Disney Theme Parks Are Losing Money, and That's OK for Now
You're not likely to associate the word positive with a segment generating a $1.96 billion operating loss, but it is the way that Walt Disney (NYSE: DIS) is ultimately summing up the performance of its parks, experience, and products subsidiary in its latest quarter.
Disney mentioned its iconic theme parks cranking out a "net positive contribution" or "positive net contribution" seven times in Monday afternoon's earnings call. The bar for success may seem pretty low these days if we're celebrating a segment's 85% year-over-year plunge in revenue and a nearly $2 billion crater where an operating profit historically rests. However, there's a method to the mouse's madness of math-ness. Let's break it all down.
Image source: Walt Disney.
Source Fool.com
