As reported by Disney, Disney’s profit and revenue has decreased by 61% to 2.6 Billion dollars and segment operating results decreased $2.5 billion to a loss of $1.1 billion. Although that is a major loss, it is less than the previous quarters loss of $2 billion.
Due to the ongoing pandemic, operating income dropped 45 percent for the year to just $8.1 billion and fell to 82 percent for the fourth quarter to just $600 million. Of course these numbers are greatly impacted by the restrictions placed on capacity of the parks.
Of course Disneyland remains closed for an undetermined amount of time, Disney Cruise Line is still not sailing, and most movie theaters in states remain closed thus making Disney move major movie releases to 2021.
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