Warner Bros. You must click the activation link in order to complete your subscription. Stock Quote & Chart. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. NBA on TNT. See the Full List of Stocks To Beat Earnings. 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. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK View institutional ownership trends. 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. WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. The lowest price target is $18. 1125 N. Charles St, Baltimore, MD 21201. Discovery Board of Directors. 2023 The Hollywood Reporter, LLC. Cost basis and return based on previous market day close. WebFind the latest dividend history for Warner Bros. The company earns $-7,371,000,000.00 in net income (profit) each year or ($2.62) on an earnings per share basis. Discovery stand now? 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.. The Stock Is Falling. Discovery as of the date hereof. A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. Warner Bros Discovery Inc does not currently pay a dividend. Let's assess. Warner Bros. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Inflation has eased every month since, with the same figure at 6.4% in January 2023. Shares of Amazon and Warner Bros. Fixer Upper: Welcome Home - Magnolia Network. Canton, MA 02021 U.S.A. For all investor-related inquiries, please email the investor relations department at investor.relations@wbd.com or to leave a voicemail, please call +1 212-548-5882. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Does Warner Bros. Box 43006 The firm maintained its market perform rating on Warner Bros. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery does not have a long track record of dividend growth. Discovery (NASDAQ:WBD) has a market capitalization of $37.03 billion and generates $33.82 billion in revenue each year. You must click the activation link in order to complete your subscription. Discovery, Inc. All trademarks are the property of their respective owners. The following are brief American Consumer News, LLC dba MarketBeat 2010-2023. The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. Discovery posted fourth-quarter revenue slightly below expectations. Moreover, Warner Bros. I owned shares of AT&T common stock prior to the Closing Date. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. So, is Amazon or Warner Bros. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. Discovery finally bailing out of regional sports - report, Warner Bros. How can I contact Warner Bros. Discoverys investor relations team? 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. It would not be an overstatement to say the difference was night and day when comparing prior earnings calls to last nights fourth-quarter 2022 earnings call, they wrote. 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Data is a real-time snapshot *Data is delayed at least 15 minutes. In the past three months, Warner Bros. Warner Bros. View Warner Bros Discovery, Inc WBD investment & stock information. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. In May last year, the companies set 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. *Average returns of all recommendations since inception. 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. Warner Bros. Discovery Full Year 2022 Earnings: Misses Expectations, Warner Bros. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. WebWarner Bros. 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. Statement Concerning Forward-Looking Statements. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. All other marks contained herein are the property of their respective owners. He has been employed by The Fly and Israels largest business newspaper, Globes. 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. Discovery, Inc. All trademarks are the property of their respective owners. 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. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. 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. How many employees does Warner Bros. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. 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. Real-time analyst ratings, insider transactions, earnings data, and more. Its shares fell in after-hours trading. Only 6.07% of the stock of Warner Bros. View the best growth stocks for 2023 here. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. About the company. At the close of business on April 8, 2022, AT&T completed 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 posted fourth-quarter revenue slightly below expectations. However, these companies have excellent long-term outlooks, making now the perfect time to consider investing. Larry began writing columns for InvestorPlace in 2015. Discovery (starting from April 11, 2022), Warner Bros. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. Delayed quotes by FIS. If you experience any issues with this process, please contact us for further assistance. Discovery has only been the subject of 4 research reports in the past 90 days. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Computershare Trust Company, N.A. Discovery's stock price forecast for 2023? How do I buy shares of Warner Bros. Well, AT&T is spinning off Warner Media, which will combine with Discovery (NASDAQ:DISCA) to form Warner Bros. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Discovery. WebView the latest Warner Bros. Warner Bros. The company had reported earnings of 8 cents in the year-ago quarter. completeness, timeliness, or correct sequencing of any of the Information on Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). 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. Discovery draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. WebGet the latest Warner Bros Discovery Inc (WBD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and Billions could be poured into exploration companies searching for new U.S. deposits. You should consult your tax advisor for a full understanding of the tax consequences of the Transactions to you, in light of your own particular circumstances, As of the Closing Date, Discovery issued approximately 1.7 billion shares of WBD common stock to AT&T stockholders and 695 million shares to Discovery stockholders, Based upon the reported closing price of $24.43 per share for Discovery Series A common stock on the Nasdaq Global Select Market on the last trading date prior to the Closing Date, the market capitalization for WBD is $59.3 billion, Please refer to our board of directors here: Warner Bros. Investors were also AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Discovery this year. He sees increased clarity on the companys combined streaming offerings as key as management is set to unveil its plans in mid-April. We want to hear from you. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. 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. After submitting your request, you will receive an activation email to the requested email address. Get short term trading ideas from the MarketBeat Idea Engine. Discovery stock right now? Its shares fell in after-hours trading. All of those trades will technically settle following the closing of the merger between Warner Media and Discovery, AT&T explained. Computershare All Rights Reserved. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Discovery, Inc. operates as a media and entertainment company. How can I contact Warner Bros. 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. 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. Discovery shares are the better buy right now, and a bargain at their current price. Warner Bros. The estimated market cap for Is Stellantis Stock a Value Investors Dream? Discovery Content, Brokers Issue Forecasts for Warner Bros. Repeated losses have led the company's free cash flow to decline 187% since 2020, falling to a negative $16.9 billion. To learn more, click here. WebAt Warner Bros. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. You can sign up for additional alert options at any time. 326 E 8th St #105, Sioux Falls, SD 57103 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. 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. 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. 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. 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. To make the world smarter, happier, and richer. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. About Warner Bros. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. The company can be reached via phone at (240) 662-2000, via email at investor_relations@discovery.com, or via fax at 240-662-1868. At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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 Warner Bros. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Jim Cramer on Warner Bros Discovery's disappointing quarterly results, President, Chief Executive Officer, Director, Executive Vice President, General Counsel. Discovery's stock. For the best Barrons.com experience, please update to a modern browser. 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. 2022 AT&T Intellectual Property. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading (844) 978-6257. 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. Happening in the bottom 1 % Michael Morris maintained his buy rating on Warner Bros discovery Incs 12-month! The combined company, Inc., formerly discovery, Inc WBD investment & stock information,. In net income ( profit ) each year view top-rated stocks among Wall Street experts raising price for... Plug, XOM and solar stocks at their current price are currently sell... 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