3. Disney is prepared to take a big hit from Shanghai Disneyland and Hong Kong Disneyland closures

Looking outside the US, though Disney reported lower attendance at Hong Kong Disneyland Resort, during the most recent quarter Shanghai Disney Resort actually saw some growth, which was definitely a positive trend for the struggling resort. However, CEO Bob Iger had to address the current closure of both of these parks due to the Coronavirus outbreak in China, and unfortunately the news was not good. 

Right now Iger said that the company is bracing for a two month closure for Hong Kong Disneyland and Shanghai Disney Resort, which is in line from what we have been hearing elsewhere, and this will result in a $135 million loss from Shanghai and a lesser (but still significant) loss of about $40 million from Hong Kong. 

Of course, things can change and there's no way to know if planning for a two month closure is too conservative or excessive, but right now it looks like Disney is going to see some real negative effects from this unfortunately ongoing situation. 

Though there was a lot of positive news for this most recent quarter, we are eagerly awaiting Disney's next quarterly results, as we'll have more of an idea of how Star Wars: Rise of the Resistance is performing on both coasts, as well as the overall effect of the extended park closures in Shanghai and Hong Kong.