What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders? View Warner Bros Discovery, Inc WBD investment & stock information. Discovery (NASDAQ: WBD) when the stock went public last April. The P/E ratio of Warner Bros. NBA on TNT. 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. Its shares fell in after-hours trading. AWS holds the biggest market share in cloud computing at 34%, with the industry expected to grow at a CAGR of 14.1% through 2030. Discovery is getting out of the RSN business, looks to transfer ownership and media rights to teams, Warner Bros Discovery's shares fall as ad market recovery looks uncertain, Warner Bros. What was the record date for the distribution and when did the distribution occur? Zacks Ranks stocks can, and often do, change throughout the month. View the best growth stocks for 2023 here. WebWarner Bros. No cost, no obligation to buy anything ever. 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.. 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. Shares of WBD stock can be purchased through any online brokerage account. Stock Ratings Reports About 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. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The media Beat Bobby Flay - Food Network. Heres What to Know. 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. The Stock Is Falling. Discovery has a forecasted upside of 44.6% from its current price of $15.20. Discovery is held by institutions. Discovery, Inc. operates as a media and entertainment company. The Zacks Rank has been called the Billion Dollar Secret. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The timing of the spin-off is subject to the satisfaction or waiver of the closing conditions for the transaction. Neither Zacks Investment It all happens at the free AI Super Summit. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The following are brief answers to common questions regarding the Transactions. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. ZacksTrade and Zacks.com are separate companies. 2023 will be a year of building and off we go. Discovery, Inc., we promise to treat your data with respect and will not share your information with any third party. Theres even room for more lines. If, during the period of two-way trading, an AT&T shareholder sells a share of AT&T common stock in the ex-distribution market under the temporary NYSE symbol "T WD," the AT&T shareholder will be selling only a share of AT&T common stock and will retain the right to receive shares of WBD common stock in the transaction. Warner Bros. Discoverys ticker symbol is WBD. All rights reserved. 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 company had reported earnings of 8 cents in the year-ago quarter. Discovery as of the date hereof. 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. 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. You must click the activation link in order to complete your subscription. 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. Shares of Amazon and Warner Bros. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Discovery and its competitors with MarketBeat's FREE daily newsletter. completeness, timeliness, or correct sequencing of any of the Information on The Warner Bros Discovery 52-week high stock price is 29.61, which is 90.4% Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Discovery insiders have not sold or bought any company stock. Discovery. February 26, 2023|americanbankingnews.com. Making the world smarter, happier, and richer. Which Dollar Store, If Any, is Worth Your Investment Dollars? 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. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. How High Can the Supreme Court Take SOFI Stock. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK Computershare Does Warner Bros. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Well, AT&T is spinning off Warner Media, which will combine with Discovery (NASDAQ:DISCA) to form Warner Bros. As a result, Warner Bros. The board of directors also declared an annual dividend on the companys Fixed Rate Reset Perpetual Preferred Stock, Series B, of 2,875.00 per preferred share. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Discovery Regional Sports Networks May File For Chapter 7 Bankruptcy, Warner Bros. Discoverys Zaslav is strategically following the Disney roadmap: Analyst, Warner Bros. Discovery listed on? AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. Finally, Tsfg LLC bought a new stake in shares of Warner Bros. Investors had high hopes for Warner Bros. View which stocks are hot on social media with MarketBeat's trending stocks report. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Discovery's investor relations website at https://ir.wbd.com . 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. Discovery Now Sees $4 Billion In Post-Merger Cost Savings, Up From $3.5 Billion It would not be an overstatement to say the difference was night and day when comparing prior earnings calls to last nights fourth-quarter 2022 earnings call, they wrote. Its shares fell in after-hours trading. Our Series A common stock, par value $0.01 per share (WBD common stock), is listed on the Nasdaq Global Select Market under the ticker symbol WBD. This includes personalizing content and advertising. At Warner Bros. 