Disney’s Q2 (Jan/Feb/Mar) FY 2020 Earnings Results Webcast on Tuesday, May 5, 4:30ET

brianstl

Well-Known Member
Somehow Disney still turned a profit despite:

* Losing $1.4 billion in potential profit (key word being "potential profit;" they didn't actually *lose* money this quarter)
* Seeing a bump in debt obligations (not quite as big as I feared though)
* Parks being cratered

Interestingly, there's no use of the "going concern" language that other coronavirus-devastated companies are using in their earning report. Why?
They only lost two weeks of business out of 13 in the first quarter.

The real damage will show up in the second quarter where they have already lost 6 weeks of business.
 

lumberguy5

Active Member
Somehow Disney still turned a profit despite:

* Losing $1.4 billion in potential profit (key word being "potential profit;" they didn't actually *lose* money this quarter)
* Seeing a bump in debt obligations (not quite as big as I feared though)
* Parks being cratered

Interestingly, there's no use of the "going concern" language that other coronavirus-devastated companies are using in their earning report. Why?


Direct to consumer aka D+ is rolling in cash. 4.1B up from 1.1B this quarter.
 

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