Even as the epidemic subsides, Disney stock ( NYSE:DIS ) is still down 37% year to date as the company seeks to recoup its losses. The corporation has made considerable modifications to its business model, including a strong push into the streaming market.
In the most recent quarter, Disney surpassed Netflix in terms of streaming subscriptions. Furthermore, the company’s park business increased, indicating that people are returning.
For decades, Disney has been a dominant influence in the entertainment business. Let’s see what the future holds for the firm and its investors.
Disney Stock: A Stock market Crash
With the S&P 500 and Nasdaq Composite down 23% and 33%, respectively, since the beginning of the year, it’s evident that Disney’s stock ( NYSE:DIS ) price has been pulled down mostly by the broader market slump. Companies in various sectors have suffered due to increasing inflation, interest rates, and geopolitical reasons.
In 2022, the stock price of Netflix has dropped more than 50% , while Comcast’s has dropped 40%. Investors are worried about the streaming business as a whole, fearing that entertainment subscriptions would be the first to go if consumers cut down on discretionary spending.
Investors are concerned about Disney stock ( NYSE:DIS ) near future due to macroeconomic reasons and the expensive streaming business. However, after its disappointing second-quarter results, the firm has taken steps to right the ship; investors may only need to wait for those improvements to take effect.
Is Disney Stock a Good Inv...
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