Walt Disney's Financial Performance in the Upcoming Years

The Walt Disney Company
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The Walt Disney Company
Before the COVID-19 pandemic, The Walt Disney Company had a steady flow of revenues. As such, the corporation made a profit consistently. However, in 2020, The Walt Disney Company experienced a loss of $2.86 billion (Stoll, 2021). With the introduction of new products and services, the company will likely recover from its losses by the end of this financial year.
In reality, The Walt Disney Company’s profit had been growing steadily over time before 2020. As described in the initial paragraph, the firm made a loss in 2020. The consumption of the company’s products and services declined since many people were adversely affected financially by coronavirus. Besides, some of the rules implemented, such as physical distancing and the closure of gathering places, contributed to the less consumption of The Walt Disney Company’s products and services.
Before the COVID-19 pandemic, The Walt Disney Company’s expenses were decreasing gradually. Nevertheless, the costs increased in 2020 due to the high production and programming costs (The Walt Disney Company, 2021). The firm is recovering from the adverse effects of coronavirus due to the increase of subscribers for its streaming services.
The Walt Disney Company is in a position to pay its bills adequately. Moreover, the company raised about $11 billion at the end of 2021 to strengthen its financial position by repaying its outstanding debt (Goldsmith, 2...