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Walt Disney: posts net loss for Q4

( - Walt Disney has reported a net loss of 710 million dollars for Q4 2019-20, or 39 cents per share.

Excluding extraordinary items, the loss reached 20 cents per share, although this was significantly less than analysts had feared.

Operating income by segment plunged 82% to 606 million dollars, with revenues down 23% to 14.7 billion dollars, as Covid-19 ravaged its parks, experiences and products (-61%) and studios (-52%).

Therefore, for its full year ended 3 October, the media and entertainment giant posted adjusted EPS that was divided by three at 2.02 dollars, for revenues that are down 6% to 65.4 billion dollars.

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