Warner Bros Discovery CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening the door to industry consolidation, he said on Thursday.

Warner Bros. Discovery reached 110 million global streaming subscribers and $268 million in earnings in Q3, putting it on pace for sustained profits.

"Your company is trading like a company that's declining in earnings," said Ben Swinburne, a media-industry analyst with Morgan Stanley during a call between Warner Bros. Discover

Warner Bros. Discovery's Max serves fewer ads per hour compared to other streaming platforms.

Warner Bros. Discovery under the guiding hand of CEO David Zaslav has made a series of puzzling decisions that seem antithetical to meeting fan demands. Key among its highlight reel of letdowns include unceremoniously canceling daring animated show Scavengers Reign and scrapping the completed Batgirl film for tax write-offs.

"Inconsistency" was the word of the day today during the Warner Bros. Discovery earnings. CEO David Zaslav acknowledged that the company's film business has been hit-or-miss lately, with Joker: Folie à Deux in particular being "disappointing".