Will Walt Disney Stock Recover in 2023?

Will Walt Disney Stock Recover in 2023?
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Walt Disney (NYSE: DIS) stock fell 43.9% in 2022, underperforming the S&P 500's decline of 19.4%. Investors can lay some of the blame on Disney+, where spending on new content led to a $4 billion operating loss for Disney's direct-to-consumer segment in fiscal 2022 (ended Oct. 1). Disney's weak financial results led to former CEO Bog Iger coming back to take over the reins from Bob Chapek in November.