Copyright Warner Bros. What is Warner Bros. Discovery's stock symbol? The Hollywood Reporter is a part of Penske Media Corporation. Discovery's investor relations website at https://ir.wbd.com . They're lower by about 3.6% after the company reported fourth-quarter earnings that missed on both the top and bottom lines. Discovery and raised his stock price target by $1.50 to $18. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. Discovery has received a consensus rating of Buy. This stock dividend is in connection with the previously announced transaction to combine AT&Ts WarnerMedia business with Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK). This release has been revised since it was originally published to update the NYSE symbol for AT&T common stock trading in the ex-distribution market. At the updated rate, AT&Ts stock remains among the best dividend-yielding stocks in the United States and in the Fortune 500. Discovery. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Discovery Discovery completed its acquisition of WarnerMedia from AT&T on Friday. I owned shares of AT&T common stock prior to the Closing Date. Two-Way Trading for AT&T Stock Expected to Begin on April 4. Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. 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. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. A high-level overview of Warner Bros. Warner Bros. Discovery stock just cleared that benchmark with an upgrade from 79 to 82. 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. 326 E 8th St #105, Sioux Falls, SD 57103 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. Warner Bros. ZacksTrade and Zacks.com are separate companies. 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. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol WBD. Discovery. As of April 8, 2022 (the Closing Date), Discovery, Inc. (Discovery) was renamed Warner Bros. Tolkien's books, Damn, Warner Bros. The firm maintained its market perform rating on Warner Bros. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. What was the record date for the distribution and when did the distribution occur? 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Sign in to your free account to enjoy all that MarketBeat has to offer. Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free Investors had high hopes for Warner Bros. The P/E ratio of Warner Bros. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. However, its focus on producing engaging and quality content from now on could take it far, whether in gaming, streaming, or at the box office. I owned shares of Discovery capital stock prior to the Closing Date. According to analysts' consensus price target of $21.98, Warner Bros. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Warner Bros. Zacks Ranks stocks can, and often do, change throughout the month. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. Warner Bros. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. 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. All Rights Reserved. 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. 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, Inc.'s Q1 2024 Earnings (NASDAQ:WBD), RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. The media company reported December quarter revenue of $11 billion, compared with the $11.2 billion Wall Street consensus, according to FactSet. Zacks Rank Education -- Learn more about the Zacks Rank All rights reserved. Talk about a change in tone! P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Discovery have? 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. Discovery insiders have not sold or bought any company stock. No fractional shares of WBD common stock were issued in the merger, Computershare is your primary contact for issues and questions relating to your account, as well as to request a change of address, stock transfers, and other questions related to WBD common stock of which you are the record owner. Discovery, Inc., formerly Discovery, Inc., is a global media and entertainment company. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Warner Bros. In the past three months, Warner Bros. Warner's recent prioritization of quality over quantity in its content is promising for its future. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. In-depth profiles and analysis for 20,000 public companies. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. 2023 The Hollywood Reporter, LLC. Moreover, Warner Bros. Get this delivered to your inbox, and more info about our products and services. Does Warner Bros. The Motley Fool has a disclosure policy. He has been employed by The Fly and Israels largest business newspaper, Globes. Turning the Corner? asked the MoffettNathanson team led by Robert Fishman and Michael Nathanson in a Friday report. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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.. 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. Discovery's next earnings date? Discovery make? 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. PEG Ratios above 1 indicate that a company could be overvalued. 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. The big question is whether the legacy Discovery content fits that bill., Barrington Researchs James Goss also emphasized the positives and the open questions in his Friday report, in which he maintained his market perform rating on Warner Bros. At Warner Bros. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Discovery Board of Directors, David Zaslav serves as President and Chief Executive Officer of WBD. WBDWV Trading A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Discovery (NASDAQ:WBD) has a market capitalization of $37.03 billion and generates $33.82 billion in revenue each year. Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. 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. Inflation has eased every month since, with the same figure at 6.4% in January 2023. Seth Klarman's Baupost has likely made a $190 million gain on Warner Bros. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. WBD stock began trading today at $24.08 a share. Discovery, Inc. Series A Common Stock (WBD) at Nasdaq.com. This is an estimated date of earnings release. The Stock Is Falling. Discovery and how many votes do I get for each share? When is Warner Bros. 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 started the new year at a disadvantage, with both their businesses hit hard in 2022. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. If you experience any issues with this process, please contact us for further assistance. Source: Ingus Kruklitis / Shutterstock.com. WBD: Warner Bros Discovery Inc - Stock Price, Quote and News - CNBC Warner Bros Discovery Inc WBD:NASDAQ EXPORT WATCHLIST + LIVE SHARK We also use cookies and data to tailor the experience to be age-appropriate, if relevant. Investors will pay close attention. Warner Bros. Should I buy or sell Warner Bros. The media The next key catalyst for the stock will be a company event on April 12 to unveil its redesigned streaming service. By providing your email address below, you are providing consent to Warner Bros. However, the company has said that with its restructuring largely complete, 2023 is a year of rebuilding. View which stocks are hot on social media with MarketBeat's trending stocks report. On Feb. 10, Warner Bros. 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. Warner Bros. You can sign up for additional alert options at any time. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. Discovery finally bailing out of regional sports - report, Warner Bros. Wonder Woman 1984 - Warner Bros. Discovery's (WBD -3.62%) stocks plunged 50% and 62%, respectively, amid macroeconomic headwinds and remain down between 39% to 44% year over year. We want to hear from you. Discovery put volume heavy and directionally bearish, RBC Capital Keeps Their Buy Rating on Warner Bros (WBD), Warner Bros. 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