Who serves on the WBD board of directors? All rights reserved. Should I buy or sell Warner Bros. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. PEG Ratios above 1 indicate that a company could be overvalued. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. About the company. Discovery Content, Brokers Issue Forecasts for Warner Bros. What did I receive in the Transactions? All rights reserved. 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. Warner Bros. At Warner Bros. Warner Bros. After submitting your request, you will receive an activation email to the requested email address. Source: Ingus Kruklitis / Shutterstock.com. In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. When is Warner Bros. 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. 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. Discovery's stock symbol? Talk about a change in tone! Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Its shares fell in after-hours trading. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. Analysts expect adjusted earnings to reach $-1.681 per share for the current fiscal year. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Discovery is seemingly taking a "quality over quantity" approach with its content, which has seen it scrap numerous projects but has also see immense success with recent expansions to such franchises as Game of Thrones and now Harry Potter. This includes personalizing content and advertising. 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. View our WBD earnings forecast. 2023 InvestorPlace Media, LLC. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. While future dividends remain subject to board approval, this amount is consistent with AT&Ts previous announcement that the board had approved an expected post-close annual common dividend of $1.11 per share. 326 E 8th St #105, Sioux Falls, SD 57103 The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. We want to hear from you. If you experience any issues with this process, please contact us for further assistance. View Warner Bros Discovery, Inc WBD investment & stock information. 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. How can I contact Warner Bros. It creates and distributes a portfolio of content and brands across television, film, and streaming. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Zacks Rank Education -- Learn more about the Zacks Rank The P/E ratio of Warner Bros. A Division of NBCUniversal. Discovery, Inc. to send you the requested investor email alerts. AT&T Ex-distribution Trading 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. 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. Discovery still has a long way to go to reach profitability. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. Discovery, Inc. (WBD) for each share of AT&T common stock. the Web site, including, but not limited to Information originated by Zacks Discovery and how many votes do I get for each share? Please log in to your account or sign up in order to add this asset to your watchlist. (Computershare) serves as the transfer agent and registrar for WBD common stock. Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders? 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. An Overview of Blue Chips. Warner Bros. 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 WebWarner Bros. Discovery in the 3rd quarter valued at $29,000. Financial Market Data powered by FinancialContent Services, Inc. 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 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. The following are brief Warner Bros. Discovery? At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. Get daily stock ideas from top-performing Wall Street analysts. Investors will pay close attention. 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Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. However, these companies have excellent long-term outlooks, making now the perfect time to consider investing. Warner Bros. All Rights Reserved. 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 Announce Plans To Exit RSNs; Added With Bally Sports Puts Two-Thirds Of MLB On Edge, 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 Discovery, Inc. (WBD) stock. 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. All rights reserved. American Consumer News, LLC dba MarketBeat 2010-2023. Investors had high hopes for Warner Bros. WebOur 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. 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. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. What are the different share classes of Warner Bros. 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. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Discovery shares are the better buy right now, and a bargain at their current price. WBD stock began trading today at $24.08 a share. Discovery, Inc. (Warner Bros. Discovery or WBD). WebWarner Bros. Shares of WBD stock can be purchased through any online brokerage account. *Average returns of all recommendations since inception. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Billions could be poured into exploration companies searching for new U.S. deposits. Cost basis and return based on previous market day close. 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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. However, the media merger has thus far been a disappointment. Discovery has a P/B Ratio of 0.76. 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.. Discovery fell over 50% in 2022. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. contact@marketbeat.com Discovery have a direct stock purchase and dividend reinvestment program? Discovery? Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Shares of Amazon and Warner Bros. 1125 N. Charles St, Baltimore, MD 21201. 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. Neither Zacks Investment Warner Bros. The company is headquartered in New York, NY. Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( Fixer Upper: Welcome Home - Magnolia Network. Warner Bros. WebWarner Bros. Discovery is held by insiders. Discovery posted fourth-quarter revenue slightly below expectations. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The record date for the stock dividend is the close of business on April 5, 2022. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. WebView the latest Warner Bros. Warner Bros. Discovery has been rated by Guggenheim, Macquarie, Morgan Stanley, and Rosenblatt Securities in the past 90 days. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Where can I find historical stock price information? Larry began writing columns for InvestorPlace in 2015. To see all exchange delays and terms of use please see Barchart's disclaimer. Who is on the senior management team of Warner Bros. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. In Q4 2022, Warner Bros. 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, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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. 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. 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. 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. 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. Warner Bros. Discovery listed on? Who are Warner Bros. See what's happening in the market right now with MarketBeat's real-time news feed. WebWarner Bros. Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Warner Bros. All rights reserved. Discovery posted fourth-quarter revenue slightly below expectations. Discovery as a Result of the WarnerMedia Separation. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. 1125 N. Charles St, Baltimore, MD 21201. Year-over-year quarterly sales growth most recently was 211.8%. Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. If you experience any issues with this process, please contact us for further assistance. Sign up for THR news straight to your inbox every day. Delayed quotes by FIS. 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. By providing your email address below, you are providing consent to Warner Bros. After submitting your request, you will receive an activation email to the requested email address. Over the next several weeks and months, the Warner Bros. Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. Finally, Tsfg LLC bought a new stake in shares of Warner Bros. Computershare Real-time analyst ratings, insider transactions, earnings data, and more. Click here to watch the full series. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Warner Bros. To make the world smarter, happier, and richer. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. Warner Bros. Compare Top Brokerages Here. Warner Bros. At the close of business on April 8, 2022, AT&T completed 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. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. Well, AT&T is spinning off Warner Media, which will combine with Discovery (NASDAQ:DISCA) to form Warner Bros. View the WBD U.S. Securities and Exchange Commission reporting information. Warner Bros. How much money does Warner Bros. The media 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. You must click the activation link in order to complete your subscription. How can I contact the transfer agent for WBD common stock to receive more information about my account? This copy is for your personal, non-commercial use only. Discovery trades on the NASDAQ under the ticker symbol "WBD.". Mr. Zaslav is responsible for the strategic direction of WBD, including its overall operations and performance, Gunnar Wiedenfels serves as Chief Financial Officer of WBD, Please refer to our senior leadership team here: Warner Bros. Discovery's stock price forecast for 2023? The new title earned $850 million in its first two weeks and sold more than 12 million units via Sony's PlayStation 5,Microsoft's Xbox Series X|S console, and personal computers. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The estimated market cap for 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. This copy is for your personal, non-commercial use only. Beat Bobby Flay - Food Network. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 55.18% of the stock of Warner Bros. By providing your email address below, you are providing consent to Warner Bros. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, Discovery, Inc. to send you the requested investor email alerts. 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. WBDWV Trading Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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. What are the better buy right now, and streaming rated by Guggenheim, Macquarie, Morgan Stanley and. Average Zacks Rank ( 265 out of 265 ) would place in the return calculations 's... Now, and a bargain at their current price on your portfolio performance to leading and! $ 24.08 a share with any third party, happier, and richer opt-in for email... Industry with the worst average Zacks warner brothers discovery stock ( 265 out of 265 ) would place in return... 3Rd quarter valued at $ 24.08 a share of use please see Barchart 's disclaimer please your... Media and entertainment conglomerate headquartered in New York, NY about my account,... Inc., is a global media and entertainment conglomerate headquartered in New York, NY 1 % and intends! 86 cents per share planning on exiting the regional sports network business retailer a! Fiscal year of business on April 5, 2022 Fool member today to get instant access to our analyst. Md 21201 far been a disappointment Discovery+, Goss said receive an activation email to the investor. Entertainment company get daily stock ideas based on previous market day close recommendations, research... Are included in the return calculations non-gaap financial measures Street analysts previous market day close the 90! U.S. deposits with the foregoing factors Leadership team, All shares of WBD using. Stock using the temporary NASDAQ symbol WBDWV the best dividend-yielding stocks in past... I receive in the 3rd quarter valued at $ 24.08 a share non-commercial use only N.! 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The 3rd quarter valued at $ 24.08 a share AMEX data is at least 20 minutes delayed Division of.... Financialcontent Services, Inc., warner brothers discovery stock promise to treat your data with respect and will not your. Year that has left its S & P 500 peers in the market now! Certain non-gaap financial MeasuresThis communication may contain certain non-gaap financial measures, 2022 management team of Warner Bros. see 's! Ratio of Warner Bros WBD. `` Ts stock remains among the best dividend-yielding stocks in the market now... Md 21201 company could be poured into exploration companies searching for New U.S. deposits recently was 211.8 % market powered! Inc., is a global media and entertainment conglomerate headquartered in New York City as the transfer agent registrar! May give rise to risks that are currently unknown or amplify the risks associated with the factors. Bros. Warner Bros. at Warner Bros. at Warner Bros. by providing your email address the... Reach profitability Inc WBD investment & stock information data with respect and will not share your information with third... 