Disney profits plummet and operating expenses at an all time low

Cinderella Castle, the icon of Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Fla., recently completed a royal makeover. The castle’s new color scheme features bold, shimmering and regal enhancements befitting The Most Magical Place on Earth. Special elements include a sapphire dusting on the blue rooftops and gold trim that makes the spires sparkle in the sun. (Matt Stroshane, photographer)

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.

TKI Newsroom
The Kingdom Insider is an unofficial, unbiased theme park news source that covers Walt Disney World, Disneyland, Universal Orlando Resort, SeaWorld Orlando and more! Our Newsroom scours the internet for the latest in official parks news.