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TUGrad t1_j6l53an wrote

"Revenue was up 36% and profits more than doubled from the previous fiscal year. And both revenue and operating profits are above what the company posted in fiscal year 2019, before the pandemic, with a 12% rise in revenue and a 10% gain in earnings."


Adaun t1_j6myjqt wrote

This is true. Also incredibly misleading. Profits more than doubled…to roughly 1/6 of what they were before the pandemic…or 1/3 if you use 2015 as a base.

Also, that’s before adjusting for inflation.

I’m not advocating for Disney’s business practices, (here or in general) but they fired their CEO for a reason. The reason is that the numbers suck.