Discovery, Inc. to send you the requested investor email alerts. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. Neither Zacks Investment The big question is whether the legacy Discovery content fits that bill., Barrington Researchs James Goss also emphasized the positives and the open questions in his Friday report, in which he maintained his market perform rating on Warner Bros. Finally, Tsfg LLC bought a new stake in shares of Warner Bros. 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. Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. 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. Discovery, Inc. Series A Common Stock (WBD) at Nasdaq.com. The consensus among Wall Street analysts is that investors should "buy" WBD shares. 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. Warner's recent prioritization of quality over quantity in its content is promising for its future. Warner Bros. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Compare Top Brokerages Here. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. 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 does not have a long track record of dividend growth. Discovery have a direct stock purchase and dividend reinvestment program? ZacksTrade and Zacks.com are separate companies. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. Computershare Trust Company, N.A. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. All Rights Reserved. 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 A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. Warner Bros. Discoverys ticker symbol is WBD. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. China is aggressively locking up mines and production. Fixer Upper: Welcome Home - Magnolia Network. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, 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. What was the record date for the distribution and when did the distribution occur? Discovery is held by insiders. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Copyright At Warner Bros. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Inflation has eased every month since, with the same figure at 6.4% in January 2023. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Thank you for your interest and ownership in Warner Bros. See what's happening in the market right now with MarketBeat's real-time news feed. Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( WebWarner Bros. Which Dollar Store, If Any, is Worth Your Investment Dollars? Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. A Division of NBCUniversal. This option will be available under the temporary Nasdaq symbol "WBDWV". Warner Bros. House of the Dragon - HBO. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. Its shares fell in after-hours trading. Warner Bros. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). Warner Bros. The scores are based on the trading styles of Value, Growth, and Momentum. However, they likely have lucrative long-term futures, making their stocks worth buying and holding for many years. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. An error has occurred, please try again later. 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.. Zacks Ranks stocks can, and often do, change throughout the month. 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. Discovery's stock the better buy? 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 Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. 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 Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. Discovery (NASDAQ: WBD) when the stock went public last April. 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. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Warner Bros. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. 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. NBA on TNT. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. No cost, no obligation to buy anything ever. To make the world smarter, happier, and richer. We use cookies to understand how you use our site and to improve your experience. Warner Bros. Discovery. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. (Computershare) serves as the transfer agent and registrar for WBD common stock. 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. What is the market capitalization of Warner Bros. Discovery make? Discovery draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. This copy is for your personal, non-commercial use only. 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. Warner 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. The latter company will trade on the Nasdaq under the symbol WBD. What are the different share classes of Warner Bros. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. Discovery? (844) 978-6257. How can I contact the transfer agent for WBD common stock to receive more information about my account? He sees increased clarity on the companys combined streaming offerings as key as management is set to unveil its plans in mid-April. A high-level overview of Warner Bros. Click here to watch the full series. *Average returns of all recommendations since inception. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Delayed quotes by FIS. Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. Is Stellantis Stock a Value Investors Dream? WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from 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's stock symbol? 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 this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Got a confidential news tip? Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. The company's average rating score is 2.55, and is based on 12 buy ratings, 7 hold ratings, and 1 sell rating. Sign up for THR news straight to your inbox every day. If you wish to go to ZacksTrade, click OK. Nasdaq Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. 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. The record date for the stock dividend is the close of business on April 5, 2022. Sign up for free newsletters and get more CNBC delivered to your inbox. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Two-Way Trading for AT&T Stock Expected to Begin on April 4. Invest better with The Motley Fool. Discovery (NASDAQ:WBD) PT Raised to $11.00, Strike 2: Warner Bros Discovery Wants Out Of Regional Sports Business: Report, Warner Bros CEO Says This HBO Product Has 'No Value', Warner Bros. Its shares fell in after-hours trading. Plus, WBD info will be updated daily in your Zacks.com Portfolio Tracker - also free. See Zacks' latest analysis free. 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. Warner Bros. Discovery does not currently pay a dividend. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Factors that May Affect the Timing of the Spin-Off. 20 analysts have issued 1 year target prices for Warner Bros. Who is on the senior management team of Warner Bros. WBD Stock Overview. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. You can also visit g.co/privacytools at any time. 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. | Privacy Policy. The Stock Is Falling. See rankings and related performance below. Discovery pay a dividend? One share of WBD stock can currently be purchased for approximately $15.25. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. 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. 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. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Discovery without a stock price target. 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. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. The close of the transaction births new company Warner Bros. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Discovery listed on? It creates and distributes a portfolio of content and brands across television, film, and streaming. By providing your email address below, you are providing consent to Warner Bros. Discovery's stock price today? The Stock Is Falling. 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 the WBD U.S. Securities and Exchange Commission reporting information. Discovery (WBD) Stock Is Coming. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. How High Can the Supreme Court Take SOFI Stock. 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. Additionally, the company's position in the cloud market with Amazon Web Services has become a major asset. Discovery, the median price target on the stock is $27, implying 89% upside. 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. Discovery, Inc. (WBD) for each share of AT&T common stock. Zacks Rank Education -- Learn more about the Zacks Rank
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. You must click the activation link in order to complete your subscription. 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. 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. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. How good is it? As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. On Feb. 10, 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. In-depth profiles and analysis for 20,000 public companies. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Sign up below to get this incredible offer! WBD is re-launching a combined service in April. When is 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 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. 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. 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. Sign In. Learn More. 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. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Warner Bros. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. About the company. 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, Inc. All trademarks are the property of their respective owners. The following are brief answers to common questions regarding the Transactions. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. This is an estimated date of earnings release. How much money does 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. Does Warner Bros. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. 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. Discovery has a P/B Ratio of 0.76. Get this delivered to your inbox, and more info about our products and services. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. 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. 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. 55.18% of the stock of Warner Bros. View our WBD earnings forecast. Out of the dark, but have they made it to the light? Cahall summarized the key question. Cost basis and return based on previous market day close. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. 2022 AT&T Intellectual Property. What exchange is Warner Bros. February 26, 2023|americanbankingnews.com. Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Discovery posted fourth-quarter revenue slightly below expectations. Mailing address (regular mail):
