Warner Bros. Discovery CEO David Zaslav’s Dilemma: Be Wall Street’s Superhero or Hollywood’s? | Analysis

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The chief executive says he’s focused on long-term quality, but then the company’s stock dropped 14%

David Zaslav Hero and Villain
David Zaslav Hero and Villain

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.