Warner Bros. Discovery CEO David Zaslav demonstrated on Thursday that he’s stuck on the horns of a dilemma that is the fate of a contemporary entertainment mogul: He wants to satisfy Wall Street and be beloved in Hollywood.
Can he be both?
After an uninspiring first earnings report that missed Wall Street analysts’ expectations by nearly $2 billion and caused the stock to drop as much as 14% after market close, Zaslav explained that he’s focused on long-term quality rather than short-term gain.
“We think that we could build a long-term, much stronger growth business out of DC,” Zaslav said during the earnings call.