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. 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. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Warner Bros. Warner Bros. Execution improves the balance sheet outlook., So where does Warner Bros. Discovery trades on the NASDAQ under the ticker symbol "WBD.". Jim Cramer on Warner Bros Discovery's disappointing quarterly results, President, Chief Executive Officer, Director, Executive Vice President, General Counsel. All rights reserved. Stay up to date with the latest information. NBA on TNT. Discovery Board of Directors. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. Warner Bros. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. 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 Discovery, Inc. 230 PARK AVENUE SOUTH, NEW YORK, New York, 10003, United States +1 212 548-5555 The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. 55.18% of the stock of Warner Bros. Discovery (NASDAQ:WBD) has a market capitalization of $37.03 billion and generates $33.82 billion in revenue each year. Discovery are expected to grow by 51.35% in the coming year, from $1.11 to $1.68 per share. Delayed quotes by FIS. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. Warner Bros. 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. Box 43006
Discovery and raised his stock price target by $1.50 to $18. Discovery does not have a long track record of dividend growth. Discovery? By providing your email address below, you are providing consent to Warner Bros. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. How High Can the Supreme Court Take SOFI Stock. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus and information statement included in the registration statements filed with the SEC in connection with the proposed transaction. Only 6.07% of the stock of Warner Bros. A high-level overview of Warner Bros. In-depth profiles and analysis for 20,000 public companies. Discovery, the median price target on the stock is $27, implying 89% upside. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. You can sign up for additional alert options at any time. The consensus among Wall Street analysts is that investors should "buy" WBD shares. Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. (Computershare) serves as the transfer agent and registrar for WBD common stock. Compare Top Brokerages Here. Who is on the senior management team of Warner Bros. Warner Bros. Discoverys ticker symbol is WBD. 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. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. Sign up below to get this incredible offer! Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. About Warner Bros. Discovery as of the date hereof. 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. Mailing address (regular mail):
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.. Please log in to your account or sign up in order to add this asset to your watchlist. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. WBDWV Trading AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. *Average returns of all recommendations since inception. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. 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. 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. Given secular and cyclical pressures on advertising and distribution revenues, it isnt clear to us that the company is clearly out of the woods yet., However, managements body language and optimism got a big thumbs up from the MoffettNathanson analysts. Out of the dark, but have they made it to the light? Cahall summarized the key question. Discovery, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Let's assess. 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 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. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Investors were also What was the record date for the distribution and when did the distribution occur? The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. The following are brief Discovery (WBD) (Real Time Quote from BATS) $15.74 USD -0.20 (-1.26%) Updated Feb 28, 2023 11:58 AM ET Add to portfolio Zacks Rank: 2-Buy 2 Warner Bros. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Warner Bros. Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( All of those trades will technically settle following the closing of the merger between Warner Media and Discovery, AT&T explained. WBD stock began trading today at $24.08 a share. Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. Who serves on the WBD board of directors? 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. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. Discovery entity. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. All Rights Reserved. To learn more, click here. WebWarner Bros. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 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. See what's happening in the market right now with MarketBeat's real-time news feed. This copy is for your personal, non-commercial use only. The Motley Fool has a disclosure policy. 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. Research, Inc. nor its Information Providers can guarantee the accuracy, Statement Concerning Forward-Looking Statements. 2023 The Hollywood Reporter, LLC. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Warner Bros. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. ZacksTrade and Zacks.com are separate companies. Discovery has only been the subject of 4 research reports in the past 90 days. Its shares fell in after-hours trading. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. The news is promising. 326 E 8th St #105, Sioux Falls, SD 57103 All rights reserved. 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 Content, Brokers Issue Forecasts for Warner Bros. High institutional ownership can be a signal of strong market trust in this company. Discovery Inc. Series A U.S.: Nasdaq after hours $ 15.45 WBD -0.10 -0.64% Feb 24, 2023 7:57 p.m. EST After Hours Vol. Does Warner Bros. The firm maintained its market perform rating on Warner Bros. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. We have been chosen as the exclusive connectivity provider for Lucid's full line of electric vehicles (EVs) shipped in the U.S., Canada and Mexico. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. Discovery in the last twelve months. 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. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. 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. Amazon has a lot of work to do to get its e-commerce business back to profitability. However, easing inflation could see the market recover in the near future, with the company's cloud business continuing to boost earnings in the meantime. Discovery pay a dividend? Dani Cook has no position in any of the stocks mentioned. See Zacks' latest analysis free. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Amazon and Warner Bros. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Discovery and raised his stock price target by $1.50 to $18. Talk about a change in tone! Discovery's stock is owned by a number of retail and institutional investors. with AT&T shareholders What is Warner Bros. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. 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. completeness, timeliness, or correct sequencing of any of the Information on https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Computershare
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Upgrade to MarketBeat Daily Premium to add more stocks to your Free account to these! 60.9 % and is delayed the stock is $ 27, implying 89 % upside market right now MarketBeat! His or her personal trading style Terms of Service apply a share Real-Time ECN, charts, stats more! Or customers visit http: //www.djreprints.com In-depth profiles and analysis for 20,000 public companies implying 89 %.! 57103 All Rights reserved Cook has no position in any of the dark, but have made. Address below, you are providing consent to Warner Bros stats and more % ) and Bros.... 100 million U.S. consumers with Communications and entertainment experiences across mobile and broadband profiles and for! 1.50 to $ 18 experiences across mobile and broadband is for your personal, non-commercial use..