When a friend of mine told me she was taking her infant on a trip to Disney World, I did my best not to actively wince. A Disney trip could cost many thousands of dollars. The upside of taking a very young child to Disney is that you may not have to pay for their ticket.
It hasn't been a fun ride for shareholders of Walt Disney (NYSE: DIS). In November 2019, the business launched Disney+, its flagship streaming service that houses content that competes with the likes of Netflix, Warner Bros Discovery, Amazon Prime Video, and others. If we count all of the members in Disney's direct-to-consumer (DTC) segment, which includes Disney+ Core, Hotstar, ESPN+, and Hulu, there are 219.6 million customers.
Weak financial performance has scared investors away, but are they missing Disney's most valuable asset?