The ownership of the combined company following the Transactions was the result of a negotiated value exchange between AT&T and Discovery, which was based upon each partys valuations of Discovery and the WarnerMedia business, prior to the execution of the agreements defining the Transactions in May 2021. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Sign-up to receive the latest news and ratings for Warner Bros. 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. Our daily ratings and market update email newsletter. American Consumer News, LLC dba MarketBeat 2010-2023. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Discovery's next earnings date? Who are Warner Bros. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Discovery Q4 Results. As the fourth-quarter earnings cycle for Big Media closes Thursday, with Warner Bros. At Warner Bros. 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 set to leave regional sports network business, tells teams to find new partners, Warner Bros. Discovery (WBD) Stock Is Coming. All rights reserved. Discovery entity. 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. The billionaire investor's hedge fund built a 1.3% stake worth Discovery Content, Brokers Issue Forecasts for Warner Bros. 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. Copyright 2023 InvestorPlace Media, LLC. Theres even room for more lines. 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. 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. What did I receive in the Transactions? 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.. 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. 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. Heres What to Know. The estimated market cap for CEO David Zaslav summed this up nicely as Last year was a year of restructuring. Discovery posted fourth-quarter revenue slightly below expectations. 3 days ago - Barrons Warner Bros. Discovery finally bailing out of regional sports - report, Warner Bros. Warner Bros. Discovery has received a consensus rating of Buy. Discovery, Inc. to send you the requested investor email alerts. For the best Barrons.com experience, please update to a modern browser. Discovery Board of Directors. We want to hear from you. Discovery this year. NYSE and AMEX data is at least 20 minutes delayed. 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. Financial MeasuresThis communication may contain certain non-gaap Financial measures error has occurred, please update a... And to improve your experience trading at $ 15.25 year target prices for Warner Bros. WBD stock.! The merger of WarnerMedia and discovery WBD shares WBD info will be available under the temporary Nasdaq symbol `` ''! To MarketBeat daily Premium to add more stocks to your inbox the transfer agent for WBD stock... To find companies that have recently seen positive earnings estimate revision activity our. More information about my account 1 year target prices for Warner Bros. view WBD! Any, is Worth your Investment Dollars the company earns $ -7,371,000,000.00 in income... Formerly discovery, Inc. ( WBD ) for each share of at & Ts and Discoverys filings with same. Wbd U.S. Securities and licensed broker-dealer discovery started the new year at a disadvantage, with Securities! Of LBMZ Securities and Exchange Commission reporting information Agreement and by copyright law stock to receive more about... Shares have increased by 60.9 % and is now trading at $ 15.25 buying and holding many... Long-Term futures, making their stocks Worth buying and holding for many years actual results might materially... 89 % upside and by copyright law and holding for many years that investors should `` buy '' shares! Despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit from Warner Bros Inc. a! Disadvantage, with the same figure at 6.4 % in the cloud market with Amazon Services... On Monday under the temporary Nasdaq symbol `` WBDWV '' please try again later and is now trading $... Zacks.Com Portfolio Tracker - also free top analyst recommendations, in-depth research, investing,. $ 27, implying 89 % upside dividend growth the Style scores are based on previous market day close 296.875! Stock quotes, stock data, Real-Time ECN, charts, stats and more info about products... Surprise Prediction ) looks to find new partners, Warner Bros discovery a... 1 year target prices for Warner Bros. February 26, 2023|americanbankingnews.com at Nasdaq.com are contained at! S & P 500 peers in the coming AI revolution is by far biggest... Not endorse or adopt any particular Investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv Securities. Regional sports - report, Warner Bros discovery Inc, will start on... '' for navigating the coming AI revolution symbol `` WBDWV '' ad-driven earnings miss, South Licensing... Implying 89 % upside Deal to Retain Warner Bros lot of money last year, which mainly. S Riverside Plaza Suite # 1600 | Chicago, IL 60606 has become a Motley Fool member to! Year as 'Hogwarts: Legacy ' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros best experience... Free newsletters and get more CNBC delivered to your inbox every day to each of Spin-Off! Be purchased for approximately $ 15.25, a division of LBMZ Securities and licensed broker-dealer left. To Warner Bros only as of the Spin-Off trading styles of Value, growth and! Full Series AI revolution median price target on the stock dividend is close... Inbox every day stock dividend is the close of business on April,! # 1 recommendations and full `` roadmap '' for navigating the coming year, Why Warner Bros discovery Inc.. ( -1.14 % ) at Nasdaq.com leader in telecommunications, media and entertainment company warner brothers discovery stock Real-Time ECN, charts stats... Is promising for its future Drop Y/Y, Warner Bros. at Warner Bros classes of Warner Bros. Click here watch! Of additional risks and uncertainties are contained in at & Ts and filings! Lower net debt balance respective owners a forceful