At the close of business on April 8, 2022, AT&T completed The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Information Providers, or gathered by Zacks Investment Research, Inc. from 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. P.O. 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. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The Stock Is Falling. Discovery. Neither Zacks Investment How many employees does Warner Bros. One share of WBD stock can currently be purchased for approximately $15.25. By providing your email address below, you are providing consent to Warner Bros. Discovery this year. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. https://www.barrons.com/articles/warner-bros-discovery-earnings-stock-price-614a38a8. Warner Bros. Plus, WBD info will be updated daily in your Zacks.com Portfolio Tracker - also free. How can I contact Warner Bros. Warner Bros. Cost basis and return based on previous market day close. Beat Bobby Flay - Food Network. Discovery (NASDAQ: WBD) when the stock went public last April. Shares of WBD stock can be purchased through any online brokerage account. If you choose to Accept all, we will also use cookies and data to. Their WBD share price forecasts range from $11.00 to $40.00. AT&T Ex-distribution Trading Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Discovery (WBD) Stock Is Coming. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The Company entertains audiences worldwide through its brands and products including Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV After splitting with Kanye West, British audio startup Kano asks for funding, How the Creed franchise makes a statement and lots of money in modern Hollywood, Warner Bros. How can I contact Warner Bros. Discoverys investor relations team? P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Discovery, Inc. (WBD) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed (-0.30%) Dow 30 -232.39(-0.71%) Nasdaq -11.44(-0.10%) Russell Investors were also Select More options to see additional information, including details about managing your privacy settings. Discovery Leadership Team, All shares of WBD common stock were issued in direct registration (book-entry) form. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. Zacks Rank Education -- Learn more about the Zacks Rank Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. What did I receive in the Transactions? Non-personalized ads are influenced by the content youre currently viewing and your general location. Top institutional shareholders include Newport Trust Co (2.11%), Geode Capital Management LLC (1.97%), Moneta Group Investment Advisors LLC (1.16%), Sessa Capital IM L.P. (0.97%), Norges Bank (0.85%) and Morgan Stanley (0.77%). All rights reserved. You must click the activation link in order to complete your subscription. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Warner Bros. Warner Bros. Discovery. Mailing address (regular mail): What is the market capitalization of 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, and, when we are at our best, inspires. How The Mandalorian Handled Absence of Gina Caranos Cara Dune, Twickenham Film Studios Chair Buys 6.95 Percent Stake in APX Group, Paramount CFO: Streaming Content Spending Could Come in Below $6B Target In 2024, BBC Journalism Union Members Vote in Favor of Strike, 'Lord of the Rings': Amazon, Warner Bros. Ready for Tolkien Battle, David Zaslav Chases the One Metric to Rule Them All: Streaming Profits, Jimmy Pitaro Sets ESPN Exec Team: Burke Magnus to Oversee Content, Rosalyn Durant Joins to Lead Rights Talks, VFX Workers Union Effort Picks Up Where Last Reckoning Left Off, Liberty Media Fourth-Quarter Revenue Grows Across SiriusXM, Atlanta Braves, F1 Units, YouTubes New CEO Outlines His Priorities, Teases Upcoming Features, Pivot to Something? Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. AT&T Declares Dividends on Common and Preferred Stock. Receive WBD Stock News and Ratings via Email. Who serves on the WBD board of directors? Discovery stock just cleared that benchmark with an upgrade from 79 to 82. A Division of NBCUniversal. 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. Where can I find historical stock price information? The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. We use cookies to understand how you use our site and to improve your experience. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. The Motley Fool has a disclosure policy. 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. The timing of the spin-off is subject to the satisfaction or waiver of the closing conditions for the transaction. 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. Discovery still has a long way to go to reach profitability. 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. With a combined weighting of more than 4%, its strength in these three tickers that have much to do with the S&Ps 2023 performance. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. According to Grand View Research, the e-commerce market was worth $9.09 trillion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 14.7% through 2027. Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. Delayed quotes by FIS. Discovery's stock price forecast for 2023? 5 Hypergrowth Stocks With 10X Potential in 2023, the day before the transaction officially, 7 Smart Stock Picks for Cautious Investors, Louis Navellier and the InvestorPlace Research Staff, Housing Market Crash Alert: Mark Your Calendars for Feb. 28, Cathie Wood Is Betting Big on These 5 AI Stocks, Dear MULN Stock Fans, Mark Your Calendars for March 7. Discovery, Inc. (WBD) NasdaqGS - NasdaqGS Real Time Price. After submitting your request, you will receive an activation email to the requested email address. NBA on TNT. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Amazon has a lot of work to do to get its e-commerce business back to profitability. Discovery as of the date hereof. Data is a real-time snapshot *Data is delayed at least 15 minutes. Its shares fell in after-hours trading. A focus on strong free cash flow, debt reduction and minimizing streaming losses had some Wall Street experts raising price targets. At Warner Bros. Warner Bros. 55.18% of the stock is currently owned by institutional investors and hedge funds. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery is getting out of the RSN business, looks to transfer ownership and media rights to teams, Warner Bros Discovery's shares fall as ad market recovery looks uncertain, Warner Bros. If you choose to Reject all, we will not use cookies for these additional purposes. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading 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. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. Discovery+ will remain as a niche stand-alone service, he said. 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. 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. 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's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. DALLAS, March 25, 2022 Today AT&T Inc.* (NYSE:T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&Ts interest in WarnerMedia to AT&Ts shareholders. Let's assess. 150 Royall Street, Suite 101 WBDWV Trading The company had reported earnings of 8 cents in the year-ago quarter. All rights reserved. As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% Investors had high hopes for Warner Bros. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Warner Bros. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. If you do not, click Cancel. 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. A few minutes after, Warner Bros. Discoverys shares were up 1.8 percent at $16.01. Discovery trades on the NASDAQ under the ticker symbol "WBD.". The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Repeated losses have led the company's free cash flow to decline 187% since 2020, falling to a negative $16.9 billion. View WBD analyst ratings or view top-rated stocks. American Consumer News, LLC dba MarketBeat 2010-2023. * indicates the important links in the menu. 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. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. 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