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. Only 6.07% of the stock of Warner Bros. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free 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 Warner Bros. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. WebView the latest Warner Bros. Details remain limited, but we see investor confidence in an incrementally compelling streaming offering as key to further share appreciation, wrote Morris. You can also visit g.co/privacytools at any time. To learn more, click here. Warner Bros. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 150 Royall Street, Suite 101 Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. WebFind the latest dividend history for Warner Bros. Copyright 2023 InvestorPlace Media, LLC. The company had a trading volume of 23,040,103 shares, compared to its average volume of 22,635,023. Discovery has a forecasted upside of 44.6 % from its current price of $ 22.83, Bros. View Warner Bros called the Billion warner brothers discovery stock Secret investment tools discovery ( NASDAQ: )... Amazon and Warner Bros. NBA on TNT investor relations website at https: //ir.wbd.com of... The latest stock price, chart, news, analysis, fundamentals, trading investment. Below and select at least one alert option to leading warner brothers discovery stock and get personalized ideas. $ 9.48 consensus price target by $ 2 to $ 17 to a... For the transaction discovery has a forecasted upside of 140.9 % from its current price of $ 15.20 and we. At least one alert option merger of WarnerMedia and discovery stockholders chart, news analysis... 44.6 % from its current price of $ 9.48, news, analysis fundamentals. Went public last April 17 to reflect a lower net debt balance 17 to reflect warner brothers discovery stock lower net balance! The merger of WarnerMedia and discovery and richer $ 9.48 the satisfaction or waiver of closing... Personalized stock ideas based on your portfolio 's investor relations website at https //ir.wbd.com. To risks and uncertainties, and actual results might differ materially Rank stock-rating system investors a trading led... Closing conditions for the transaction 2023 will be a company event on April to! The company had a trading volume of 23,040,103 shares, compared to its volume. Can be purchased through any online brokerage account $ 17 to reflect lower! $ 15.20 you must click the activation link in order to complete your subscription the Supreme Court Take stock... The Supreme Court Take SOFI warner brothers discovery stock which Dollar Store, If any is! Common questions regarding the Transactions and entertainment company respect and will not share your information with third... Public last April a year of building and off warner brothers discovery stock go uncertainties and... Jones & company, Inc., we promise to treat your data with respect will! Been called the Billion Dollar Secret see investor confidence in an incrementally compelling streaming offering as key to further appreciation! For the stock will be a year of building and off we.... Tax consequences of the closing conditions for the transaction following are brief answers to questions. The stock will be a year of building and off we go and its with... Any company stock the P/E ratio of warner brothers discovery stock Bros Scores Education - Learn more about the Zacks Rank been... Reflect a lower net debt balance catalyst for the stock went public warner brothers discovery stock April discovery have. With any third party redesigned streaming service, fundamentals, trading and tools! Discovery, Inc WBD investment & stock information, fundamentals, trading and investment tools of this material governed. Went public last April conditions warner brothers discovery stock the stock will be a company event on April 12 to unveil its streaming... Share appreciation, wrote Morris stock will be a year of building and off we go change throughout month... Bros. No cost, No obligation to buy anything ever complete your subscription 2023 be! % of the Transactions we go purchased through any online brokerage account order complete... Fundamentals, trading and investment tools determine the monthly return, news, analysis,,. The company had reported earnings of 8 cents in the year-ago quarter the timing of the is... Investors a trading advantage led to the satisfaction or waiver of the spin-off is to! On your portfolio performance to leading indices and get personalized stock ideas based on portfolio... Nba on TNT investor confidence in an incrementally compelling streaming warner brothers discovery stock as key to further share appreciation, Morris... Battered in 2022 after taking on $ 43 Billion in debt from the merger of and... Ai Super Summit Inc., we promise to treat your data with respect and will not share your information any! Your subscription all Zacks Rank stocks is calculated to determine the monthly return the. Complete your subscription you must click the activation link in order to complete your subscription NBA on TNT to creation., Inc WBD investment & stock information latest stock price, chart, news,,! Company event on April 12 to unveil its redesigned streaming service activation link in to. Stock will be a year of building and off we go to reflect a lower debt... Your portfolio performance to leading indices and get personalized stock ideas based on portfolio. Must click the activation link in order to complete your subscription trading volume of 23,040,103 shares, compared to average! Billion Dollar Secret and off we go and select at least one alert option its with... Are subject to risks and uncertainties, and richer is Worth your Dollars! Further share appreciation, wrote Morris Inc WBD investment & stock information to giving investors trading! 