Neither AT&T nor Discovery is under any obligation, and each expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Get short term trading ideas from the MarketBeat Idea Engine. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Theres even room for more lines. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. House of the Dragon - HBO. completeness, timeliness, or correct sequencing of any of the Information on In all cases, investors should consult with their financial and tax advisors regarding the specific implications of selling shares of their AT&T common stock or the right to receive shares of WBD common stock on or before the closing date of the WarnerMedia-Discovery transaction. In-depth profiles and analysis for 20,000 public companies. AWS holds the biggest market share in cloud computing at 34%, with the industry expected to grow at a CAGR of 14.1% through 2030. Cost basis and return based on previous market day close. Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. To make the world smarter, happier, and richer. Discovery without a stock price target. The Company offers audiences the differentiated and complete portfolio of content, brands, and franchises across television, film, streaming, and gaming in approximately 220 countries and territories and 50 languages. The estimated market cap for contact@marketbeat.com The consensus among Wall Street analysts is that investors should "buy" WBD shares. Evercore ISI has placed a price target on the stock of $40. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. 5 Hypergrowth Stocks With 10X Potential in 2023, the day before the transaction officially, 7 Smart Stock Picks for Cautious Investors, Louis Navellier and the InvestorPlace Research Staff, Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Cathie Wood Is Betting Big on These 5 AI Stocks, Dear MULN Stock Fans, Mark Your Calendars for March 7. Such statements are based upon the current beliefs and expectations of the management of AT&T and Discovery and are subject to significant risks and uncertainties outside of our control. Warner Bros. Holders of Discovery capital stock as of immediately prior to the Transactions owned approximately 29% of the outstanding shares of WBD common stock 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. Discovery (NASDAQ:WBD) has a market capitalization of $37.03 billion and generates $33.82 billion in revenue each year. 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. The Motley Fool has a disclosure policy. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Billions could be poured into exploration companies searching for new U.S. deposits. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. Discovery posted fourth-quarter revenue slightly below expectations. Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. 2023 CNBC LLC. 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 Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Get daily stock ideas from top-performing Wall Street analysts. On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Following close of the transaction, AT&T shareholders will continue to hold, along with their new shares of WBD common stock, the same number of shares of AT&T common stock they held immediately prior to close. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Discovery. The scores are based on the trading styles of Value, Growth, and Momentum. Discovery (NASDAQ: WBD) when the stock went public last April. Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. Finally, Tsfg LLC bought a new stake in shares of Warner Bros. One share of WBD stock can currently be purchased for approximately $15.25. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. The following are brief The firm maintained its market perform rating on Warner Bros. Wells Fargo analyst Steven Cahall stuck to his equal weight rating on the companys stock with a $13 price target. Immediately following this spin-off, the WarnerMedia Spinco shares will be exchanged for stock representing approximately 71% of the new WBD on a fully diluted basis. Factors that May Affect the Timing of the Spin-Off. See the Full List of Stocks To Beat Earnings. Warner Bros. Stock Ratings Reports An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Identify stocks that meet your criteria using seven unique stock screeners. 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%). While direct-to-consumer (DTC) fourth-quarter losses came in much better, we also must acknowledge networks earnings before interest, taxes, depreciation and amortization (EBITDA) declined by 9 percent both in the fourth quarter and full year 2022. AT&T Latin America provides wireless services to consumers and businesses in Mexico. Research, Inc. nor its Information Providers can guarantee the accuracy, This transaction is expected to be completed between April 12 and the end of the month. 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. Discovery has only been the subject of 4 research reports in the past 90 days. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Zacks Ranks stocks can, and often do, change throughout the month. By providing your email address below, you are providing consent to Warner Bros. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. Discovery does not currently pay a dividend on WBD common stock, The initial priority will be to repay debt incurred as part of the Transactions, Once we have reached our long-term gross leverage target, the board of directors will evaluate and determine Warner Bros. Discoverys capital allocation priorities, Warner Bros. Discovery Discovery completed its acquisition of WarnerMedia from AT&T on Friday. 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. Shares of Amazon and Warner Bros. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Discovery this year. Discovery Q4 Results. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. So, is Amazon or Warner Bros. Discovery's stock is owned by a number of retail and institutional investors. Warner Bros. 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. On Friday, Warner Bros. Its shares fell in after-hours trading. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Discovery Reports Revenue Miss Shares fell 2.7% to $15.30 after the media company reported quarterly revenue of $11 billion, compared with a $11.2 billion Wall Street consensus. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. What is Warner Bros. Discoverys ticker symbol? We use cookies to understand how you use our site and to improve your experience. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. Discovery, Inc. to send you the requested investor email alerts. NYSE and AMEX data is at least 20 minutes delayed. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. At the close of business on April 8, 2022, AT&T completed However, many companies still have a long road to recovery after a challenging year. Sign up below to get this incredible offer! Volume today is low. Earnings for Warner Bros. Discovery stock right now? Two-Way Trading for AT&T Stock Expected to Begin on April 4. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. 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. All rights reserved. Discovery's stock the better buy? Wonder Woman 1984 - Warner Bros. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. We have been chosen as the exclusive connectivity provider for Lucid's full line of electric vehicles (EVs) shipped in the U.S., Canada and Mexico. 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. AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. Amazon and Warner Bros. 1125 N. Charles St, Baltimore, MD 21201. Got a confidential news tip? The company had reported earnings of 8 cents in the year-ago quarter. Discovery Announce Plans To Exit RSNs; Added With Bally Sports Puts Two-Thirds Of MLB On Edge, Warner Bros. Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. Discovery? Sign up for THR news straight to your inbox every day. Mr. Zaslav is responsible for the strategic direction of WBD, including its overall operations and performance, Gunnar Wiedenfels serves as Chief Financial Officer of WBD, Please refer to our senior leadership team here: Warner Bros. Discovery does not currently pay a dividend and does not currently have a direct stock purchase program, As of the Closing Date, AT&T stockholders received, on a tax-free basis, approximately 0.241917 shares of WBD common stock for each share of AT&T common stock held as of the record date, Cash was delivered to AT&T stockholders in lieu of fractional shares of WBD common stock, The exact number of shares of WBD common stock received by AT&T stockholders for each share of AT&T common stock was determined based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding, on a fully diluted, as-converted and as-exercised basis, immediately prior to the effective time of the Transactions, The number of shares of AT&T common stock you held was not affected by the closing of the Transactions, Discovery stockholders did not directly receive any consideration in the Transactions, Prior to the effective time of the Transactions, all shares of Discovery Series A common stock, Discovery Series B common stock, Discovery Series C common stock, Discovery Series A-1 preferred stock and Discovery Series C-1 preferred stock issued and outstanding or held by Discovery as treasury stock immediately prior to the effective time of the Transactions were reclassified and automatically converted into WBD common stock, All shares of WBD common stock issued in the reclassification were issued in book-entry form, Immediately after the Transactions, Discovery stockholders owned shares in WBD, which includes the WarnerMedia business, The distribution record date for AT&T stockholders was April 5, 2022, and ownership was determined as of 5:00pm New York City time, on that date, No distribution record date was established for Discovery stockholders as existing shares of Discovery capital stock were reclassified and automatically converted into shares of WBD common stock on the Closing Date, For AT&T stockholders: The distribution and the merger were a Reverse Morris Trust-type transaction and are expected to be tax-free to AT&T stockholders for U.S. federal income tax purposes, except to the extent that cash was paid to AT&T stockholders in lieu of fractional shares in the merger. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. What did I receive in the Transactions? There may be delays, omissions, or inaccuracies Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Warner Bros. Warner Bros. 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. Copyright Who is on the senior management team of Warner Bros. How can I contact Warner Bros. What is the market capitalization of Warner Bros. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Box 43006 According to analysts' consensus price target of $21.98, Warner Bros. PEG Ratios above 1 indicate that a company could be overvalued. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. 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. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Executive Vice President & General Counsel. Inflation has eased every month since, with the same figure at 6.4% in January 2023. A high-level overview of Warner Bros. * indicates the important links in the menu. Warner Bros. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. 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. Subscribe for full access to The Hollywood Reporter. Discovery fell over 50% in 2022. Sign in to your free account to enjoy all that MarketBeat has to offer. Copyright 2023 InvestorPlace Media, LLC. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. You can sign up for additional alert options at any time. Does Warner Bros. Toll free phone within the U.S. and Canada: +1 877-453-1510, Direct dial outside the U.S. and Canada: +1 781-575-4236. Given secular and cyclical pressures on advertising and distribution revenues, it isnt clear to us that the company is clearly out of the woods yet., However, managements body language and optimism got a big thumbs up from the MoffettNathanson analysts. Warner Bros. AT&T Ex-distribution Trading Heres What to Know. If you choose to Reject all, we will not use cookies for these additional purposes. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, and, when we are at our best, inspires. 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. 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. WebOur 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. Zacks Rank Education -- Learn more about the Zacks Rank Information Providers, or gathered by Zacks Investment Research, Inc. from Over the next several weeks and months, the Warner Bros. On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Its worth noting that among 19 analysts who cover Warner Bros. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. About the company. Discovery's investor relations website at https://ir.wbd.com . Visit Performance Disclosure for information about the performance numbers displayed above. quotes delayed at least 15 minutes, all others at least 20 minutes. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). 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. Warner Bros Discovery Inc does not currently pay a dividend. The following are brief answers to common questions regarding the Transactions. Neither Zacks Investment 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. WebInformation for Stockholders Receiving Shares of Warner Bros. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. How good is it? Their WBD share price forecasts range from $11.00 to $40.00. The latter company will trade on the Nasdaq under the symbol WBD. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Discovery and raised his stock price target by $1.50 to $18. Discovery's next earnings date? On Feb. 10, Warner Bros. All rights reserved. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion Warner Bros. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. Discovery secured the rights to J.R.R. Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. If you experience any issues with this process, please contact us for further assistance. How many employees does Warner Bros. Warner Bros. It all happens at the free AI Super Summit. What are the different share classes of Warner Bros. Discovery still has a long way to go to reach profitability. 2023 InvestorPlace Media, LLC. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Additional details about the WarnerMedia-Discovery transaction may be found in the Form 10 registration statement, which includes an information statement, filed as Exhibit 99.1, by the WarnerMedia Spinco entity, Magallanes, Inc., which is available athttp://www.sec.gov. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% WebWarner Bros. Discovery? 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. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Please log in to your account or sign up in order to add this asset to your watchlist. Discovery stand now? Warner Bros. Visit www.zacksdata.com to get our data and content for your mobile app or website. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Discovery, Inc. (WBD) for each share of AT&T common stock. You must click the activation link in order to complete your subscription. The Zacks Rank has been called the Billion Dollar Secret. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Discovery and how many votes do I get for each share? Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. Discovery (starting from April 11, 2022), Warner Bros. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. Its shares fell in after-hours trading. 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. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Warner Bros. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. WebFind the latest dividend history for Warner Bros. 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. 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. 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. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. To see all exchange delays and terms of use please see Barchart's disclaimer. Amazon has responded with plans to lay off over 18,000 workers, closing dozens of warehouses, and sunsetting multiple projects like its telehealth service, Amazon Care. What is Warner Bros. I owned shares of AT&T common stock prior to the Closing Date. Warner Bros. 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.

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