Disney's earnings plummet amid coronavirus pandemic
The Walt Disney Co. on Tuesday shared with investors that over its second quarter, the coronavirus pandemic cost the company $1.4 billion in operating income.
While revenue rose 21 percent to $18 billion, overall operating income dropped 37 percent to $2.4 billion, The Wall Street Journal reports. Because of the pandemic, Disney had to shutter its theme parks and stop production on its television and film projects in March, during the end of the second quarter.
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