Disney Hits 9-Year Low

Disney stock has reached a nine-year low despite a decrease in total revenue for the third quarter of 2023. Revenue for the company’s direct-to-consumer products increased, but an operating loss was reported. Although Disney+ subscriber numbers fell below expectations, the core member numbers slightly grew. CEO Bob Chapek’s leadership has seen the Parks and Resorts division grow internationally. With Chapek at the helm, Disney is facing the challenges of the pandemic with creative solutions and resilience.