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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.

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