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The American group Disney has a broad base. In times of the Corona crisis, it slows down a bit: the television and broadcast business is booming, but amusement parks are closed. The end result is increased sales and decreased profits.
The American entertainment company Walt Disney has suffered a big drop in profits due to the coronavirus pandemic. The surplus decreased more than 90 percent year-over-year to $ 460 million in the three months through the end of March, the company said.
Revenue increased 21 percent to $ 18 billion. Disney cited the rise of television and streaming deals as the reason.
However, Disney’s amusement parks, resorts and cruise ships in particular suffered enormously: here, operating profit fell 58 percent, although the virus crisis only spread to the end of the quarter. The streaming business with the new Disney + video service has grown tremendously, but so far it has only caused costs. The division’s loss of $ 812 million was more than double the previous year. Shares initially reacted negatively after the exchange.
