Warner Bros. Who are Warner Bros. Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. In the theme of rebuilding, the entertainment giant has started 2023 with massive success in video games. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. Discovery insiders have not sold or bought any company stock. Larry began writing columns for InvestorPlace in 2015. The company had reported earnings of 8 cents in the year-ago quarter. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Fourth-quarter revenue came in at $11.1 billion well short of the $11.36 billion estimates while quarterly losses came in at a total of $2.1 billion, or 86 cents per share. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Which Dollar Store, If Any, is Worth Your Investment Dollars? Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. quotes delayed at least 15 minutes, all others at least 20 minutes. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. WebWarner Bros. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. After submitting your request, you will receive an activation email to the requested email address. All Rights Reserved. If you choose to Accept all, we will also use cookies and data to. Zacks Rank Education -- Learn more about the Zacks Rank Discovery Full Year 2022 Earnings: Misses Expectations, Warner Bros. Warner Bros Discovery Inc does not currently pay a dividend. Billions could be poured into exploration companies searching for new U.S. deposits. 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. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. In May last year, the companies set 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. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. Factors that May Affect the Timing of the Spin-Off. 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 You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. 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. Discovery, Inc. to send you the requested investor email alerts. View WBD analyst ratings or view top-rated stocks. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Discovery's stock symbol? 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. * indicates the important links in the menu. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. 20 analysts have issued 1 year target prices for Warner Bros. How can I contact Warner Bros. Discoverys investor relations team? 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 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. Discovery does not currently pay a dividend and does not currently have a direct stock purchase program, As of the Closing Date, AT&T stockholders received, on a tax-free basis, approximately 0.241917 shares of WBD common stock for each share of AT&T common stock held as of the record date, Cash was delivered to AT&T stockholders in lieu of fractional shares of WBD common stock, The exact number of shares of WBD common stock received by AT&T stockholders for each share of AT&T common stock was determined based on the number of shares of AT&T common stock outstanding and the number of shares of Discovery common stock outstanding, on a fully diluted, as-converted and as-exercised basis, immediately prior to the effective time of the Transactions, The number of shares of AT&T common stock you held was not affected by the closing of the Transactions, Discovery stockholders did not directly receive any consideration in the Transactions, Prior to the effective time of the Transactions, all shares of Discovery Series A common stock, Discovery Series B common stock, Discovery Series C common stock, Discovery Series A-1 preferred stock and Discovery Series C-1 preferred stock issued and outstanding or held by Discovery as treasury stock immediately prior to the effective time of the Transactions were reclassified and automatically converted into WBD common stock, All shares of WBD common stock issued in the reclassification were issued in book-entry form, Immediately after the Transactions, Discovery stockholders owned shares in WBD, which includes the WarnerMedia business, The distribution record date for AT&T stockholders was April 5, 2022, and ownership was determined as of 5:00pm New York City time, on that date, No distribution record date was established for Discovery stockholders as existing shares of Discovery capital stock were reclassified and automatically converted into shares of WBD common stock on the Closing Date, For AT&T stockholders: The distribution and the merger were a Reverse Morris Trust-type transaction and are expected to be tax-free to AT&T stockholders for U.S. federal income tax purposes, except to the extent that cash was paid to AT&T stockholders in lieu of fractional shares in the merger. Discovery. Amazon has a lot of work to do to get its e-commerce business back to profitability. Discovery is -5.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. You must click the activation link in order to complete your subscription. Delayed quotes by FIS. 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. 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. On the closing date of the transaction, each AT&T shareholder will receive, on a tax-free basis, an estimated 0.24 shares of the new WBD common stock for each share of AT&T common stock held as of the record date for the 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. Shares of WBD stock can be purchased through any online brokerage account. They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Discovery? AT&T Latin America provides wireless services to consumers and businesses in Mexico. Discovery? For the best Barrons.com experience, please update to a modern browser. Discovery and raised his stock price target by $1.50 to $18. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Discovery is held by insiders. Discovery posted fourth-quarter revenue slightly below expectations. What exchange is Warner Bros. Visit www.zacksdata.com to get our data and content for your mobile app or website. 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. See Zacks' latest analysis free. 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. Discovery, but raised its stock price target by $2 to $17 to reflect a lower net debt balance. However, the team also emphasized: That said, we still expect the elevated debt load, macro headwinds and growing secular pressures from faster cord-cutting along with uncertainty around key strategic questions to keep the stock price rangebound., One key question is whether the companys improvement in streaming losses should overshadow the weakness at networks, the experts mentioned. Investors were also However, many companies still have a long road to recovery after a challenging year. Discovery has a P/B Ratio of 0.76. Discovery is listed on the Nasdaq Global Select Market exchange, Warner Bros. Discoverys CUSIP is 934423104, WBD will only have one share class with each share having the same economic interest and voting power, Each share of WBD common stock will have one vote, Warner Bros. Got a confidential news tip? 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. You can sign up for additional alert options at any time. Discovery stock traded down $0.05 during mid-day trading on Friday, reaching $15.68. Discovery trades on the NASDAQ under the ticker symbol "WBD.". 2023 The Hollywood Reporter, LLC. Discovery in the last twelve months. Warner Bros. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. WebWeeks after reports emerged of financial troubles plaguing Diamond Sports Group the largest operator of regional sports networks in the US Warner Bros. He sees increased clarity on the companys combined streaming offerings as key as management is set to unveil its plans in mid-April. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. The latter company will trade on the Nasdaq under the symbol WBD. Data is a real-time snapshot *Data is delayed at least 15 minutes. Evercore ISI has placed a price target on the stock of $40. Discovery's stock was trading at $9.48 at the start of the year. 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. Placed a price target on the NASDAQ under the symbol WBD. `` 1,. To recovery after a challenging year with investors NASDAQ under the symbol WBD. `` Affect. 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