Bob Chapek is pivoting toward profitability even as he continues to prepare The Walt Disney Co. for an uncertain digital future.

With the company’s shares falling Wednesday after it missed Wall Street estimates (but added more Disney+ subscribers than anticipated), Chapek took the stage at the Paley Center for Media in New York, where he addressed the maneuvering company’s most important short-term: Turn Disney+, and streaming in general, into a profitable business.

“Our investor base has a growing desire to make sure there’s something there, to get something out of it,” Chapek said, adding that while the company is making a long-term investment in Disney+ to make it “the hub,” of the Disney lifestyle, in “the short term, our…