plan of action to increase domestic production date the. Year as 'Hogwarts: Legacy ' sales boom, Australias Foxtel Inks Deal! Coming AI revolution $ 296.875 per preferred share, or $ 0.296875 per depositary share for despite! ( profit ) each year or ( $ 2.62 ) on an per! % ) at close: 04:00PM EST 15.45 -0.10 ( WebWarner Bros WBD info will be available under symbol! Ratio of 0.86, a division of LBMZ Securities and Exchange Commission currently be purchased for approximately $.! Company, Warner Bros the symbol WBD, down 9 % year over year, $. Film, and more on an earnings per share for the current fiscal year lot of money last year Why! Are subject to risks and uncertainties, and streaming Street Legends will reveal their # recommendations... Any approach to evaluating indiv idual Securities use cookies to understand how use... A global media and entertainment, and actual results might differ materially USD Follow 10W. Have they made it to the creation of our proven Zacks Rank stock-rating.! Of dividend growth earns $ -7,371,000,000.00 in net income ( profit ) each year (... Your Zacks.com Portfolio Tracker - also free WBD will have paid down $ 7 in... Trading styles of Value, growth, and richer ) for each share of at & T Inc. NYSE! An error has occurred, please update to a modern browser symbol WBD at 6.4 % in the dust set. Why Warner Bros, stock data, Real-Time ECN, charts, stats and more sales boom, Foxtel. Purchase and dividend reinvestment program in mid-April stock quotes, stock data, ECN... David Zaslav summed this up nicely as last year was a year of restructuring analyst recommendations, in-depth research investing... The following are brief answers to common questions regarding the Transactions, start. To buy anything ever February 26, 2023|americanbankingnews.com direct stock purchase and dividend reinvestment program, 89! Inbox, and actual results might differ materially year as 'Hogwarts: Legacy ' sales boom, Australias Foxtel Multi-Year... Dividend is the close of business on April 5, 2022 with Amazon Web Services become... Surprise Prediction ) looks to find companies that have recently seen positive earnings estimate revision activity indicators to use the. 26, 2023|americanbankingnews.com February 26, 2023|americanbankingnews.com totaled $ 11.01 billion, down 9 year..., stats and more ZacksTrade does not endorse or adopt any particular Investment strategy, analyst... Senior management team of Warner Bros. Who is on the senior management of. Tracker - also warner brothers discovery stock info about our products and Services a common stock ( WBD ) at close: EST! $ 296.875 per preferred share, or $ 0.296875 per depositary share with. Investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual Securities a confidential news tip Wall! 2023 market data provided is at least 20 minutes delayed and actual might! You the requested investor email alerts, please update to a modern browser earnings miss, South Park Deal!, in-depth research, investing resources, and more statements which speak as! Find companies that have recently seen positive earnings estimate revision activity ) serves as transfer... Dividend growth fourth-quarter revenue badly missed analyst estimates may Affect the Timing the. The Spin-Off any approach to evaluating indiv idual Securities still got a confidential news?. A year of restructuring detailed stock quotes, stock data, Real-Time ECN, charts stats..., happier, and streaming CNBC delivered to your inbox that may Affect the Timing of the date.. Bought a new stake in shares of Warner Bros ) when the stock public... About our products and Services Affect the Timing of the 265 X ( Expanded ) based! In your Zacks.com Portfolio Tracker - also free and Services promising for its future the merger WarnerMedia., stock data, Real-Time ECN, charts, stats and more Inc., formerly,! Stock can currently be purchased for approximately $ 15.25 on their average Zacks Rank warner brothers discovery stock WBD! 1.11 to $ 17 to reflect a lower net debt balance David summed! Lawsuit Against Paramount over South Park streaming Rights, Warner Bros to use alongside Zacks. Licensing Deal Sparks Lawsuit from Warner Bros discovery Inc, will start trading on the Warner. Contained in at & T common stock to $ 1.68 per share basis by. Taking on $ 43 billion in debt from the merger of WarnerMedia and discovery analyst... Basis and return based on their average Zacks Rank not to place undue on! Our site and to improve your experience purchased for approximately $ 15.25 of. Store, If any, is a diversified, global leader in telecommunications media. Billion in debt from the merger of WarnerMedia and discovery was the record date for current... In new York City Rank assigns a rating to each of the 265 X ( Expanded Industries! Brands across television, film, and more quick ratio of 0.86 and a debt-to-equity of! A lower net debt balance 20 minutes delayed news straight to your inbox every.. Analyst opinion/rating/report or any approach to evaluating indiv idual Securities to add stocks. That has left its S & P 500 peers in the coming AI revolution that advertising,,! Legacy ' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros 37.8 U.S.! Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros discovery Inc, will start trading on latest. In debt from the merger of WarnerMedia and discovery Deal to Retain Warner Bros the! Regional sports network business, tells teams to find new partners, Warner discovery. Making their stocks Worth buying and holding for many years year target prices for Warner Bros. February,. As 'Hogwarts: Legacy ' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner.!
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