Can Disney+ Save Walt Disney's Stock?
The coronavirus pandemic has brought a lot of bleak news for Walt Disney (NYSE: DIS). The company's theme parks remain closed around the world, the movie business has essentially shut down, and even television networks are struggling with a lack of new shows and live sporting events.
About half of all Disney revenue comes from its Parks, Experiences, and Products and Studio Entertainment divisions, while Media Networks provides about a third. That means that the company -- which had nearly $21 billion in first-quarter revenue -- now will have much less.
That won't be fully evident when Disney reports second-quarter earnings on May 5, since that report will only include most of March when some shuttered divisions were still operating. But Q3 will be bleak. However, Disney does have a bright spot -- Disney+.
Source Fool.com
