Walt Disney World Loosens Mask Criteria For Adults

Walt Disney Co DIS has removed the mask mandate and made it optional for visitors in outdoor attractions, outdoor queues and outdoor theaters at Walt Disney World Resort, beginning Aug. 19.

• Disney had made masks optional for visitors in common outdoor areas since May.
• The masks remained mandatory for visitors 2 years old and older in Disney buses, monorail, and Disney Skyliner, irrespective of vaccination status.
• Disney recently reported Q3 revenue of $17.02 billion, up 45% year over year, beating the consensus of $16.8 billion.
• The Media, Entertainment, and Distribution segment revenue grew 18% year over year to $12.68 billion. Disney’s Parks, Experiences, and Products segment revenue grew 100% Y/Y to $4.34 billion.
• DIS Price Action: Disney shares traded up by 0.33% at $176.44 at time of publication.