Discovery+ will remain as a niche stand-alone service, he said. The record date for the stock dividend is the close of business on April 5, 2022. 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. The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% By providing your email address below, you are providing consent to Warner Bros. 150 Royall Street, Suite 101
There may be delays, omissions, or inaccuracies Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Dividends on the Series B preferred stock are payable on May 3, 2022, to shareholders of record as of the close of business on April 14, 2022. At Warner Bros. Warner Bros. 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. Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. Warner Bros. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock. Warner Bros. Pascal Desroches, senior executive vice president and chief financial officer, provided an update to shareholders, continuing focus on 5G and fiber services. Following close of the transaction, AT&T shareholders will continue to hold, along with their new shares of WBD common stock, the same number of shares of AT&T common stock they held immediately prior to close. Should I buy or sell Warner Bros. Identify stocks that meet your criteria using seven unique stock screeners. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. Discovery pay a dividend? Its worth noting that among 19 analysts who cover Warner Bros. Discovery secured the rights to J.R.R. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, 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. Get daily stock ideas from top-performing Wall Street analysts. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Bros. Amazon and Warner Bros. Discovery started the new year at a disadvantage, with both their businesses hit hard in 2022. Discovery (NASDAQ:WBD) has a market capitalization of $37.03 billion and generates $33.82 billion in revenue each year. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. The Zacks Rank has been called the Billion Dollar Secret. Wall Street Hunts for Evidence of Turnaround Momentum in Warner Bros. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. Discovery's stock price forecast for 2023? This option will be available under the temporary Nasdaq symbol "WBDWV". ', 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.. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. Discovery, Inc. operates as a media and entertainment company. Discovery? Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. At the close of business on April 8, 2022, AT&T completed Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. WebWarner Bros. 2023 will be a year of building and off we go. 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's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. Warner Bros. You can sign up for additional alert options at any time. 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. Discovery entity. The company is headquartered in New York, NY. PEG Ratios above 1 indicate that a company could be overvalued. 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. You can reach him on Stocktwits at @larryramer. We see potential to further leverage marque general entertainment for both growth and efficiency as undervalued at the current share price., But Cahall noted some concern. Discovery, Inc. All trademarks are the property of their respective owners. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. If certain closing conditions are not satisfied or waived in advance of April 5, AT&T may elect to change the stock dividend record date to a later date. Discovery have? Warner Bros. Discovery Inc. Series A SEC filings breakout by MarketWatch. Neither Zacks Investment Inflation peaked at 9.1% in June 2022, leading to a stock market sell-off that sent shares in numerous consumer-reliant companies tumbling. Discovery's stock. quotes delayed at least 15 minutes, all others at least 20 minutes. Discovery has been rated by Guggenheim, Macquarie, Morgan Stanley, and Rosenblatt Securities in the past 90 days. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. All rights reserved. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. The P/E ratio of Warner Bros. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). Discovery (NASDAQ: WBD) when the stock went public last April. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Our daily ratings and market update email newsletter. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. Box 43006
Stay up to date with the latest information. Discovery and how many votes do I get for each share? You can also visit g.co/privacytools at any time. 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 draws positive notes for 2023 despite ad-driven earnings miss, South Park Licensing Deal Sparks Lawsuit From Warner Bros. Discovery sues Paramount over South Park, WSJ reports, Analysts Offer Insights on Services Companies: Green Dot (GDOT), Warner Bros (WBD) and LegalZoom (LZ), Box Office Battle: Ant-Man wins weekend but suffers record 69.7% drop. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Cowen analyst Doug Creutz underlined the improving financial trends in Warner Bros. Discoverys streaming business though, maintaining his buy rating and $17 stock price target. 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. Discovery posted fourth-quarter revenue slightly below expectations. I owned shares of Discovery capital stock prior to the Closing Date. Is Stellantis Stock a Value Investors Dream? Get short term trading ideas from the MarketBeat Idea Engine. 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 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. Dani Cook has no position in any of the stocks mentioned. Its shares fell in after-hours trading. We want to hear from you. 2023 The Hollywood Reporter, LLC. 326 E 8th St #105, Sioux Falls, SD 57103 Discovery and raised his stock price target by $1.50 to $18. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. About the company. Warner Bros. WebWarner Bros. February 26, 2023|americanbankingnews.com. The firm maintained its market perform rating on Warner Bros. Discovery leadership team will review and assess our ESG approach and identify the best opportunities to help protect the environment, respect human rights, and positively impact local communities, while supporting our employees through inclusivity and diversity in our businesses and through our storytelling. By providing your email address below, you are providing consent to Warner Bros. How were my shares of WBD common stock issued? Warner Bros. 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. Warner Bros. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. Warner Bros. Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. Sign In. Who are Warner Bros. Discovery Discovery completed its acquisition of WarnerMedia from AT&T on Friday. with AT&T shareholders Wonder Woman 1984 - Warner Bros. So, is Amazon or Warner Bros. This is an estimated date of earnings release. 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. The Hollywood Reporter is a part of Penske Media Corporation. Larry began writing columns for InvestorPlace in 2015. 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 Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. 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. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. 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. Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. 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. AT&T has been advised by the New York Stock Exchange (the NYSE) that beginning on the trading day immediately prior to the April 5 record date for the spin-off distribution (currently April 4) and continuing through the close of trading on the business day before the closing date of the merger,1 there will be two markets in AT&T common stock on the NYSE: a "regular way" market and an "ex-distribution" market. Export data to Excel for your own analysis. He has been employed by The Fly and Israels largest business newspaper, Globes. The monthly returns are then compounded to arrive at the annual return. All rights reserved. Discovery and raised his stock price target by $1.50 to $18. 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. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. The steep rise in inflation last year was detrimental to Amazon's e-commerce business, with its North American and international segments reporting combined operating losses of $10.6 billion in fiscal 2022. 2023 InvestorPlace Media, LLC. No cost, no obligation to buy anything ever. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Discovery as a Result of the WarnerMedia Separation. 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 (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, Inc. to send you the requested investor email alerts. in the Information. 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