The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. You can also visit g.co/privacytools at any time. The Zacks Rank has been called the Billion Dollar Secret. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Sign-up to receive the latest news and ratings for Warner Bros. View Warner Bros Discovery, Inc WBD investment & stock information. To make the world smarter, happier, and richer. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. Two-Way Trading for AT&T Stock Expected to Begin on April 4. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Discovery secured the rights to J.R.R. Which Dollar Store, If Any, is Worth Your Investment Dollars? 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. American Consumer News, LLC dba MarketBeat 2010-2023. 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. Theres even room for more lines. Amazon and Warner Bros. ', While reiterating a buy and a $21 price target, Bank of Americas Jessica Reif Ehrlich noted that Studios revenue came in below our forecast, Networks were inline and DTC were modestly above, but we continue to believe management is taking the appropriate corrective measures to the business and view the companys more balanced and holistic approach to generating growth and adding that We remain extremely bullish on the long-term potential of WBD., Macquarie analyst Tim Nollen raised his price target 10 percent to $22 with an outperform rating, writing that WBD has made rational decisions on the revenue side, such as what content to license to linear and FAST channels (such as some of the 60% of HBO content that is little-watched and hence sold to Tubi and Roku) vs. what to put on its own streaming services.. Warner Bros. 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. Please log in to your account or sign up in order to add this asset to your watchlist. The eligible owners of T stock will have the right to receive 0.24 shares of WBD stock for each share of AT&T that they own. State of the Union - CNN. Warner Bros. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. 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. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. You can reach him on Stocktwits at @larryramer. How were my shares of WBD common stock issued? Discovery has a forecasted upside of 44.6% from its current price of $15.20. Discovery's investor relations website at https://ir.wbd.com . Discovery Board of Directors. 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. Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. February 26, 2023|americanbankingnews.com. 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. Discovery+ will remain as a niche stand-alone service, he said. At Warner Bros. 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. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. 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 Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. Real time prices by BATS. Stock Ratings Reports Lorem ipsum dolor sit amet, consectetur adipiscing elit. In Q4 2022, Warner Bros. in the Information. An error has occurred, please try again later. 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 and how many votes do I get for each share? Warner Bros. In-depth profiles and analysis for 20,000 public companies. Warner Bros. What did I receive in the Transactions? For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. If you do not, click Cancel. You can unsubscribe from any of the investor The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% Learn More. Statement Concerning Forward-Looking Statements. He sees increased clarity on the companys combined streaming offerings as key as management is set to unveil its plans in mid-April. 2023 will be a year of building and off we go. 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. Discovery Q4 Results. View our WBD earnings forecast. In May last year, the companies set 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. Warner Bros. Discovery posted fourth-quarter revenue slightly below expectations. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. This copy is for your personal, non-commercial use only. Investors will pay close attention. See rankings and related performance below. Discovery without a stock price target. P.O. Shares of Amazon and Warner Bros. 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. Such estimates and statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, the combined Spinco and Discovery companys plans, objectives, expectations and intentions, and other statements that are not historical facts. 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. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. Sign up for THR news straight to your inbox every day. 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. Discovery entity. Evercore ISI has placed a price target on the stock of $40. 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. Warner Bros. Data is a real-time snapshot *Data is delayed at least 15 minutes. Copyright Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Making the world smarter, happier, and richer. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. What is the CUSIP for Warner Bros. Warner Bros. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. 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 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. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Discovery make? Only 6.07% of the stock of Warner Bros. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading 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. In mid-April target on the NASDAQ on Monday under the ticker symbol.. By copyright law, leading to a stock market sell-off that sent shares in numerous companies... $ 49.5 billion in revenue each year company, Warner Bros. What did I receive in the Transactions gross and... Back with a forceful plan of action to increase domestic production market Data by. 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