney's profit plunged 91% last quarter as its parks closed their doors

Although sales for the quarter were up 21% to $18 billion, Disney's profit took an enormous hit from the closure of its parks as well as mammoth costs associated with getting the Disney+ streaming service off the ground.

The company's parks and experiences unit was hit particularly hard by the outbreak. That segment's operating income dropped a staggering 58% compared to last year — a result of Disney shuttering its theme parks and resorts around the world.

Good

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Are all the multi millionaires losing their money Ah so sad

I’m sure they can go a couple of month without any income

Important to note they still made a profit. I’m more concerned about mom and pop small businesses forced to close. My heart goes out to them, not Disney.

No reason multi billion dollar companies don’t have enough saved up for moments like this.

Close Disneyland Shanghai permanently!

Only feel bad for the workers otherwise you guys charge like $50 for a turkey leg so. Disney

pedoworld?

Good they are children of Satan

All these companies that supported Trump look at them now their tax savior did not protect them from the Virus.

IDk wha the problem is here. Cant we just shut everything down and give everyone free money? people are dying here dont you know?

Would be nice if it decreased 100%. Forever.

Disney Parks are nothing now but a germ spreading poison park. Until we get a vaccine, I don't see the money coming back.

No the lockdown has caused this not the pandemic. The lockdown has caused more trouble than the illness ever will.

Decimation is a 10% reduction. Your tweet says 91% decline. Make up your mind.

Kelsey52938239 🥺🥺🥺

Are they still making profits though? I am guessing the Disney app isn’t taking off either? Disney disneyapp

Let's talk about the restaurants and their staff before Disney's profet loss.

CNN is now celebrating the demise of Mickey Mouse a known realDonaldTrump supporter and life long republican.

A spoon full of sugar should help the medicine go down!

Something doesn't song right. Did Disney shutdown for three full months?

At this pace the’ll be able to expand their entertainment with a coronavirus dunk tank.

Jesus. 🤮

'Although sales for the quarter were up 21% to $18 billion...' makes it sound like you've written an intentionally misleading headline.

Again Disney will be FINE!!!

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