disney earnings q2 2020
FOR IMMEDIATE RELEASE SECOND QUARTER AND SIX MONTHS EARNINGS
May 5 2020 · – The Walt Disney Company today reported earnings for its second fiscal quarter ended March 28 2020 Diluted earnings per share (EPS) from continuing operations for the quarter decreased 93 to $0 26 from $3 53 in the prior-year quarter |
What happened to Disney's Q2 earnings?
Disney reported mixed results for its Q2 2020 earnings after the bell on Tuesday. The stock jumped around on the news of the report but was down more than 2% after hours following the earnings call.
Why did Disney Channel lose a lot of subscribers?
Lower Disney Channel results were due to a decrease in affiliate revenue and higher marketing costs. Lower affiliate revenue reflected a decrease in subscribers, partially offset by an increase in contractual rates.
Does Disney offer Dividend Reinvestment?
A: Dividend reinvestment is offered through The Walt Disney Company Investment Plan. Please review the Plan Prospectus at www.disneyshareholder.com prior to enrolling. You can access your online account at www.disneyshareholder.com to enroll, or
What is Disney's impact on its operating income?
Disney estimated the impact on its operating income for that segment was about $1 billion mostly due to revenue lost because of closures. The company reported a 58% drop in operating income for the segment this quarter compared to the same period last year.
Leadership
Executive Committee Member Robert A. Iger is Chairman and Chief Executive Officer of The Walt Disney Company. As Chairman and CEO, Mr. Iger is the steward of one of the worlds largest media companies and some of the most respected and beloved brands around the globe. His strategic vision for The Walt Disney Company focuses on three fundamental pill
Legacy
Mr. Iger has built on Disneys rich history of unforgettable storytelling with the acquisitions of Pixar (2006), Marvel (2009), Lucasfilm (2012) and 21st Century Fox (2019), as well as the landmark 2016 opening of Disneys first theme park and resort in Mainland China, Shanghai Disney Resort. Always one to embrace new technology, Mr. Iger has made Di
Awards and recognition
Disneys exceptional entertainment experiences, widely diverse content, and unique skill in managing businesses in an integrated manner have led to strong results. During Mr. Igers tenure, The Walt Disney Company has been recognized as one of the Most Reputable Companies in both America and the world by Forbes magazine (2006-2018); one of the World'
Early career
Prior to his current role, Mr. Iger served as President and Chief Executive Officer beginning October 2005 and President and Chief Operating Officer from 2000-2005. Mr. Iger officially joined the Disney senior management team in 1996 as Chairman of the Disney-owned ABC Group and in 1999 was given the additional responsibility of President, Walt Dis
Philanthropy
Mr. Iger joined the Apple board of directors in November 2011. He also serves on the boards of the National September 11 Memorial & Museum and Bloomberg Philanthropies. In 2012, Mr. Iger became a member of the Academy of Arts & Sciences, one of the nations most prestigious honorary societies, which recognizes some of the worlds most accomplished sc
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