The Walt Disney Q2 FY20 revenues rise 21% to $18 billion

The Walt Disney, a mass media corporation, posted 21 for every cent soar in its revenues to $eighteen. billion in next quarter (Q2) FY20 ended on March 28, 2020 as opposed to $14.nine billion in similar period of time prior 12 months. Year-in excess of-Year (YoY) revenues for six months increased 29 for every cent to $38.8 billion. Having said that, net cash flow all through the quarter fell ninety one for every cent to $475 million.

 

Revenues in Media Networks segment grew 28 for every cent to $seven.two billion (Q1 FY19: $5.six billion). Operating cash flow for the segment increased seven for every cent to $two.4 billion

 

Parks, Experiences and Products and solutions segment income lowered ten for every cent to $5.5 billion (Q1 FY19: $six.one billion). Operating cash flow fell 58 for every cent to $639 million owing to decreases at both the domestic and worldwide parks.

 

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