Economy
World / Countries / MNCs Disney Loses $4.7Bln Amid COVID-19 Pandemic - Financial Statement
Just Earth News | @justearthnews | 05 Aug 2020, 01:58 am Print
Washington: The Walt Disney Company in a press release revealed that the company lost $4.7 billion in its third quarter of the fiscal year.
Data in the release on Tuesday showed that Disney lost a net income of roughly $4.72 billion in its third quarter which ended on June 27.
The loss in revenue is due to pandemic restrictions at parks and other public places.
The United States has reported more than 4.7 million confirmed cases of COVID-19 and more than 156,600 deaths caused by the disease as of Tuesday evening, according to the Johns Hopkins University tally.
Image: Pixabay
More Economy
- AWS, OpenAI announce $38 billion multi-year strategic partnership to accelerate innovation
- Tech shock in 2025: 218 companies slash 1,00,000 jobs
- Amazon notifies some staff about layoffs before they arrive at office
- Amazon plans massive layoffs: Biggest job cuts since 2022
- ChatGPT: Walmart partners with OpenAI to provide a direct shopping experience from AI platform
