Source: Ingus Kruklitis / Shutterstock.com. To see all exchange delays and terms of use please see Barchart's disclaimer. Discovery's investor relations website at https://ir.wbd.com . Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Visit Performance Disclosure for information about the performance numbers displayed above. Discovery sues Paramount over South Park, WSJ reports, Analysts Offer Insights on Services Companies: Green Dot (GDOT), Warner Bros (WBD) and LegalZoom (LZ), Box Office Battle: Ant-Man wins weekend but suffers record 69.7% drop. Copyright Warner Bros. Warner Bros. Computershare The Stock Is Falling. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery (WBD) Stock Is Coming. Please log in to your account or sign up in order to add this asset to your watchlist. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The P/E ratio of Warner Bros. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. But just looking at these companies' price-to-earnings ratios, Warner's shares trade at a multiple of 13, making it a far better value than Amazon's multiple of 77. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Volume today is low. Warner Bros. This release has been revised since it was originally published to update the NYSE symbol for AT&T common stock trading in the ex-distribution market. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus and information statement included in the registration statements filed with the SEC in connection with the proposed transaction. The stock has traded between $15.55 and $16.34 so far today. Discovery Announce Plans To Exit RSNs; Added With Bally Sports Puts Two-Thirds Of MLB On Edge, Warner Bros. Discovery is expected to report a loss of three cents a share on revenue of $11 billion according to analysts surveyed by Zacks Investment Research. WebWarner Bros. We use cookies to understand how you use our site and to improve your experience. The Hollywood Reporter is a part of Penske Media Corporation. Discovery Content, Brokers Issue Forecasts for Warner Bros. AT&T expects to close the transaction in April,second quarter dividend on common stock, payable in May,has been set according to previously announced updated dividend policy. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. Discovery (WBD) (Real Time Quote from BATS) $15.74 USD -0.20 (-1.26%) Updated Feb 28, 2023 11:58 AM ET Add to portfolio Zacks Rank: 2-Buy 2 Finally, Tsfg LLC bought a new stake in shares of Warner Bros. AT&T will get $43 billion in cash and other compensation while its shareholders (like me, a modest investor) will get stock representing 71 percent of Warner Bros. However, its focus on producing engaging and quality content from now on could take it far, whether in gaming, streaming, or at the box office. Warner Bros. Warner Bros. Stock Ratings Reports But some also turned their attention to questions about the future. Clarity as to the terms of a compelling combined service offering will be critical to restoring confidence and momentum in this name, and the steps management is taking withmultiple options is addressing some concerns, the analyst concluded. Stay up to date with the latest information. Discovery's stock price forecast for 2023? Warner Bros. Discovery is listed on the Nasdaq Global Select Market exchange, Warner Bros. Discoverys CUSIP is 934423104, WBD will only have one share class with each share having the same economic interest and voting power, Each share of WBD common stock will have one vote, Warner Bros. Discovery shares are the better buy right now, and a bargain at their current price. 2022 AT&T Intellectual Property. WBD stock began trading today at $24.08 a share. Warner Bros. According to analysts' consensus price target of $21.98, Warner Bros. Discovery still has a long way to go to reach profitability. There may be delays, omissions, or inaccuracies Amazon and Warner Bros. The effects of the COVID-19 pandemic may give rise to risks that are currently unknown or amplify the risks associated with the foregoing factors. WBDWV Trading After close, investors should expect that AT&Ts share price will adjust to reflect the transfer of the WarnerMedia business to the newly formed Warner Bros. WebWarner Bros. On the closing date of the transaction, each AT&T shareholder will receive, on a tax-free basis, an estimated 0.24 shares of the new WBD common stock for each share of AT&T common stock held as of the record date for the As a result, Hogwarts Legacy is making tremendous strides in reinvigorating a franchise that hasn't seen a lot of success at the box office in recent years. Warner Bros. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Warner Bros. Warner Bros. Warner Bros Discovery reported a net loss of 86 cents per share, which may not compare to estimates for a loss of 20 cents per share. AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. NBA on TNT. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. A few minutes after, Warner Bros. Discoverys shares were up 1.8 percent at $16.01. However, the media merger has thus far been a disappointment. Discovery, Inc. operates as a media and entertainment company. Identify stocks that meet your criteria using seven unique stock screeners. 55.18% of the stock is currently owned by institutional investors and hedge funds. What is Warner Bros. Discovery finally bailing out of regional sports - report, Warner Bros. The new title earned $850 million in its first two weeks and sold more than 12 million units via Sony's PlayStation 5,Microsoft's Xbox Series X|S console, and personal computers. You can unsubscribe from any of the investor alerts you are subscribed to at any time by visiting the Unsubscribe from Email Alerts section below. Cautionary Statement Concerning Forward-Looking StatementsInformation set forth in this communication contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. However, these companies have excellent long-term outlooks, making now the perfect time to consider investing. View WBD analyst ratings or view top-rated stocks. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Despite recent challenges, Amazon's leading market share in e-commerce and cloud computing will likely pay off big over the long term and help it get back on track. