Disney Releases Q4 and Year-End Financials
The Walt Disney Company released its Q4 and year-end financials for the fiscal year 2020 ending September 30, 2020. As expected, the Walt Disney Company suffered huge financial losses. Here are some of the highlights of today's release:
GAAP net loss of $2.83 billion (FY2020), $710 million GAAP net loss in Q4. This is the first annual losses reported by the company since 1980.
Disneyland Resort Expected to Remain Closed At Least Until January 2021.
Walt Disney World theme parks have increased from 25% to 35%.
Walt Disney World park reservations are currently 77% booked for Q1 2021.
Disney+ has surpassed 73 million subscribers as of October 3. Hulu has 36.6 million paying subscribers, and ESPN Plus has 10.3 million subscribers.
The Walt Disney Company Board of Directors Decides to Forgo Next Semi-Annual Cash Dividend.
You can view the details of the financials on the Investor Relations website for the company.
NOTE: This is for informational purposes only and does not constitute investment advice.