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Published on Friday, August 13, 2021

Disney theme parks return to profit






Disney theme parks have turned a corner, posting its first quarterly profit since the beginning of the pandemic. It saw income of $356 million and cited the reopening of Disneyland Resort in California early in the quarter.


Revenue tripled to $4.3 billion in the quarter. I was also helped by increased capacity caps although it has recently reinstated the requirement to wear masks indoors.


Disney said it expects have its theme parks fully-staffed by the end of the year.


 


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