Why Is Everyone Talking About Disney Stock?
Walt Disney (NYSE: DIS) entered calendar 2020 with media networks and theme parks comprising most of its annual revenue. But during the pandemic, Disney's parks, experiences, and products segment reported more than $3 billion in operating losses, which is quite a blow for a segment that contributed $6.7 billion in operating profit in fiscal 2019.
All said, Disney's stock chart over the last year looks like the Big Thunder Mountain ride at Disney World, but the worst appears to be over. One analyst believes that Disney's streaming services, including Hulu, ESPN+, and Disney+, will exceed Netflix (NASDAQ: NFLX) in total subscribers by 2023. If that happens, Disney's share price could have much more upside over the next five years, after delivering a decent 21% return on investment over the last 12 months.
Image source: Walt Disney.
Source Fool.com
