Third-quarter revenue (three months to 27 June) fell 85% to $1 billion, the Walt Disney Company confirmed in a Q3 results statement issued late on Tuesday (4 August).
Its operating results, meanwhile, decreased by $3.7 billion to a loss of $2 billion due to the domestic (US) and international impact of Covid-19.
Disney estimates the total net impact of coronavirus on Q3 operating income across its parks, experiences and products division ran to approximately $3.5 billion.
"The impact of Covid-19 and measures to prevent its spread are affecting our segments in a number of ways, most significantly at parks, experiences and products," said Disney.
