The Walt Disney Co. on Tuesday revealed the financial impact of its theme parks being shuttered due to the novel coronavirus pandemic: a fiscal third-quarter loss of$3.5 billion.
Most of the theme parks closed in mid-March, including the two domestic parks. Walt Disney World in Florida reopened last month.
Disneyland in Southern California remains closed save for the Downtown Disney shopping and dining district. It is unclear when the theme park and hotels will reopen. "Parks, Experiences and Products revenues for the quarter decreased 85 percent to $1.0 billion, and segment operating results decreased $3.7 billion to a loss of $2.0 billion," according to Disney's quarterly report, released Tuesday. "Lower operating results for the quarter.