The Walt Disney Company (DIS), a leading American multinational entertainment and media company, made a strong recovery from the pandemic-related disruptions last year. However, the stock has plunged 32.4% year-to-date due to dismal financial performance, increased expenses for Disney+, and fears that strong inflation would continue to erode consumers' discretionary spending.
Its direct-to-consumer division (which includes Disney+) lost $887 million in the second quarter compared to the year-ago loss of $290 million.
