Disney cautioned investors on its fourth-quarter earnings call that the Hong Kong protests could cost the company $275 million in operating profit next year.
The media conglomerate is projecting operating income will fall $80 million at Hong Kong Disneyland during the first quarter of 2020 alone.
Warning - Protests - Months - Hong - Kong
The warning comes as widespread protests over the last several months have thrust Hong Kong into its first recession in a decade.
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Months - Protests - Hong - Kong - Spill
If months of protests in Hong Kong spill over into 2020, Disney says it could absorb a $275 million hit to its operating income.
The media conglomerate said operating profit fell $55 million at Hong Kong Disneyland in the fourth quarter amid mass pro-democracy protests. The losses offset growth at Disneyland Paris and the Shanghai Disney Resort, CFO Christine Mary McCarthy said on Disney's most recent earnings call.
Circumstances - Hong - Kong
"Circumstances in Hong Kong have led to...
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