Walt Disney, an American entertainment giant, posted a profit for the first time in three months until December last year, but the theme park was closed and admission restrictions continued to affect the previous year. It was 99% less than at the same time, a significant decrease in profits.
According to the announcement, sales for the three months from October to December last year were $ 16.2 billion, 22% less than the same period of the previous year, and more than 1.6 trillion yen in Japanese yen.
Of these, the theme park division saw a 53% decline in sales and less than half due to continued closures and admission restrictions due to the spread of the new coronavirus infection.
As a result, the final profit was 17 million dollars and 1.7 billion yen, which was the first profit in three quarters, but it was 99% less than the same period of the previous year, which was a significant decrease.
Disney recorded a huge deficit of about 500 billion yen in Japanese yen for the three months until June last year due to the deterioration of profits in the theme park division, but in addition to a large-scale personnel reduction, a new business The video distribution service "Disney +," which is positioned as a pillar of the company, has stopped the deterioration of its business performance due to the significant increase in the number of subscribers due to the effect of so-called nesting demand.