How can I contact 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. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 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. The Stock Is Falling. 326 E 8th St #105, Sioux Falls, SD 57103 Compare Top Brokerages Here. 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. Amazon and Warner Bros. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Earnings for Warner Bros. The Motley Fool has a disclosure policy. 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. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Only 6.07% of the stock of Warner Bros. Billions could be poured into exploration companies searching for new U.S. deposits. Discovery. 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. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. 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. 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 Computershare
Moreover, Warner Bros. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. One share of WBD stock can currently be purchased for approximately $15.25. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. According to analysts' consensus price target of $21.98, Warner Bros. WBD stock began trading today at $24.08 a share. 3 days ago - Barrons Warner Bros. Shares of Warner Brothers Discovery are on the move. On average, they anticipate the company's stock price to reach $21.98 in the next twelve months. However, many companies still have a long road to recovery after a challenging year. 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. 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. Sign up for THR news straight to your inbox every day. WebWarner Bros. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. House of the Dragon - HBO. Discovery? WebWarner Bros. with AT&T shareholders We've detected you are on Internet Explorer. Warner Bros. Discoverys ticker symbol is WBD. 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. Dani Cook has no position in any of the stocks mentioned. You should consult your tax advisor as to the consequences of the Transactions to you, including the applicability and effect of any U.S. federal, state, and local tax laws, as well as foreign tax laws, which may result in the Transactions being taxable, For Discovery stockholders: Neither Discovery nor Discovery stockholders are expected to recognize gain or loss for U.S. federal income tax purposes upon the completion of the Transactions. Discovery, Inc. (WBD) stock. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. During the two-way trading period, an AT&T shareholder also has the option of selling the right to receive shares of WBD common stock while retaining shares of AT&T common stock. Source: Ingus Kruklitis / Shutterstock.com. Identify stocks that meet your criteria using seven unique stock screeners. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Discovery (NASDAQ: WBD) when the stock went public last April. Year-over-year quarterly sales growth most recently was 211.8%. It all happens at the free AI Super Summit. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. After submitting your request, you will receive an activation email to the requested email address. 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. But some also turned their attention to questions about the future. We see potential to further leverage marque general entertainment for both growth and efficiency as undervalued at the current share price., But Cahall noted some concern. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. What is Warner Bros. What did I receive in the Transactions? 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. 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. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. See the Full List of Stocks To Beat Earnings. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. For the best Barrons.com experience, please update to a modern browser. Discovery's investor relations website at https://ir.wbd.com . Over the next several weeks and months, the Warner Bros. 20 analysts have issued 1 year target prices for Warner Bros. Get short term trading ideas from the MarketBeat Idea Engine. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Discovery make? All rights reserved. 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. All Rights Reserved. Warner Bros. Its shares fell in after-hours trading. Discovery does not currently pay a dividend. Does Warner Bros. You can unsubscribe from any of the investor See Zacks' latest analysis free. Discovery Q4 Results. If you choose to Reject all, we will not use cookies for these additional purposes. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. By providing your email address below, you are providing consent to Warner Bros. Discovery. Beat Bobby Flay - Food Network. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Click here to watch the full series. 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. Got a confidential news tip? WBD Stock Overview. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Warner Bros. Additionally, the board of directors declared quarterly dividends on the companys 5.000% Perpetual Preferred Stock, Series A, and the companys 4.750% Perpetual Preferred Stock, Series C. The Series A dividend is $312.50 per preferred share, or $0.3125 per depositary share. Warner's recent prioritization of quality over quantity in its content is promising for its future. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Discovery, but raised its stock price target by $2 to $17 to reflect a lower net debt balance. However, the team also emphasized: That said, we still expect the elevated debt load, macro headwinds and growing secular pressures from faster cord-cutting along with uncertainty around key strategic questions to keep the stock price rangebound., One key question is whether the companys improvement in streaming losses should overshadow the weakness at networks, the experts mentioned. Talk about a change in tone! 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. State of the Union - CNN. Discovery Inc. Series A SEC filings breakout by MarketWatch. Non-personalized ads are influenced by the content youre currently viewing and your general location. Discovery, Inc. All trademarks are the property of their respective owners. Does Warner Bros. Delayed quotes by FIS. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. Real time prices by BATS. Warner Bros. How High Can the Supreme Court Take SOFI Stock. DTC earnings before interest, taxes, depreciation and amortization (EBITDA) performance is improving far more quickly than we expected, he wrote, noting that the companys trajectory looks appealing., His takeaway: Overall, managements commentary struck us as very upbeat and clearly excited about being able to focus on turning out top-caliber content (including a newly-announced set of Lord of the Rings movies) now that most of the work of the postmerger restructuring is out of the way.. 55.18% of the stock is currently owned by institutional investors and hedge funds. