Disney revenue better than expected as it starts climbing out of Covid-19

Topics Walt Disney | Coronavirus | ESPN


By Lisa Richwine and Akanksha Rana (Reuters) - Walt Disney Co on Thursday reported quarterly revenue that was better than Wall Street expected as live sports returned to ESPN and the company's theme parks began recovering from shutdowns due to the coronavirus pandemic. Overall revenue fell 23% to $14.71 billion (£11.

22 billion) in the quarter, above analysts' average estimate of about $14.2 billion. Disney's adjusted loss per share, excluding one-time items of 20 cents, also beat Wall Street expectations of.

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