"Bob Iger is nearing the end of a multi-year comeback run as CEO and has overseen several key improvements to Disney's business. Streaming has stopped bleeding cash. The company has mapped out a major expansion pipeline for parks and experiences. ESPN is bolstering its streaming strategy as the pay-TV bundle continues to shrink. Despite this, the stock is sitting about 43% below its 2021 peak - and it could leave a dent in Iger's legacy."
"During Iger's 15-year first run as CEO, which ended in 2020, Disney's stock surged as he transformed the company through acquisitions - Pixar, Marvel, and Lucasfilm - that powered its movies, TV shows, consumer products, and parks. The introduction of the streaming service Disney+ in 2019 set off a growth narrative that saw the stock reach its all-time high of $198.60 in March 2021."
""Disney was the one stock in media that you could compare to everyone else," longtime Bank of America analyst Jessica Reif Ehrlich said, referring to the broader market. "This is the lowest relative valuation it's had in more than 40 years.""
Bob Iger has delivered operational progress: streaming has stopped burning cash, parks and experiences have a major expansion pipeline, and ESPN is pushing a streaming strategy as pay-TV contracts shrink. Despite these improvements, Disney's stock sits roughly 43% below its March 2021 peak and could affect Iger's legacy. Disney+ launched in 2019 and helped the stock hit an all-time high of $198.60 in March 2021 after acquisitions like Pixar, Marvel, and Lucasfilm fueled growth. Since Iger's return, Disney is up about 24% while the S&P has risen roughly 75%, and major competitors have shown widely divergent stock performance.
Read at Business Insider
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