2023 The Hollywood Reporter, LLC. The official website for the company is corporate.discovery.com. 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. Warner Bros. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Warner Bros. Discoverys Zaslav is strategically following the Disney roadmap: Analyst, Warner Bros. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Zacks Ranks stocks can, and often do, change throughout the month. What exchange is Warner Bros. On Friday, Warner Bros. Meanwhile, Amazon is by far the biggest online retailer with a 37.8% U.S. market share. Warner Bros. In other words, to receive the shares of WBD stock through their AT&T stock, investors must own AT&Ts shares when the market closes today. 1125 N. Charles St, Baltimore, MD 21201. At Warner Bros. Discovery's investor relations website at https://ir.wbd.com . CEO David Zaslav summed this up nicely as Last year was a year of restructuring. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Got a confidential news tip? A Division of NBCUniversal. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Discovery entity. Select More options to see additional information, including details about managing your privacy settings. The lowest price target is $18. Discovery Files Lawsuit Against Paramount Over South Park Streaming Rights, Warner Bros. Insiders that own company stock include David Leavy, David Zaslav, Geoffrey Y Yang, Gerhard Zeiler, Gunnar Wiedenfels, Piazza Samuel A Jr Di and Robert R Bennett. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. 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. The Motley Fool has a disclosure policy. 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 While future dividends remain subject to board approval, this amount is consistent with AT&Ts previous announcement that the board had approved an expected post-close annual common dividend of $1.11 per share. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. You must click the activation link in order to complete your subscription. 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. Investors will pay close attention. Does Warner Bros. But just looking at these companies' price-to-earnings ratios, Warner's shares trade at a multiple of 13, making it a far better value than Amazon's multiple of 77. We will webcast a fireside chat with Jeff McElfresh, chief operating officer, on Wednesday, March 8, 2023. The company had reported earnings of 8 cents in the year-ago quarter. NYSE and AMEX data is at least 20 minutes delayed. At Warner Bros. How High Can the Supreme Court Take SOFI Stock. By providing your email address below, you are providing consent to Warner Bros. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Immediately following this spin-off, the WarnerMedia Spinco shares will be exchanged for stock representing approximately 71% of the new WBD on a fully diluted basis. Discovery this year as 'Hogwarts: Legacy' sales boom, Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. View analysts price targets for WBD or view top-rated stocks among Wall Street analysts. Discovery and raised his stock price target by $1.50 to $18. How good is it? 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. Warner Bros. Warner's recent prioritization of quality over quantity in its content is promising for its future. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Stay up to date with the latest information. In-depth profiles and analysis for 20,000 public companies. This suggests a possible upside of 44.1% from the stock's current price. 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. AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. Warner Bros. All rights reserved. *Average returns of all recommendations since inception. 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. ZacksTrade and Zacks.com are separate companies. Nasdaq 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. Mailing address (regular mail): Warner Bros Discovery Incs trailing 12-month revenue is $26.0 billion with a -20.3% profit margin. 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. What did I receive in the Transactions? He has been employed by The Fly and Israels largest business newspaper, Globes. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 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 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. What is the CUSIP for Warner Bros. How much money does Warner Bros. Discovery posted fourth-quarter revenue slightly below expectations. Discovery Content, Brokers Issue Forecasts for Warner Bros. This copy is for your personal, non-commercial use only. February 28, 2023|americanbankingnews.com, February 27, 2023|markets.businessinsider.com. 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. Warner Bros. 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. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The Stock Is Falling. AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. 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. Warner Bros. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. 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%). Discovery fell over 50% in 2022. Non-personalized ads are influenced by the content youre currently viewing and your general location. Discovery (NASDAQ:WBD) has a market capitalization of $37.76 billion and generates $33.82 billion in revenue each year. Discovery sinks on earnings miss, weak advertising revenue, view top-rated stocks among Wall Street analysts, 8403 Colesville Road, Silver Spring, Maryland 20910. Its shares fell in after-hours trading. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. Click here to watch the full series. Warner Bros. What is Warner Bros. Warner Bros. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 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. ', 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.. Formerly discovery, Inc., formerly discovery, Inc., we promise to treat your data with and. 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