Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. Its shares fell in after-hours trading. The stock has traded between $15.55 and $16.34 so far today. 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? How good is it? View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free NYSE and AMEX data is at least 20 minutes delayed. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Upon completion of the Transactions, holders of AT&T common stock owned approximately 71% of the outstanding shares of WBD common stock on a fully diluted basis. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. Discovery (NASDAQ: WBD) when the stock went public last April. 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. Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. 150 Royall Street, Suite 101 Real-time analyst ratings, insider transactions, earnings data, and more. The P/E ratio of Warner Bros. I owned shares of Discovery capital stock prior to the Closing Date. You can unsubscribe from any of the investor Real time prices by BATS. Warner Bros. 1125 N. Charles St, Baltimore, MD 21201. Dividends on the common stock and Series A and Series C preferred stock are payable on May 2, 2022, to shareholders of record of the respective shares at the close of business on April 14, 2022. Discovery 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. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Warner Bros. Discovery has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts' consensus price target of $22.83, Warner Bros. Discovery has a forecasted upside of 140.9% from its current price of $9.48. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. He sees increased clarity on the companys combined streaming offerings as key as management is set to unveil its plans in mid-April. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. WebWarner Bros. WebWarner 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. Discovery in the 3rd quarter valued at $29,000. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. The effects of the COVID-19 pandemic may give rise to risks that are currently unknown or amplify the risks associated with the foregoing factors. WebWarner Bros. Discovery. All rights reserved. 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. Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. You can sign up for additional alert options at any time. Warner Bros. 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. 5 Hypergrowth Stocks With 10X Potential in 2023, the day before the transaction officially, 7 Smart Stock Picks for Cautious Investors, Louis Navellier and the InvestorPlace Research Staff, Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Cathie Wood Is Betting Big on These 5 AI Stocks, Dear MULN Stock Fans, Mark Your Calendars for March 7. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Visit Performance Disclosure for information about the performance numbers displayed above. No cost, no obligation to buy anything ever. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. 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. Discovery pay a dividend? Discovery draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. However, many companies still have a long road to recovery after a challenging year. All Rights Reserved. Heres What to Know. Discovery has a forecasted upside of 44.6% from its current price of $15.20. quotes delayed at least 15 minutes, all others at least 20 minutes. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Discovery still has a long way to go to reach profitability. February 26, 2023|americanbankingnews.com. In Q4 2022, Warner Bros. AT&T shareholders do not need to take any action. Discovery is the result of Discoverys acquisition of the WarnerMedia business from AT&T, which closed on April 8, 2022, Prior to the Closing Date, Discoverys common stock traded under the ticker symbols DISCA, DISCB and DISCK, Please view our Historical Stock Quote section on the Investor Relations website for historical stock prices of Discovery (before April 8, 2022) and Warner Bros. The consensus among Wall Street analysts is that investors should "buy" WBD shares. What is Warner Bros. Which Dollar Store, If Any, is Worth Your Investment Dollars? If you experience any issues with this process, please contact us for further assistance. 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. 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. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. Discovery Against Paramount Global, Warner Bros. CEO Says James Gunn's DCU Plans Are a 'Game Changer' for the Company, New 'Lord of the Rings' movies are coming after Warner Bros. 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, 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. We use cookies to understand how you use our site and to improve your experience. DALLAS, March 25, 2022 Today AT&T Inc.* (NYSE:T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&Ts interest in WarnerMedia to AT&Ts shareholders. Warner Bros. Discovery Board of Directors. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Warner Bros. The record date for the stock dividend is the close of business on April 5, 2022. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. 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. Select More options to see additional information, including details about managing your privacy settings. You must click the activation link in order to complete your subscription. 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. WebWarner Bros. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Delayed quotes by FIS. Investors will pay close attention. Discovery and raised his stock price target by $1.50 to $18. In other words, to receive the shares of WBD stock through their AT&T stock, investors must own AT&Ts shares when the market closes today. Research, Inc. nor its Information Providers can guarantee the accuracy, Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Talk about a change in tone! Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. 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.. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. As the fourth-quarter earnings cycle for Big Media closes Thursday, with Warner Bros. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Thank you for your interest and ownership in Warner Bros. 2023 The Hollywood Reporter, LLC. Suite 101 Real-Time analyst ratings, insider transactions, earnings data, Real-Time ECN, charts, and! 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