They are heavily invested in DTC which took a big chunk of t...

They are heavily invested in DTC which took a big chunk of the net income. This is why you see the Cost-Of-Revenue much higher.
We gave a pass to $NFLX for many many years but for some reason is a big L for $DIS even though it's just been 4 years.
The good news is you do see the Revenue increase as well.
Iger's plan is to cost-cut movies and Disney+/Hulu (Focusing on quality vs. quantity) while having a big partnership with ESPN (Had talks with Amazon, Apple, and Verizon). This should clear their path to profitability very soon.