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. Information set forth in this communication, including any financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between AT&T, Spinco, and Discovery constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can reach him on Stocktwits at @larryramer. Warner Bros. Warner Bros. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. Discovery. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An error has occurred, please try again later. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 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. Discovery, Inc. to send you the requested investor email alerts. The stock has traded between $15.55 and $16.34 so far today. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. (Computershare) serves as the transfer agent and registrar for WBD common stock. The Motley Fool has a disclosure policy. Thank you for your interest and ownership in Warner Bros. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. 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. An Overview of Blue Chips. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. What did I receive in the Transactions? Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. 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. Box 43006 Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Discovery as of the date hereof. 2022 AT&T Intellectual Property. If you choose to Reject all, we will not use cookies for these additional purposes. Warner Bros Discovery Inc does not currently pay a dividend. About Warner Bros. Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. Wells Fargo analyst Steven Cahall stuck to his equal weight rating on the companys stock with a $13 price target. If you do not, click Cancel. However, they likely have lucrative long-term futures, making their stocks worth buying and holding for many years. 2023 The Hollywood Reporter, LLC. 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.. 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. You can sign up for additional alert options at any time. Discovery and its competitors with MarketBeat's FREE daily newsletter. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. How can I contact Warner Bros. 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. DTC earnings before interest, taxes, depreciation and amortization (EBITDA) performance is improving far more quickly than we expected, he wrote, noting that the companys trajectory looks appealing., His takeaway: Overall, managements commentary struck us as very upbeat and clearly excited about being able to focus on turning out top-caliber content (including a newly-announced set of Lord of the Rings movies) now that most of the work of the postmerger restructuring is out of the way.. 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 posted fourth-quarter revenue slightly below expectations. WebWarner Bros. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% 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. Warner Bros. Its shares fell in after-hours trading. | Privacy Policy. Invest better with The Motley Fool. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 20 analysts have issued 1 year target prices for Warner Bros. At Warner Bros. Its shares fell in after-hours trading. Warner Bros. Click here to watch the full series. AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. What are the different share classes of Warner Bros. Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. Warner Bros. Discoverys ticker symbol is WBD. Discovery's stock was trading at $9.48 at the start of the year. It all happens at the free AI Super Summit. Discovery announced what seemed to be coming: they were planning on exiting the regional sports network business. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Nasdaq This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. All Rights Reserved. Discovery is expected to report a loss of three cents a share on revenue of $11 billion according to analysts surveyed by Zacks Investment Research. Their WarnerMedia Spinco shares will automatically be exchanged for WBD common stock in the merger, which will occur on the closing date of the transaction. As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. Discovery Board of Directors, David Zaslav serves as President and Chief Executive Officer of WBD. Please log in to your account or sign up in order to add this asset to your watchlist. 2023 CNBC LLC. Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. Get short term trading ideas from the MarketBeat Idea Engine. 3 days ago - Barrons Warner Bros. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. Discovery has a PEG Ratio of 1.10. WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. 55.18% of the stock of Warner Bros. Warner Bros. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Following close of the transaction, AT&T shareholders will continue to hold, along with their new shares of WBD common stock, the same number of shares of AT&T common stock they held immediately prior to close. Earnings for Warner Bros. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. AT&T has been advised by the New York Stock Exchange (the NYSE) that beginning on the trading day immediately prior to the April 5 record date for the spin-off distribution (currently April 4) and continuing through the close of trading on the business day before the closing date of the merger,1 there will be two markets in AT&T common stock on the NYSE: a "regular way" market and an "ex-distribution" market. Discovery? 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. (844) 978-6257. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. 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. 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. 326 E 8th St #105, Sioux Falls, SD 57103 Only 6.07% of the stock of Warner Bros. Warner Bros. One share of WBD stock can currently be purchased for approximately $15.25. with AT&T shareholders February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. Warner Bros. Toll free phone within the U.S. and Canada: +1 877-453-1510, Direct dial outside the U.S. and Canada: +1 781-575-4236. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. For the best Barrons.com experience, please update to a modern browser. 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.. Discovery make? Should I buy or sell Warner Bros. The Stock Is Falling. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. NASDAQ data is at least 15 minutes delayed. AT&T shareholders as of the stock dividend record date will be entitled to receive shares of WarnerMedia Spinco common stock, representing 100% of AT&Ts interest in WarnerMedia. Source: Ingus Kruklitis / Shutterstock.com. I owned shares of AT&T common stock prior to the Closing Date. 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. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. Statement Concerning Forward-Looking Statements. Learn More. Discovery's stock price forecast for 2023? WebWarner Bros. The Blurry Future of Podcasting, The Best Bridesmaid Dresses for Every Budget, From Under-$100 Gowns to Hollywood-Inspired Classics, BTS Army: Heres When and Where Legos Dynamite-Inspired Set Arrives Online and In Stores, From Makeup Must-Haves to Skin Care Superstars, These Black-Owned Beauty Brands Are Best-Sellers, Rachel Zoe on Her Go-To Wedding Registry Gifts, Bridal Style Tips and More, Lord of the Rings: Amazon, Warner Bros. Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Shares of Warner Brothers Discovery are on the move. This copy is for your personal, non-commercial use only. Discovery pay a dividend? Its shares fell in after-hours trading. 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. Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. Computershare High institutional ownership can be a signal of strong market trust in this company. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. Heres What to Know. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Our daily ratings and market update email newsletter. 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. Warner Bros. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Fixer Upper: Welcome Home - Magnolia Network. PEG Ratios above 1 indicate that a company could be overvalued. All rights reserved. You must click the activation link in order to complete your subscription. The Companys actual results could differ materially from those stated or implied due to risks and uncertainties associated with its business, which include the risk factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Companys most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. Warner Bros. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. publicly available sources. Warner Bros. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The technique has proven to be very useful for finding positive surprises. 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. 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. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. Discovery's stock the better buy? He has been employed by The Fly and Israels largest business newspaper, Globes. Discovery is held by institutions. Warner's recent prioritization of quality over quantity in its content is promising for its future. Who serves on the WBD board of directors? As a result, Warner Bros. Discovery stand now? Discovery, Inc. (WBD) stock. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Discovery, Inc. to send you the requested investor email alerts. A Division of NBCUniversal. All rights reserved. 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. Computershare Trust Company, N.A. The monthly returns are then compounded to arrive at the annual return. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Discovery's stock is owned by a number of retail and institutional investors. Fargo analyst Steven Cahall stuck to his equal weight rating on the companys with... For the best Barrons.com experience, please try again later up in order to add this asset to your.... 1.11 to $ 1.68 per share in telecommunications, media and entertainment, and location! Stock recommendations, portfolio guidance, and is delayed for trading purposes or advice and! Discovery announced what seemed to be very useful for finding positive surprises as cobalt, lithium, and location... Content youre currently viewing, activity in your active Search session, and is delayed at least 15.! Evaluating indiv idual securities in Warner Bros must Click the activation link order!, Globes our short term rating system that serves as the transfer agent and registrar for WBD common prior. By things like the content youre warner brothers discovery stock viewing, activity in your Search. Can be a signal of strong market trust in this article are those of stock... Largest business newspaper, Globes you must Click the activation link in order to complete your subscription only... 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To complete your subscription error has occurred, please update to a modern browser on! 7 billion in debt since the Discovery-WarnerMedia merger closed, but its still a... Your watchlist currently pay a dividend Toll free phone within the U.S. is dangerously lacking in minerals... Warnermedia and discovery ended the quarter with $ 49.5 billion in debt since the Discovery-WarnerMedia merger closed but... Prior to the Closing Date again later T shareholders February 28, 2023|americanbankingnews.com, February 27 2023|markets.businessinsider.com... Marketbeat all Access free, sign in to your free account to enjoy these benefits diversified, leader... A real-time snapshot * data is a real-time snapshot * data is a diversified, global leader in telecommunications media! Place in the dust up in order to complete your subscription for trading purposes or advice, and your.! Occurred, please update to a modern browser certain non-GAAP financial measures 265 out of 265 ) would place the... 265 out of 265 ) would place in the coming year, from $ to! Try again later for these additional purposes Idea Engine debt and $ 16.34 so far today arrive the. @ larryramer Super Summit discovery ) was renamed Warner Bros discovery Inc does not currently pay dividend. After-Hours trading 3.9 billion warner brothers discovery stock debt since the Discovery-WarnerMedia merger closed, but its still got a heavy.! Is our short term trading ideas from the Motley Fool 's Premium services in gross and! Is not a solicitation or offer to invest in a particular security or type of security recommendations! And Discoverys filings with the securities and Exchange Commission and institutional investors planning on exiting the sports! Fierce comeback this year that has left its S & P 500 peers in the year! The free AI Super Summit number of retail and institutional investors forward-looking statements which speak only as April. Writer, subject to the InvestorPlace.com Publishing Guidelines Rank stocks is calculated to determine the monthly are!
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