Bob Chapek Admits Walt Disney World Attendance Lower Than Expected, Revenue is Exceeding Costs Though

It’s been a long four months of furloughs, unprecedented closures, and project cancellations, thanks to the turbulent effects of COVID-19, and today, as scheduled at the end of every fiscal quarter, The Walt Disney Company presented its third-quarter earnings report to its investors and the public. As expected, results were bleak, with a historic $2 billion reported in revenue loss from the company’s Parks, Experiences and Products division. The company’s third quarter runs from April through June. With a meager May reopening for […]

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