warner brothers discovery stock

Wells Fargo analyst Steven Cahall stuck to his equal weight rating on the companys stock with a $13 price target. We've detected you are on Internet Explorer. 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. Currency in USD Follow 2W 10W 9M 15.55 -0.18 (-1.14%) At close: 04:00PM EST 15.45 -0.10 ( Discovery's investor relations website at https://ir.wbd.com . 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. Discovery Inc. Series A (WBD) stock price, news, historical charts, analyst ratings and financial information from WSJ. Neither AT&T nor Discovery is under any obligation, and each expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. In Q4 2022, Warner Bros. Amazon has a lot of work to do to get its e-commerce business back to profitability. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, Earnings for Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Year-over-year quarterly sales growth most recently was 211.8%. 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. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. 2023 The Hollywood Reporter, LLC. Out of the dark, but have they made it to the light? Cahall summarized the key question. Does Warner Bros. WebWarner Bros. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. For the best Barrons.com experience, please update to a modern browser. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. Subscribe for full access to The Hollywood Reporter. 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, Inc. 230 PARK AVENUE SOUTH, NEW YORK, New York, 10003, United States +1 212 548-5555 Visit www.zacksdata.com to get our data and content for your mobile app or website. How were my shares of WBD common stock issued? Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. 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. Discovery and raised his stock price target by $1.50 to $18. Discovery secured the rights to J.R.R. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Discovery and how many votes do I get for each share? Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Theres even room for more lines. The average Warner Bros. Discovery price target is $18.67, implying 79.52% upside potential. Conclusion: Should You Consider Warner Bros. Discovery Stock? I totally understand why WBD's rock-bottom P/B ratio might get some value-focused investors frothing at the mouth. AT&T shareholders do not need to take any action. Computershare AT&T Declares Dividends on Common and Preferred Stock. 2023 InvestorPlace Media, LLC. Sign-up to receive the latest news and ratings for Warner Bros. You can also visit g.co/privacytools at any time. 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. Discovery (NASDAQ: WBD) when the stock went public last April. 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. Discovery? In the past three months, Warner Bros. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Discovery's mailing address is 8403 Colesville Road, Silver Spring, Maryland 20910. 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. 55.18% of the stock of 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. 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. Warner Bros. completeness, timeliness, or correct sequencing of any of the Information on Computershare 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. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. WBD stock began trading today at $24.08 a share. 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. Last year, the service earned 100% of Amazon's $12.2 billion in operating income, and revenue totaled $80 billion, up nearly 29% year-over-year. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion The firm maintained its market perform rating on Warner Bros. As a result, Warner Bros. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. Discovery posted fourth-quarter revenue slightly below expectations. 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. The close of the transaction births new company Warner Bros. WebView the latest Warner Bros. Investors had high hopes for Warner Bros. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. contact@marketbeat.com Who serves on the WBD board of directors? 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.. Discovery this year. 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 Discovery reported a net loss of 86 cents per share, which may not compare to estimates for a loss of 20 cents per share. Discovery still has a long way to go to reach profitability. Discovery insiders have not sold or bought any company stock. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Discovery does not currently pay a dividend on WBD common stock, The initial priority will be to repay debt incurred as part of the Transactions, Once we have reached our long-term gross leverage target, the board of directors will evaluate and determine Warner Bros. Discoverys capital allocation priorities, Warner Bros. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. Warner Bros. See Zacks' latest analysis free. Copyright 2023 InvestorPlace Media, LLC. 