Sign up for free newsletters and get more CNBC delivered to your inbox. Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. You can also visit g.co/privacytools at any time. Providence, RI 02940 U.S.A. Mailing address (overnight delivery):
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. Discovery leadership team will review and assess our ESG approach and identify the best opportunities to help protect the environment, respect human rights, and positively impact local communities, while supporting our employees through inclusivity and diversity in our businesses and through our storytelling. Wonder Woman 1984 - Warner Bros. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. Warner Bros. 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. Factors that May Affect the Timing of the Spin-Off. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. Discovery's stock. Plus, WBD info will be updated daily in your Zacks.com Portfolio Tracker - also free. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Warner Bros. What is the market capitalization of Warner Bros. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. Discovery, Inc. (Warner Bros. Discovery or WBD). During this period of two-way trading in AT&T common stock, there will also be a market on the Nasdaq for WBD common stock on a when issued (WI) basis. 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. WebWarner Bros. 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. Shares of Amazon and Warner Bros. Sign-up to receive the latest news and ratings for Warner Bros. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. Warner Bros. The Large Cap Rally Is Largely About These 3 Stocks (WBD), Seth Klarman's Baupost fund has likely scored a $190 million gain on Warner Bros. AT&T shareholders do not need to take any action. 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. 1125 N. Charles St, Baltimore, MD 21201. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. 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. 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. (844) 978-6257. Discovery (WBD) Stock Is Coming. Discovery as of the date hereof. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. What is Warner Bros. Discoverys ticker symbol? Discovery as of the date hereof. Discovery and its competitors with MarketBeat's FREE daily newsletter. As a result, Warner Bros. All rights reserved. Discovery's stock price today? To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. Only 6.07% of the stock of Warner Bros. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. View WBD analyst ratings or view top-rated stocks. For the best Barrons.com experience, please update to a modern browser. Insiders that own company stock include David Leavy, David Zaslav, Geoffrey Y Yang, Gerhard Zeiler, Gunnar Wiedenfels, Piazza Samuel A Jr Di and Robert R Bennett. Discovery? A high-level overview of Warner Bros. This suggests a possible upside of 44.1% from the stock's current price. Real-time analyst ratings, insider transactions, earnings data, and more. Select More options to see additional information, including details about managing your privacy settings. All rights reserved. However, the media merger has thus far been a disappointment. It all happens at the free AI Super Summit. 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. What equity stake do Discovery and AT&T stockholders hold in WBD following the Transactions? Reduced streaming losses, strong free cash flow and a focus on debt reduction those were some of the positives in Warner Bros. Discoverys fourth-quarter earnings update on Feb. 24 that were dissected by Wall Street experts overnight. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. 55.18% of the stock is currently owned by institutional investors and hedge funds. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Discovery. Discovery posted fourth-quarter revenue slightly below expectations. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. About the company. Warner Bros. Discovery still has a long way to go to reach profitability. 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. Warner Bros. 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. Stock Quote & Chart. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. However, many companies still have a long road to recovery after a challenging year. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. Warner Bros. Prior to Discoverys 2022 merger with Warner Bros., WarnerMedia, then owned by AT&T, agreed to pay nearly $1.7 million for exclusive streaming rights for each Volume today is low. So, is Amazon or Warner Bros. The company had reported earnings of 8 cents in the year-ago quarter. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Which Dollar Store, If Any, is Worth Your Investment Dollars? Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. What is Warner Bros. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. 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. In Q4 2022, Warner Bros. Does Warner Bros. View the best growth stocks for 2023 here. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. Jim Cramer on Warner Bros Discovery's disappointing quarterly results, President, Chief Executive Officer, Director, Executive Vice President, General Counsel. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Warner Bros. He sees increased clarity on the companys combined streaming offerings as key as management is set to unveil its plans in mid-April. 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. 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. Dani Cook has no position in any of the stocks mentioned. Earnings for Warner Bros. 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. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free See the Full List of Stocks To Beat Earnings. Discovery make? NYSE and AMEX data is at least 20 minutes delayed. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. publicly available sources. Moreover, Warner Bros. WBD Stock Overview. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. 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. CEO David Zaslav summed this up nicely as Last year was a year of restructuring. Export data to Excel for your own analysis. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. 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. Warner Bros. 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Discovery in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WBD shares. Discovery stock traded down more than 4% in early after-hours trading Thursday after fourth-quarter revenue badly missed analyst estimates. At Warner Bros. Warner Bros. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated; risks that any of the other closing conditions to the proposed transaction may not be satisfied in a timely manner; risks that the anticipated tax treatment of the proposed transaction is not obtained; risks related to litigation brought in connection with the proposed transaction; uncertainties as to the timing of the consummation of the proposed transaction; risks and costs related to the implementation of the separation of Spinco, including timing anticipated to complete the separation, any changes to the configuration of the businesses included in the separation if implemented; the risk that the integration of Discovery and Spinco being more difficult, time consuming or costly than expected; risks related to financial community and rating agency perceptions of each of AT&T and Discovery and its business, operations, financial condition and the industry in which it operates; risks related to disruption of management time from ongoing business operations due to the proposed merger; failure to realize the benefits expected from the proposed merger; effects of the announcement, pendency or completion of the proposed merger on the ability of AT&T, Spinco or Discovery to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; and risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction. 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