They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Warner Bros. Sign up for THR news straight to your inbox every day. The firm maintained its market perform rating on Warner Bros. The media So, is Amazon or Warner Bros. Mailing address (regular mail):
Warner Bros. Discovery, Inc. to send you the requested investor email alerts. Discovery? Discovery's investor relations website at https://ir.wbd.com . AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close. Discovery? The new title earned $850 million in its first two weeks and sold more than 12 million units via Sony's PlayStation 5,Microsoft's Xbox Series X|S console, and personal computers. Tolkien's books, Damn, Warner Bros. Its shares fell in after-hours trading. 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 What is Warner Bros. Discoverys ticker symbol? Source: Ingus Kruklitis / Shutterstock.com. Compare Top Brokerages Here. Stock Quote & Chart. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). 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. An error has occurred, please try again later. But he lauded significant direct-to-consumer progress. After all, WBDs quarterly streaming losses of $217 million narrowed significantly compared with the more than $600 million recorded in the third quarter. Billions could be poured into exploration companies searching for new U.S. deposits. The estimated market cap for What was the record date for the distribution and when did the distribution occur? All Rights Reserved. About the company. 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. Sign In. 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. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. Discovery pay a dividend? All rights reserved. Discovery Against Paramount Global, Warner Bros. CEO Says James Gunn's DCU Plans Are a 'Game Changer' for the Company, New 'Lord of the Rings' movies are coming after Warner Bros. Discovery is -5.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. ', 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.. NASDAQ data is at least 15 minutes delayed. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. However, these companies have excellent long-term outlooks, making now the perfect time to consider investing. Discovery stand now? Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). Warner Bros. All rights reserved. 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. Our daily ratings and market update email newsletter. It all happens at the free AI Super Summit. Discovery? How were my shares of WBD common stock issued? Well, AT&T is spinning off Warner Media, which will combine with Discovery (NASDAQ:DISCA) to form Warner Bros. If the transaction is not completed, all trades made under these temporary symbols will be cancelled. Discovery in the 3rd quarter valued at $29,000. It creates and distributes a portfolio of content and brands across television, film, and streaming. 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 finally bailing out of regional sports - report, Warner Bros. Copyright 2023 InvestorPlace Media, LLC. Does Warner Bros. How much money does Warner Bros. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Volume today is low. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. 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. Does Warner Bros. Larry began writing columns for InvestorPlace in 2015. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. If you experience any issues with this process, please contact us for further assistance. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Invest better with The Motley Fool. 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. 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. 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. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. Discovery draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. If you experience any issues with this process, please contact us for further assistance. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. P.O. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. 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. Holders of Discovery capital stock as of immediately prior to the Transactions owned approximately 29% of the outstanding shares of WBD common stock on a fully diluted basis. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. Who serves on the WBD board of directors? Warner Bros. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. Computershare
Beat Bobby Flay - Food Network. After submitting your request, you will receive an activation email to the requested email address. 55.18% of the stock is currently owned by institutional investors and hedge funds. View Warner Bros Discovery, Inc WBD investment & stock information. At Warner Bros. The Company offers audiences the differentiated and complete portfolio of content, brands, and franchises across television, film, streaming, and gaming in approximately 220 countries and territories and 50 languages. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/warner-bros-discovery-wbd-stock-is-coming-heres-what-to-know/. 55.18% of the stock of Warner Bros. Warner Bros. Discovery have? 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. 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