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?
If you can look past short-term troubles and identify stocks with long-term potential, you can produce solid investment results. Disney has a lot to figure out. The company's parks and cruises are doing well, so much so that Disney will double its capital investments over the next decade to $60 billion.