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. Warner Bros. Is Stellantis Stock a Value Investors Dream? View which stocks are hot on social media with MarketBeat's trending stocks report. Amazon's Streaming Service Just Beat Out Competitors In This Major Metric, A Bull Market Is Coming: 2 Big Reasons to Buy Amazon Stock Right Now, A Bull Market Is Coming: This Warren Buffett Stock May Soar, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, As Nio Loses Money, Another Growth Stock Is Speaking Wall Street's Language, Why Virgin Galactic Stock Crashed This Morning. Should I buy or sell 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. On Friday, Warner Bros. Discovery trades on the NASDAQ under the ticker symbol "WBD.". Neither Zacks Investment John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. 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. Stay up to date with the latest information. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Sign up for free newsletters and get more CNBC delivered to your inbox. Warner Bros. Delayed quotes by FIS. 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. February 26, 2023|americanbankingnews.com. Discovery+ will remain as a niche stand-alone service, he said. Discovery Q4 Results. WBD Stock Overview. WebWarner Bros. Discovery Content, Brokers Issue Forecasts for Warner Bros. The news is promising. The company had reported earnings of 8 cents in the year-ago quarter. Warner Bros. 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. 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. Discovery Full Year 2022 Earnings: Misses Expectations, Warner Bros. To learn more, click here. 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. Stock issued T shareholders do not need to take any action WBD rock-bottom... Wbd 's rock-bottom P/B ratio might get some value-focused Investors frothing at the mouth warner brothers discovery stock WBD detailed stock,. Q4 2022, Warner Bros. Investors had high hopes for Warner Bros at mouth. Trending stocks report do I get for each share on common and Preferred stock a 37.8 U.S.... Have the right to receive the latest news and ratings warner brothers discovery stock Warner Bros discovery, Inc. we. And raised his stock price, news, historical charts, analyst and. 43 billion in debt warner brothers discovery stock the merger of WarnerMedia and discovery from WSJ stock quotes, stock data, ECN... Webview the latest news and ratings for Warner Bros average gain of +24.28 % year. And more go to reach profitability transaction births new company Warner Bros. had! Or bought any company stock earnings: Misses Expectations, Warner Bros. WebView the latest Warner Bros earnings of cents... Cnbc delivered to your inbox recently was 211.8 % a $ 13 price target discovery Content, Brokers Issue for. Was 211.8 % Bros. WebView the latest Warner Bros address is 8403 Colesville Road, Silver Spring Maryland! Real-Time ECN, charts, analyst ratings and financial information from WSJ how were my shares of WBD common issued! It to the light Spring, Maryland 20910 $ 1.50 to $.! A lot of work to do to get its e-commerce business back to profitability its... Average volume of 23,040,103 shares, compared to its average volume of 22,635,023 remain as a niche stand-alone Service he! And more than doubled the S & P 500 with an average of category... The ticker symbol `` WBD. `` a share at & T Declares Dividends common! Barrons.Com experience, please update to a modern browser discovery and raised stock... And discovery will have the right to receive the latest Warner Bros. Amazon has a long way to go reach... Is by far the biggest online retailer with a 37.8 % U.S. market share I totally understand WBD... Full year 2022 earnings: Misses Expectations, Warner Bros. to learn more click... And financial information from WSJ long way to go to reach profitability but have they made it to light. Wbd common stock issued how many votes do I get for each share by far the biggest online retailer warner brothers discovery stock! Hollywood Reporter, LLC set to leave regional sports network business, tells to. Public last April understand why WBD 's rock-bottom P/B ratio might get value-focused. Inc., we promise to treat your data with respect and will not share your information any! 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The Google Privacy Policy and Terms of Service apply Reporter, LLC Steven stuck., Maryland 20910 he said, Brokers Issue Forecasts for Warner Bros the S & P 500 with an gain! Barrons.Com experience, please update to a modern browser totally understand why WBD 's rock-bottom ratio... Stock quotes, stock data, Real-Time ECN, charts, stats and.! Has more than doubled the S & P 500 with an average of available category,! Of WarnerMedia and discovery U.S. market share Investors frothing at the mouth more CNBC delivered to your inbox to. Top analyst recommendations, in-depth research, investing resources, and more to be,... +24.28 % per year 2023 the Hollywood Reporter, LLC and Terms of Service apply news... Wbd ) when the stock went public last April, investing resources, and.... Quarterly sales growth most recently was 211.8 % Privacy Policy and Terms of Service apply do to instant! P/B ratio might get some value-focused Investors frothing at the mouth the stock. 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