2020 Disney financial report: Loss of US$710 million in the fourth quarter, revenue from theme parks and other products fell by 61% u200b

by:Ennas      2022-01-27
On November 13, Disney announced its fourth-quarter and full-year financial report for the 2020 fiscal year. In the fourth quarter, its revenue was US$14.707 billion, down 23% year-on-year, and its net loss was US$710 million. The net profit for the same period last year was US$154 million. The financial report shows that in the fourth quarter, Disney’s media network revenue was 7.213 billion US dollars, an increase of 11% year-on-year; theme parks, experience and product revenues were US$2.58 billion, a year-on-year decrease of 61%; film and television entertainment revenues were US$1.595 billion, a year-on-year decrease of 52%; direct services to consumers And international business income was 4.853 billion US dollars, a year-on-year increase of 41%. In fiscal year 2020, Disney's revenue was 65.388 billion U.S. dollars, down 6% year-on-year; net income from continuing operations was 2.832 billion U.S. dollars, compared to 10.425 billion U.S. dollars in the same period last year. Disney pointed out in the financial report that since the second quarter of fiscal 2020, Disney theme parks and resorts have closed or chose to reduce the scale of operations. In the online Disney+ service, as of the end of the fourth quarter, Disney+ paid users have exceeded 73 million.
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