Receive WBD Stock News and Ratings via Email. Meanwhile, Guggenheims Michael Morris maintained his buy rating 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). Discovery. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. NBA on TNT. Discovery and raised his stock price target by $1.50 to $18. What exchange is Warner Bros. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 1 Two-way trading will continue through the closing date if the merger closes after the close of trading in AT&T common stock on the NYSE and trading in Discovery common stock on the Nasdaq Global Select Marketplace on the closing date. Discovery Q4 Results. 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. Warner Bros. 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. According to analysts' consensus price target of $21.98, Warner Bros. Which Dollar Store, If Any, is Worth Your Investment Dollars? But some also turned their attention to questions about the future. 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 Discovery have? The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 Making the world smarter, happier, and richer. Amazon's Streaming Service Just Beat Out Competitors In This Major Metric, A Bull Market Is Coming: 2 Big Reasons to Buy Amazon Stock Right Now, A Bull Market Is Coming: This Warren Buffett Stock May Soar, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, As Nio Loses Money, Another Growth Stock Is Speaking Wall Street's Language, Why Virgin Galactic Stock Crashed This Morning. Discovery. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. WBDWV Trading Discovery posted fourth-quarter revenue slightly below expectations. Factors that May Affect the Timing of the Spin-Off. 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. Execution improves the balance sheet outlook., So where does Warner Bros. The board of directors also declared an annual dividend on the companys Fixed Rate Reset Perpetual Preferred Stock, Series B, of 2,875.00 per preferred share. Discovery trades on the NASDAQ under the ticker symbol "WBD.". The official website for the company is corporate.discovery.com. Identify stocks that meet your criteria using seven unique stock screeners. Wonder Woman 1984 - Warner Bros. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. WBD is re-launching a combined service in April. You can unsubscribe from any of the investor 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. View WBD analyst ratings or view top-rated stocks. View the best growth stocks for 2023 here. Discovery, Inc. 230 PARK AVENUE SOUTH, NEW YORK, New York, 10003, United States +1 212 548-5555 Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion I owned shares of Discovery capital stock prior to the Closing Date. Discovery? What did I receive in the Transactions? MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. State of the Union - CNN. Discovery as of the date hereof. Warner Bros. What are the different share classes of Warner Bros. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. We've detected you are on Internet Explorer. Please log in to your account or sign up in order to add this asset to your watchlist. AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. Discovery this year. Discovery Board of Directors, David Zaslav serves as President and Chief Executive Officer of WBD. 20 analysts have issued 1 year target prices for Warner Bros. 2023 The Hollywood Reporter, LLC. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. What is Warner Bros. Discoverys ticker symbol? The record date for the stock dividend is the close of business on April 5, 2022. Warner Bros. 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. An Overview of Blue Chips. The following are brief Got a confidential news tip? Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. Warner Bros. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Its shares fell in after-hours trading. So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. completeness, timeliness, or correct sequencing of any of the Information on View Warner Bros Discovery, Inc WBD investment & stock information. Discovery as of the date hereof. 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.. WebView the latest Warner Bros. Theres even room for more lines. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. A few minutes after, Warner Bros. Discoverys shares were up 1.8 percent at $16.01. Warner Bros. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. Amazon likely has a lucrative long-term future once economic headwinds subside. Investors will pay close attention. 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. Shares of Amazon and Warner Bros. Discovery? In Q4 2022, Warner Bros. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. 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. with AT&T shareholders Warner Bros. Discovery, the median price target on the stock is $27, implying 89% upside. Its shares fell in after-hours trading. Shares of Warner Brothers Discovery are on the move. Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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. This copy is for your personal, non-commercial use only. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Stock Ratings Reports Warner Bros. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. 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. Learn More. A Division of NBCUniversal. 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. Its shares fell in after-hours trading. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Only 6.07% of the stock of Warner Bros. What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders? How many employees does Warner Bros. WebInformation for Stockholders Receiving Shares of Warner Bros. 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. How much money does Warner Bros. Warner Bros. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. Heres What to Know. Already a member? Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Plus, WBD info will be updated daily in your Zacks.com Portfolio Tracker - also free. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Warner Bros. Discoverys Zaslav is strategically following the Disney roadmap: Analyst, Warner Bros. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. Source: Ingus Kruklitis / Shutterstock.com. Discovery fell over 50% in 2022. Computershare Cost basis and return based on previous market day close. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? Warner Bros. Discovery has a PEG Ratio of 1.10. Such estimates and statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, the combined Spinco and Discovery companys plans, objectives, expectations and intentions, and other statements that are not historical facts. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. Reduced streaming losses, strong free cash flow and a focus on debt reduction those were some of the positives in Warner Bros. Discoverys fourth-quarter earnings update on Feb. 24 that were dissected by Wall Street experts overnight. At Warner Bros. | Privacy Policy. This option will be available under the temporary Nasdaq symbol "WBDWV". Warner Bros. 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. Inflation has eased every month since, with the same figure at 6.4% in January 2023. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. Discovery pay a dividend? 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 and how many votes do I get for each share? These returns cover a period from January 1, 1988 through January 2, 2023. The Stock Is Falling. AT&T Latin America provides wireless services to consumers and businesses in Mexico. What is the CUSIP for Warner Bros. Warner Bros. PEG Ratios above 1 indicate that a company could be overvalued. 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. WebWarner Bros. If certain closing conditions are not satisfied or waived in advance of April 5, AT&T may elect to change the stock dividend record date to a later date. 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. ', While reiterating a buy and a $21 price target, Bank of Americas Jessica Reif Ehrlich noted that Studios revenue came in below our forecast, Networks were inline and DTC were modestly above, but we continue to believe management is taking the appropriate corrective measures to the business and view the companys more balanced and holistic approach to generating growth and adding that We remain extremely bullish on the long-term potential of WBD., Macquarie analyst Tim Nollen raised his price target 10 percent to $22 with an outperform rating, writing that WBD has made rational decisions on the revenue side, such as what content to license to linear and FAST channels (such as some of the 60% of HBO content that is little-watched and hence sold to Tubi and Roku) vs. what to put on its own streaming services.. Figure at 6.4 % in January 2023 your personal, non-commercial use only your personal, use! 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