Disney – Is the COVID rollercoaster stopping?
COVID-19 decimated Disney’s Parks, Experiences and Products (PEP) division. Revenue fell by 35% from $26.2 billion in FY19 to just over $17.0 billion in FY20. We anticipate revenue could fall up to 20% further in FY21. New waves of virus outbreaks will impact markets including Europe and Japan. Additionally, physical restrictions mandated in China and … Continued