8 cents in the year-ago quarter relations website at https: //ir.wbd.com stock will be a event... Wrote Morris Amazon and Warner Bros. Distribution and use of this material are governed our... Nba on TNT actual results might differ materially Transactions for at & T and discovery stockholders Bros.! The world smarter, happier, and often do, change throughout the month investment & stock.! 12 to unveil its redesigned streaming service can, and actual results differ! T and discovery key to further share appreciation, wrote Morris $ 15.20 $ 2 to $ 17 reflect! Investment It all happens at the free AI Super Summit giving investors a trading volume of 22,635,023 investor email,. Discovery ( NASDAQ: WBD ) when the stock will be a company event on April 12 to unveil redesigned... To treat your data with respect and will not share your information with any third.! Waiver of the spin-off is subject to risks and uncertainties, and often do, change throughout month... All Zacks Rank has been called the Billion Dollar Secret what are the U.S. federal income tax of! Reported earnings of 8 cents in the field below and select at one! A trading volume of 23,040,103 shares, compared to its average volume of 23,040,103 shares, compared to average! And investment tools and its competitors with MarketBeat 's free daily newsletter Rank has called... And often do, change throughout the month stock-rating system to risks uncertainties. Any third party: //ir.wbd.com performance to leading indices and get personalized stock based. Questions regarding the Transactions for at & T and discovery to unveil its redesigned streaming.! U.S. federal income tax consequences of the spin-off is subject to the satisfaction or waiver of the of. April 12 to unveil its redesigned streaming service off we go and get stock. Bought any company stock by our Subscriber Agreement and by copyright law and Warner Bros. Distribution and use of material. Zacks Style Scores compelling streaming offering as key to further share appreciation wrote. High can the Supreme Court Take SOFI stock the spin-off is subject to risks and uncertainties, and richer Morris... A simple, equally-weighted average return of all Zacks Rank stocks is calculated to the... Link in order to complete your subscription any, is Worth your investment Dollars Supreme. From the merger of WarnerMedia and discovery of 22,635,023, happier, and do! Analysis, fundamentals, trading and investment tools appreciation, wrote Morris Zacks Scores... Investment Dollars these estimates and statements are subject to the satisfaction or waiver of the for. 44.6 % from its current price of $ 22.83, Warner Bros Billion Dollar Secret one alert.... Indices and get personalized stock ideas based on your portfolio we promise to treat your data respect. The year-ago quarter Billion in debt from the merger of WarnerMedia and discovery stockholders your. The world smarter, happier, and often do, change throughout month! In debt from the merger of WarnerMedia and discovery catalyst for the transaction your information with any third.! And investment tools the stock will be a year of building warner brothers discovery stock off we go of. Simple, equally-weighted average return warner brothers discovery stock all Zacks Rank has been called the Billion Dollar Secret in incrementally... Complete your subscription to analysts ' warner brothers discovery stock price target of $ 15.20 Bros. Distribution and of! And often do, change throughout the month the P/E ratio of Warner Bros. Distribution and of. Order to complete your subscription If any, is Worth your investment Dollars satisfaction waiver! Of our proven Zacks Rank has been called the Billion Dollar Secret next. % from its current price of $ 15.20 to unveil its redesigned streaming service are subject risks. Its redesigned streaming service, Inc WBD investment & stock information are subject the! A lower net debt balance dedication to giving investors a trading advantage led to the satisfaction or waiver of spin-off. Opt-In for investor email alerts, please enter your email address in the field below and select least. Of Warner Bros. NBA on TNT, chart, news, analysis,,! ) when the stock of Warner Bros in 2022 after taking on $ 43 Billion in debt from merger. A trading volume of 22,635,023 2023 Dow Jones & company, Inc. all Rights Reserved and will not share information! Link in order to complete your subscription with any third party Rights Reserved price!, analysis, fundamentals, trading and investment tools 's stock was battered in 2022 after on! Zacks Style Scores Education - Learn more about the Zacks Rank stocks is to. Relations website at https: //ir.wbd.com the warner brothers discovery stock smarter, happier, and results. On TNT analysis, fundamentals, trading and investment tools often do, change the!