Sign up for free newsletters and get more CNBC delivered to your inbox. Export data to Excel for your own analysis. Let's assess. Discovery sues Paramount over 'South Park' streaming rights, Jim Cramer's top 10 things to watch in the stock market Friday, Warner Bros. Discovery have a direct stock purchase and dividend reinvestment program? Warner Bros. 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 Its shares fell in after-hours trading. View WBD analyst ratings or view top-rated stocks. Discovery stand now? Warner Bros. 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. Discovery, Inc. 230 PARK AVENUE SOUTH, NEW YORK, New York, 10003, United States +1 212 548-5555 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 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. All Rights Reserved. Receive WBD Stock News and Ratings via Email. Warner Bros Discovery Inc (WBD) stock is trading at $15.94 as of 10:36 AM on Monday, Feb 27, a gain of $0.39, or 2.54% from the previous closing price of $15.55. Non-GAAP Financial MeasuresThis communication may contain certain non-GAAP financial measures. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Where can I find historical stock price information? This transaction is expected to be completed between April 12 and the end of the month. Discovery still has a long way to go to reach profitability. AT&T Communications provides more than 100 million U.S. consumers with communications and entertainment experiences across mobile and broadband. If you experience any issues with this process, please contact us for further assistance. Mr. Zaslav is responsible for the strategic direction of WBD, including its overall operations and performance, Gunnar Wiedenfels serves as Chief Financial Officer of WBD, Please refer to our senior leadership team here: Warner Bros. Discovery's stock the better buy? Warner Bros. Throughout 2022, Amazon (AMZN -2.35%) and Warner Bros. 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. 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. Got a confidential news tip? Today is the record date that will determine which of AT&Ts (NYSE:T) stockholders have the right to receive shares of Warner Bros. Discovery this year. Discovery's stock price today? Which Dollar Store, If Any, is Worth Your Investment Dollars? AT&T shareholders would receive stock representing 71% of the new company, while Discovery shareholders would own 29%, it added. Since then, WBD shares have increased by 60.9% and is now trading at $15.25. 150 Royall Street, Suite 101 What is Warner Bros. The trading options that will be available during the two-way trading period are: AT&T Regular Way Trading 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. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. Theres no doubt the worst is behind WBD following a challenging merger integration period.. Warner Bros. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Stay up to date with the latest information. See Zacks' latest analysis free. The monthly returns are then compounded to arrive at the annual return. 2023 The Hollywood Reporter, LLC. 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 Warner Bros. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. Warner Bros. Warner Bros. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Companys plans, objectives, expectations and intentions, and other statements that are not historical facts. On Friday, Warner Bros. Sign In. WebGet the latest Warner Bros Discovery Inc (WBD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and Discovery's stock price forecast for 2023? Discovery's revenue totaled $11.01 billion, down 9% year over year, which it mainly attributed to macroeconomic headwinds that advertising. Discovery, Inc. (WBD) stock. Discovery posted fourth-quarter revenue slightly below expectations. Billions could be poured into exploration companies searching for new U.S. deposits. 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. But he lauded significant direct-to-consumer progress. After all, WBDs quarterly streaming losses of $217 million narrowed significantly compared with the more than $600 million recorded in the third quarter. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share. Warner Bros Discovery Transportation South African car subscription service Planet42 raises $100M equity, debt Tage Kene-Okafor 1:05 AM PST February 22, 2023 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. Discovery's stock was battered in 2022 after taking on $43 billion in debt from the merger of WarnerMedia and Discovery. Providence, RI 02940 U.S.A. Mailing address (overnight delivery): Discovery's stock has made a fierce comeback this year that has left its S&P 500 peers in the dust. What is the CUSIP for Warner Bros. If you choose to Reject all, we will not use cookies for these additional purposes. Delayed quotes by FIS. The Zacks Rank has been called the Billion Dollar Secret. Should I buy or sell Warner Bros. The following are brief answers to common questions regarding the Transactions. WebWarner Bros. Management raised its 2024 synergy guide ($4 billion-plus versus $3.5 billion prior) reflecting improved visibility, he noted in his report. Meanwhile, Guggenheims Michael Morris maintained his buy rating on Warner Bros. Warner Bros. Computershare Discovery WBD reported fourth-quarter 2022 loss of 86 cents per share. Computershare Discovery is held by insiders. Their WBD share price forecasts range from $11.00 to $40.00. 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%). 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. How much money does Warner Bros. How were my shares of WBD common stock issued? 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. WBD will have paid down $7 billion in debt since the Discovery-WarnerMedia merger closed, but its still got a heavy load. After close, investors should expect that AT&Ts share price will adjust to reflect the transfer of the WarnerMedia business to the newly formed Warner Bros. Upon completion of the Transactions, holders of AT&T common stock owned approximately 71% of the outstanding shares of WBD common stock on a fully diluted basis. In all cases, investors should consult with their financial and tax advisors regarding the specific implications of selling shares of their AT&T common stock or the right to receive shares of WBD common stock on or before the closing date of the WarnerMedia-Discovery transaction. (Computershare) serves as the transfer agent and registrar for WBD common stock. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Discovery lost a lot of money last year, Why Warner Bros Discovery Shares Are Sliding After Hours, Warner Bros. completeness, timeliness, or correct sequencing of any of the Information on *Average returns of all recommendations since inception. Research, Inc. nor its Information Providers can guarantee the accuracy, 326 E 8th St #105, Sioux Falls, SD 57103 Discovery released the Harry Potter-themedvideo gameHogwarts Legacy. Warner Bros. Discovery (NASDAQ: WBD) when the stock went public last April. You should consult your tax advisor as to the consequences of the Transactions to you, including the applicability and effect of any U.S. federal, state, and local tax laws, as well as foreign tax laws, which may result in the Transactions being taxable, For Discovery stockholders: Neither Discovery nor Discovery stockholders are expected to recognize gain or loss for U.S. federal income tax purposes upon the completion of the Transactions. Discovery has a PEG Ratio of 1.10. 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