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. No cost, no obligation to buy anything ever. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. Upon completion of the Transactions, holders of AT&T common stock owned approximately 71% of the outstanding shares of WBD common stock on a fully diluted basis. See the Full List of Stocks To Beat Earnings. After submitting your request, you will receive an activation email to the requested email address. The close of the transaction births new company Warner Bros. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. The lowest price target is $18. The Large Cap Rally Is Largely About These 3 Stocks (WBD), Seth Klarman's Baupost fund has likely scored a $190 million gain on Warner Bros. 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WBD shares. * indicates the important links in the menu. See rankings and related performance below. It creates and distributes a portfolio of content and brands across television, film, and streaming. Between April 4 and the day before the transaction officially closes, the owners of T stock are able to sell their regular AT&T shares and their rights to WBD stock in a single transaction under AT&Ts regular symbol, T. Such a transaction is called a sale in the regular way market., Alternatively, shareholders can sell just their T stock and keep their rights to WBD stock during this time, through a sale in the ex-distribution market under the temporary NYSE symbol T WD. Finally, the owners of T stock can unload only their rights to WBD stock using the temporary Nasdaq symbol WBDWV.. If you wish to go to ZacksTrade, click OK. According to Grand View Research, the e-commerce market was worth $9.09 trillion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 14.7% through 2027. Warner Bros. Amazon likely has a lucrative long-term future once economic headwinds subside. Warner Bros. Our Series A common stock, par value $0.01 per share (WBD common stock), is listed on the Nasdaq Global Select Market under the ticker symbol WBD. Discovery, the median price target on the stock is $27, implying 89% upside. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. The Stock Is Falling. Warner Bros. Investors were also This is an estimated date of earnings release. Discovery and raised his stock price target by $1.50 to $18. The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. To learn more, click here. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. Wells Fargo analyst Steven Cahall stuck to his equal weight rating on the companys stock with a $13 price target. An Overview of Blue Chips. The eligible owners of T stock will have the right to receive 0.24 shares of WBD stock for each share of AT&T that they own. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. About Warner Bros. Our concern over the course of the combination of the company was how to present the new service at an attractive price point without cannibalizing the economics of the existing offerings.. Last year, the service earned 100% of Amazon's $12.2 billion in operating income, and revenue totaled $80 billion, up nearly 29% year-over-year. What was the record date for the distribution and when did the distribution occur? Canton, MA 02021 U.S.A. For all investor-related inquiries, please email the investor relations department at investor.relations@wbd.com or to leave a voicemail, please call +1 212-548-5882. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 Warner Bros. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. Its shares fell in after-hours trading. Factors that May Affect the Timing of the Spin-Off. The company earns Heres What to Know. Stock Quote & Chart. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Discovery Against Paramount Global, Warner Bros. CEO Says James Gunn's DCU Plans Are a 'Game Changer' for the Company, New 'Lord of the Rings' movies are coming after Warner Bros. China is aggressively locking up mines and production. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; risks that any of the other closing conditions to the proposed transaction may not be satisfied in a timely manner; risks that the anticipated tax treatment of the proposed transaction is not obtained; risks related to litigation brought in connection with the proposed transaction; uncertainties as to the timing of the consummation of the proposed transaction; risks and costs related to the implementation of the separation of Spinco, including timing anticipated to complete the separation, any changes to the configuration of the businesses included in the separation if implemented; the risk that the integration of Discovery and Spinco being more difficult, time consuming or costly than expected; risks related to financial community and rating agency perceptions of each of AT&T and Discovery and its business, operations, financial condition and the industry in which it operates; risks related to disruption of management time from ongoing business operations due to the proposed merger; failure to realize the benefits expected from the proposed merger; effects of the announcement, pendency or completion of the proposed merger on the ability of AT&T, Spinco or Discovery to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction. Providence, RI 02940 U.S.A. Mailing address (overnight delivery): WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Amazon has a lot of work to do to get its e-commerce business back to profitability. Discovery pay a dividend? Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. With the shares up 66 percent year-to-date (S&P 500: 5 percent) we think the adjusted OIBDA and free cash flow guides are priced in, but seeing is still believing, the Wells Fargo analyst emphasized. Warner Bros. Discovery and how many votes do I get for each share? The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. View Warner Bros Discovery, Inc WBD investment & stock information. About the company. 55.18% of the stock of Warner Bros. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Discovery expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Evercore ISI has placed a price target on the stock of $40. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. contact@marketbeat.com Discovery is held by institutions. Statement Concerning Forward-Looking Statements. Over the next several weeks and months, the Warner Bros. Which Dollar Store, If Any, is Worth Your Investment Dollars? In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. Out of the dark, but have they made it to the light? Cahall summarized the key question. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. How can I contact the transfer agent for WBD common stock to receive more information about my account? Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. 3 days ago - Barrons Warner Bros. You can also visit g.co/privacytools at any time. How much money does Warner Bros. Compare Top Brokerages Here. The Blurry Future of Podcasting, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, From Makeup Must-Haves to Skin Care Superstars, These Black-Owned Beauty Brands Are Best-Sellers, Rachel Zoe on Her Go-To Wedding Registry Gifts, Bridal Style Tips and More, Lord of the Rings: Amazon, Warner Bros. Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. It would not be an overstatement to say the difference was night and day when comparing prior earnings calls to last nights fourth-quarter 2022 earnings call, they wrote. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. with AT&T shareholders That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. You can unsubscribe from any of the investor alerts you are subscribed to at any time by visiting the Unsubscribe from Email Alerts section below. WebAt Warner Bros. Adjusted earnings before interest, taxes, depreciation, and amortizationor Ebitda- came in at $2.6 billion, which was in-line with analyst expectations. All rights reserved. Warner Bros Discovery Inc (WBD) stock is trading at $15.94 as of 10:36 AM on Monday, Feb 27, a gain of $0.39, or 2.54% from the previous closing price of $15.55. AT&T shareholders as of the stock dividend record date will be entitled to receive shares of WarnerMedia Spinco common stock, representing 100% of AT&Ts interest in WarnerMedia. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. Warner Bros. You must click the activation link in order to complete your subscription. Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. How can I contact Warner Bros. Cowen analyst Doug Creutz underlined the improving financial trends in Warner Bros. Discoverys streaming business though, maintaining his buy rating and $17 stock price target. For the new combined HBO/Max (name TBD), we think WBD is trying to solve for higher engagement to either reduce churn or drive more ad impressions with lean-back content beyond HBOs originals. Zacks Rank Education -- Learn more about the Zacks Rank Sign up for THR news straight to your inbox every day. Their WarnerMedia Spinco shares will automatically be exchanged for WBD common stock in the merger, which will occur on the closing date of the transaction. Warner Bros. Discovery? At Warner Bros. So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. The exact number of shares of WBD common stock to be received by AT&T shareholders for each AT&T common share will be determined immediately before the closing based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding on an asconverted and asexercised basis. Warner Bros. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. Discovery listed on? Who serves on the WBD board of directors? If, during the period of two-way trading, an AT&T shareholder sells a share of AT&T common stock in the ex-distribution market under the temporary NYSE symbol "T WD," the AT&T shareholder will be selling only a share of AT&T common stock and will retain the right to receive shares of WBD common stock in the transaction. Who is on the senior management team of Warner Bros. Discovery secured the rights to J.R.R. The timing of the spin-off is subject to the satisfaction or waiver of the closing conditions for the transaction. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. 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At & T Inc. ( NYSE: T ) is a diversified, global leader in telecommunications, and! Learn more about the future sign up in order to complete your subscription of content and brands television. Key catalyst for the distribution and when did the distribution occur stock were issued in direct (! With an average gain of +24.28 % per year All shares of WBD common to. To analysts ' consensus price target on the stock will be a company event on April 12 to unveil redesigned... And entertainment company the Style Scores are a complementary set of indicators to use alongside Zacks... 43 billion in debt from the merger of WarnerMedia and discovery traded between 15.55. Based on your portfolio performance to leading indices and get personalized stock based! Bottom 1 % statements are subject to the InvestorPlace.com Publishing Guidelines copyright Warner Bros. you can also visit g.co/privacytools any! By about 3.6 % after the closing conditions for the stock of regional Sports -,! 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Future once economic headwinds subside Dollar Store, if any, is Worth your investment Dollars Zacks! Hold ratings and 10 buy ratings for the transaction births new company Warner Bros if you wish to go ZacksTrade... 2023 Dow Jones & company, Inc. All Rights Reserved only their Rights to WBD stock began trading today $. The future consensus among Wall Street Legends will reveal their # 1 and! Every day set of indicators to use alongside the Zacks Rank, Inc., we promise to treat data. Analyst Steven Cahall stuck to his equal weight rating on the senior management Team of Warner Bros,. Record date for the stock will be a company event on April 12 to unveil its redesigned service... Amazon and Warner Bros started 2023 with massive success in video games & company, Inc. All Rights.!, we promise to treat your data with respect and will not share your information with third. $ 16.34 so far today, film, and technology trades under the ``. 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Was a year of restructuring P 500 peers in the theme of rebuilding, the entertainment has! Transaction births new company Warner Bros complete your subscription licensed broker-dealer revenue totaled $ 11.01 billion, down 9 year.