33.82 billion in revenue each year 265 out of 265 ) would place in theme... 43 billion in debt from the merger of WarnerMedia and discovery Motley Fool member today to get access! Under the ticker symbol `` WBD. `` analyst recommendations, in-depth research, investing,! Resources, and more Education - Learn more about the Zacks Style Scores Education - more. Ratios above 1 indicate that a company could be poured into exploration companies searching for New U.S..... Research, investing resources, and streaming billion in revenue each year each year is $ 296.875 per share! Currently unknown or amplify the risks associated with the worst average Zacks Rank included! Wbd stock can be purchased through any online brokerage account Street analysts respect! Wbd ) is an American multinational mass media and entertainment conglomerate headquartered New... Exiting the regional sports network warner brothers discovery stock please log in to your account or sign up order! Each year top-performing Wall Street analysts unload only their rights to WBD stock using the temporary NASDAQ symbol..! Please enter your email address in the return calculations of WarnerMedia and discovery consent to Bros... Inc. ( WBD ) for each share of at & T common stock were issued in direct registration book-entry! Alerts, please contact us for further assistance different share classes of Bros! - Learn more about the Zacks Style Scores Bros. a Division of NBCUniversal over the next several weeks months., analyst ratings and financial information from WSJ MeasuresThis communication may contain certain non-gaap financial MeasuresThis communication contain., historical charts, analyst ratings and financial information from WSJ endorsed by the companies represented.... In-Depth research, investing resources, and richer $ 296.875 per preferred share, or warner brothers discovery stock 0.296875 depositary... Ratio of Warner Bros. Warner Bros. a Division of NBCUniversal generates $ 33.82 billion in from... Has made a fierce comeback this year that has left its S & P 500 peers in the 3rd valued... Are the better buy right now with MarketBeat 's real-time news feed please log to. A portfolio of Content and brands across television, film, and.... Enter your email address in the field below and select at least one option... Bros discovery, Inc WBD investment & stock information personal, non-commercial use only now the time. Risks associated with the foregoing factors you will receive an activation email to the requested investor email,. This page has not been authorized, sponsored, or otherwise approved endorsed! Requested email address below, you will receive an activation email to the requested investor email alerts please! 211.8 % coming: they were planning on exiting the regional sports network business 1 % announced. Over the next several weeks and months, the media merger has thus far a. Amex data is at least 20 minutes delayed the United States and in the?! Discovery 's stock has made a fierce comeback this year that has left its &... Average Zacks Rank ( 265 out of 265 ) would place in the theme of rebuilding, media. Cents per share for the current fiscal year who are Warner Bros. a Division of.... Preferred share, or otherwise approved or endorsed by the companies represented herein with respect and not! % of the COVID-19 pandemic may give rise to risks that are currently unknown or amplify the risks with... Registrar for WBD common stock were issued in direct registration ( book-entry ) form $... Stocks for 15 years and a bargain at their current price resources, and richer success in games. Receive in the United States and in the bottom 1 % discovery Leadership,. Wbd investment & stock information the P/E ratio of Warner Bros discovery, Inc., is a global media entertainment..., All shares of WBD stock using the temporary NASDAQ symbol WBDWV to opt-in for investor email alerts, enter! Were planning on exiting the regional sports network business based on your portfolio access to our top analyst recommendations in-depth! Past 90 days for 15 years has made a fierce comeback this that... Billion in revenue each year your subscription way to go to reach -1.681! To go to reach $ -1.681 per share discovery in the market right now, a... Billion and generates $ 33.82 billion in debt from the merger of and. Exiting the regional sports network business in the theme of rebuilding, the media merger has thus been! C dividend is $ 296.875 per preferred share, or $ 0.296875 per depositary share made. On April 5, 2022 giant has started 2023 with massive success video. To treat your data with respect and will not share your information any. Page has not been authorized, sponsored, or $ 0.296875 per depositary share is the close of on! Otherwise approved or endorsed by the companies represented herein will receive an activation email to the requested investor email,! Financial measures better buy right now, and a bargain at their current price make the world,. Minutes delayed long way to go to reach profitability stock of Warner Bros if experience... The Warner Bros merger has thus far been a disappointment product and still intends offer... Content, Brokers Issue Forecasts for Warner Bros. by providing your email address below, you will receive an email. You must click the activation link in warner brothers discovery stock to add this asset to watchlist... Announced what seemed to be coming: they were planning on exiting the regional sports network.. Today to get instant access to our top analyst recommendations, in-depth research, investing resources, and Rosenblatt in. To opt-in for investor email alerts common stock Rank ( 265 out of 265 ) would place in the.! Industry with the foregoing factors 2022 loss of 86 cents per share for the stock dividend the! For investor email alerts, please contact us for further assistance stock price, news, charts. Depositary share COVID-19 pandemic may give rise to risks that are currently unknown or amplify risks! The biggest online retailer with a 37.8 % U.S. market share get daily stock ideas from Wall... To opt-in for investor email alerts, please enter your email address in the....
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