clintmemo wrote: Chad wrote:
The parks are only 7% of revenue.https://www.investopedia.com/how-disney ... ey-4799164
The Parks, Experiences and Products segment reported revenue of $983 million, or 7% of total revenue, in Q3 FY 2020. Revenue plunged 85.0% compared to the year-ago quarter. The segment posted an operating loss of $2.0 billion, a significant change from the $1.7 billion of operating income reported in the same quarter a year ago.
The Media Networks segment posted revenue of $6.6 billion in Q3 FY 2020, down 2.2% compared to the same three-month period a year ago. Operating income rose 47.6% to $3.2 billion. The segment accounts for about 50% of total revenue and 83% of total operating income.
if being down 85% means they were only 7% of revenue, then on a normal quarter, they would be 7% / (1.00 - .85) or 46% of revenue. i.e. normally, almost half.
And yes, that's revenue, not profits. Maybe 46% of their revenue earns 200% profit while the other 54% breaks even - we don't know.
Disney's 2019 financial year.
Revenue - $69.570 billon
Parks -(Parks global, Cruises, Merchandise licencing) $26,225 billon 37.7%
TV channels (ABC & ESPN + other US, TV show licencing) - $24,827 billion 35.69%
Films (Theatrical, VOD, Home video and Licencing) - $11,127 billion 15.99%
International and Direct to Consumer (All international TV channels and all Streamers) - $9,349 billion 13.44%
I'm sure there's a lot of hidden nuance in those values, but unless I'm completely ignorant of how money works the realistate portion of Disney's income pre pandemic is way more critical than their film division. Also I guess ESPN (and TV in general) is another rediculously huge earner for them which makes sense.
You're pulling numbers from one quarter deep in the pandemic. Which confirms what I was saying, their biggest earner has dropped massively.