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 th...

Listen, I’m still a noob and my approach is unsophisticated, but I don’t see why Disney wouldn’t be a really good buy.
Of course, I’m an idiot so this is purely based on the eye test.
You see all these recognizable stocks that have rallied a ton this year. It seems like every stock under the sun has seen 20%+ rises. Meanwhile, Disney is sitting at a nearly 5-year low.
I’m simple man. I think: Disney has massive brand recognition and is a true cornerstone...