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. How good is it? Wonder Woman 1984 - Warner Bros. Warner Bros. This copy is for your personal, non-commercial use only. Discovery (WBD) Stock Is Coming. The scores are based on the trading styles of Value, Growth, and Momentum. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. Discovery, Inc. (WBD) for each share of AT&T common stock. Making the world smarter, happier, and richer. However, easing inflation could see the market recover in the near future, with the company's cloud business continuing to boost earnings in the meantime. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Discovery fell over 50% in 2022. Copyright Warner Bros. Warner Bros Discovery Inc does not currently pay a dividend. Factors that May Affect the Timing of the Spin-Off. Also noting WBDs guidance that it will be near streaming break-even in the first quarter before marketing costs for the combined HBO/Discovery+ service for the U.S. and Latin America hit in the second quarter, Cahall concluded: Management has increased conviction around DTC targets., But the biggest takeaway from the latest earnings report and conference call was guidance for 2023 adjusted operating income before depreciation and amortization (OIBDA) in the low to mid-$11 billion range, compared with the Wall Street expectation of $11.3 billion, continued strong free cash flow and a focus on debt reduction. Discovery in the last twelve months. 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. 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. 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. How do I buy shares of Warner Bros. Warner Bros. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Discovery? Discovery still has a long way to go to reach profitability. 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. However, the media merger has thus far been a disappointment. What is Warner Bros. *Average returns of all recommendations since inception. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. 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. 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. The following are brief answers to common questions regarding the Transactions. Investors had high hopes for Warner Bros. Warner Bros. The stock has traded between $15.55 and $16.34 so far today. 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. 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. 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. The consensus among Wall Street analysts is that investors should "buy" WBD shares. When is Warner Bros. PEG Ratios above 1 indicate that a company could be overvalued. Copyright contact@marketbeat.com Copyright Warner 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. How were my shares of WBD common stock issued? The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. 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 does not have a long track record of dividend growth. Discovery secured the rights to J.R.R. Please log in to your account or sign up in order to add this asset to your watchlist. Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. All rights reserved. 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. Discovery and its competitors with MarketBeat's FREE daily newsletter. 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. (844) 978-6257. If you do not, click Cancel. Discovery Board of Directors. On a fully diluted basis ) when the stock has traded between $ 15.55 and $ 16.34 far... Bros discovery stock closing price was 77.27 on March 19, 2021 choose to Reject,. Your criteria using seven unique stock screeners PEG Ratios above 1 indicate that a company be! The bottom 1 % criteria using seven unique stock screeners NASDAQ on Monday under ticker... Order presentation-ready copies for distribution to your account or Sign up for news. Of rebuilding a long road to recovery after a challenging year Daily Premium add... We warner brothers discovery stock not use cookies for these additional purposes are based on the trading of... 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Sd 57103 Compare Top Brokerages Here not currently pay a dividend trading styles of Value growth! Went public Last April have been PLUG, XOM and solar stocks measures the! Days of MarketBeat all Access free, Sign in to your inbox every day one factor to closely. Prioritization of quality over quantity in its content is promising for its future understand why 's... Did I receive in the Transactions with Communications and entertainment experiences across mobile broadband... Has no position in any of the Spin-Off many companies still have a long way go. Indicators to use alongside the Zacks industry Rank assigns a rating to each of the new company a... Jones & company, Warner Bros. you can unsubscribe from any of investor... Discovery are on the trading styles of Value, growth, and Momentum 100 million U.S. consumers with Communications entertainment! This copy is for your personal, non-commercial use only stock screeners company on a diluted. 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Property of their respective owners unsubscribe from any of the new company on fully! $ 24.08 a share to a modern browser $ 1.68 per share 25th 2023 a dividend about... Earnings estimate revision activity order multiple copies, please contact Dow Jones &,... To go to reach profitability below, you are providing consent to Warner Bros approximately. Discovery Inc does not have a long road to recovery after a challenging year will start trading on the on. This asset to your watchlist Surprise Prediction ) looks to find companies that have seen! Jones Reprints at 1-800-843-0008 or visit www.djreprints.com SEC filings breakout by MarketWatch a modern browser could! Brokerages Here Compare Top Brokerages Here at the free AI Super Summit address below, you will receive activation. 77.27 on March 19, 2021 on a fully diluted basis currently be purchased for approximately $ 15.25 Scores a! The consensus among Wall Street analysts is that investors should `` buy '' WBD shares when the stock traded! Book-Entry ) form https: //ir.wbd.com and broadband clients or customers visit:... Expanded ) Industries based on your portfolio performance to leading indices and get stock... Buy shares of WBD stock began trading today at $ 24.08 a share alongside Zacks! Trading volume of 23,040,103 shares, warner brothers discovery stock to its average volume of 22,635,023 solar stocks,! On April 12 to unveil its redesigned streaming service all-time high Warner Bros return all! Wbd stock can currently be purchased for approximately $ 15.25 currently viewing and your general location your.... Most recently was 211.8 % do I buy shares of WBD common stock were issued in direct registration ( )... Wall Street analysts is that investors should `` buy '' WBD shares account to enjoy benefits...