WebWarner Bros. Real-time analyst ratings, insider transactions, earnings data, and more. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. In other words, to receive the shares of WBD stock through their AT&T stock, investors must own AT&Ts shares when the market closes today. (844) 978-6257. NBA on TNT. Sign in to your free account to enjoy all that MarketBeat has to offer. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. 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. This is an estimated date of earnings release. An error has occurred, please try again later. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. The following are brief Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. Dividends on the common stock and Series A and Series C preferred stock are payable on May 2, 2022, to shareholders of record of the respective shares at the close of business on April 14, 2022. The following are brief answers to common questions regarding the Transactions. Discovery's stock symbol? Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Who serves on the WBD board of directors? Discovery has received a consensus rating of Buy. Discovery without a stock price target. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% The firm maintained its market perform rating on 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. All other marks contained herein are the property of their respective owners. Warner Bros. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Research, Inc. nor its Information Providers can guarantee the accuracy, Discovery Inc. Series A U.S.: Nasdaq after hours $ 15.45 WBD -0.10 -0.64% Feb 24, 2023 7:57 p.m. EST After Hours Vol. Top institutional shareholders include Newport Trust Co (2.11%), Geode Capital Management LLC (1.97%), Moneta Group Investment Advisors LLC (1.16%), Sessa Capital IM L.P. (0.97%), Norges Bank (0.85%) and Morgan Stanley (0.77%). Making the world smarter, happier, and richer. Heres What to Know. Investors will pay close attention. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. View our WBD earnings forecast. So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. Their WBD share price forecasts range from $11.00 to $40.00. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Export data to Excel for your own analysis. With the close of the pending WarnerMedia transaction expected in April, the AT&T board of directors today also declared a second quarter dividend of $0.2775 per share on the companys common stock. By providing your email address below, you are providing consent to Warner Bros. Forward-looking statements include statements regarding the Companys expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as anticipate, believe, could, continue, estimate, expect, intend, may, should, will and would or similar words. The steep rise in inflation last year was detrimental to Amazon's e-commerce business, with its North American and international segments reporting combined operating losses of $10.6 billion in fiscal 2022. Information set forth in this communication, including any financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between AT&T, Spinco, and Discovery constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Discovery pay a dividend? Discovery still has a long way to go to reach profitability. 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. House of the Dragon - HBO. Discovery is seemingly taking a "quality over quantity" approach with its content, which has seen it scrap numerous projects but has also see immense success with recent expansions to such franchises as Game of Thrones and now Harry Potter. 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. Discovery listed on? Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. But he lauded significant direct-to-consumer progress. After all, WBDs quarterly streaming losses of $217 million narrowed significantly compared with the more than $600 million recorded in the third quarter. Discovery's stock price today? Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. We've detected you are on Internet Explorer. Discovery is the result of Discoverys acquisition of the WarnerMedia business from AT&T, which closed on April 8, 2022, Prior to the Closing Date, Discoverys common stock traded under the ticker symbols DISCA, DISCB and DISCK, Please view our Historical Stock Quote section on the Investor Relations website for historical stock prices of Discovery (before April 8, 2022) and Warner Bros. 55.18% of the stock of Warner Bros. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. Warner Bros. Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. WebWarner Bros. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. The Stock Is Falling. The Motley Fool has a disclosure policy. Warner Bros. What did I receive in the Transactions? Warner Bros. Discovery and raised his stock price target by $1.50 to $18. Stock Ratings Reports The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. The Companys actual results could differ materially from those stated or implied due to risks and uncertainties associated with its business, which include the risk factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Companys most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. Inflation has eased every month since, with the same figure at 6.4% in January 2023. DALLAS, March 25, 2022 Today AT&T Inc.* (NYSE:T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&Ts interest in WarnerMedia to AT&Ts shareholders. Discovery is held by insiders. AT&T Ex-distribution Trading Invest better with The Motley Fool. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. | Privacy Policy. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Companys plans, objectives, expectations and intentions, and other statements that are not historical facts. See rankings and related performance below. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. Discovery and raised his stock price target by $1.50 to $18. Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. How can I contact Warner Bros. Discovery, Inc. (WBD) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed (-0.30%) Dow 30 -232.39(-0.71%) Nasdaq -11.44(-0.10%) Russell 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. Discovery Inc. Series A SEC filings breakout by MarketWatch. 3 days ago - Barrons Warner Bros. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. This copy is for your personal, non-commercial use only. Non-personalized ads are influenced by the content youre currently viewing and your general location. It allows the user to better focus on the stocks that are the best fit for his or her 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. Select More options to see additional information, including details about managing your privacy settings. 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. About Warner Bros. Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. I owned shares of Discovery capital stock prior to the Closing Date. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. China is aggressively locking up mines and production. Stock Quote & Chart. Stay up to date with the latest information. Amazon and Warner Bros. Discovery posted fourth-quarter revenue slightly below expectations. The P/E ratio of Warner Bros. WBDWV Trading Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. 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. Thank you for your interest and ownership in Warner Bros. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Identify stocks that meet your criteria using seven unique stock screeners. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. With a combined weighting of more than 4%, its strength in these three tickers that have much to do with the S&Ps 2023 performance. Amazon has a lot of work to do to get its e-commerce business back to profitability. The average Warner Bros. Discovery price target is $18.67, implying 79.52% upside potential. Conclusion: Should You Consider Warner Bros. Discovery Stock? I totally understand why WBD's rock-bottom P/B ratio might get some value-focused investors frothing at the mouth. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. 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. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. The company is headquartered in New York, NY. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. Warner Bros. No fractional shares of WBD common stock were issued in the merger, Computershare is your primary contact for issues and questions relating to your account, as well as to request a change of address, stock transfers, and other questions related to WBD common stock of which you are the record owner. Get short term trading ideas from the MarketBeat Idea Engine. Discovery secured the rights to J.R.R. Discovery, Inc. operates as a media and entertainment company. with AT&T shareholders A high-level overview of Warner Bros. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. 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. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. For the best Barrons.com experience, please update to a modern browser. Fourth-quarter revenue came in at $11.1 billion well short of the $11.36 billion estimates while quarterly losses came in at a total of $2.1 billion, or 86 cents per share. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). How much money does Warner Bros. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. 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. All rights reserved. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion If, during the period of two-way trading, an AT&T shareholder sells a share of AT&T common stock in the regular way market under AT&T's NYSE symbol, "T," the shareholder will be selling both the share of AT&T common stock and the right to receive shares of WBD common stock in the transaction. Discovery, Inc. Series A Common Stock (WBD) at Nasdaq.com. Warner Bros. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 WebWarner Bros. Beat Bobby Flay - Food Network. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, Discovery make? https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. Warner's recent prioritization of quality over quantity in its content is promising for its future. The latter company will trade on the Nasdaq under the symbol WBD. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. On Friday, Warner Bros. Discovery shares are the better buy right now, and a bargain at their current price. Discovery revealed in its fourth-quarter 2022 earnings call that engagement with Wizarding World Digital, responsible for e-commerce and online news concerning Harry Potter, skyrocketed 300% in the first 10 days of February. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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.. 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