I owned shares of Discovery capital stock prior to the Closing Date. Discussions of additional risks and uncertainties are contained in AT&Ts and Discoverys filings with the Securities and Exchange Commission. Discovery, we strive to be the global leader in media and entertainment, serving audiences and consumers around the world with content that informs, entertains, and, when we are at our best, inspires. 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. WebThe all-time high Warner Bros Discovery stock closing price was 77.27 on March 19, 2021. Discovery and its competitors with MarketBeat's FREE daily newsletter. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Discovery posted fourth-quarter revenue slightly below expectations. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign up for THR news straight to your inbox every day. We want to hear from you. Shares of Warner Brothers Discovery are on the move. 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? 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. Does Warner Bros. 55.18% of the stock is currently owned by institutional investors and hedge funds. The eligible owners of AT&T's shares will have the right to receive WBD stock in a tax-free transaction. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Discovery Reports Revenue Miss Shares fell 2.7% to $15.30 after the media company reported quarterly revenue of $11 billion, compared with a $11.2 billion Wall Street consensus. 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. Discovery? 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 Content, Brokers Issue Forecasts for Warner Bros. However, the media merger has thus far been a disappointment. Heres What to Know. Should I buy or sell Warner Bros. What is the CUSIP for Warner Bros. Discovery and raised his stock price target by $1.50 to $18. The company can offer a broader array of programming options within the product and still intends to offer Discovery+, Goss said. 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. Discovery pay a dividend? Warner Bros. Reconciliations between the non-GAAP financial measures and the closest GAAP financial measures are available on Warner Bros. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Discovery, Inc. (WBD) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed (-0.30%) Dow 30 -232.39(-0.71%) Nasdaq -11.44(-0.10%) Russell Discovery posted fourth-quarter revenue slightly below expectations. But the U.S. is about to strike back with a forceful plan of action to increase domestic production. Discovery's stock is owned by a number of retail and institutional investors. The scores are based on the trading styles of Value, Growth, and Momentum. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Such estimates and statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, the combined Spinco and Discovery companys plans, objectives, expectations and intentions, and other statements that are not historical facts. The stock has traded between $15.55 and $16.34 so far today. ZacksTrade and Zacks.com are separate companies. But some also turned their attention to questions about the future. Discovery trades on the NASDAQ under the ticker symbol "WBD.". Discovery still has a long way to go to reach profitability. Learn More. Warner Bros. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from So far 4,520,963 shares have traded compared to average volume of 20,975,095 shares. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Discovery, Inc. to send you the requested investor email alerts. All rights reserved. Its worth noting that among 19 analysts who cover Warner Bros. 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. The company ended the quarter with $49.5 billion in gross debt and $3.9 billion in cash on hand. At Warner Bros. Trades under the symbols "T WD" and "WBDWV" will settle after the closing date of the WarnerMedia-Discovery transaction. quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright 2023 InvestorPlace Media, LLC. 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%). Shares of Amazon and Warner Bros. Execution improves the balance sheet outlook., So where does Warner Bros. Visit Performance Disclosure for information about the performance numbers displayed above. Box 43006 Got a confidential news tip? Discovery's next earnings date? Talk about a change in tone! The estimated market cap for 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. Such statements are based upon the current beliefs and expectations of the management of AT&T and Discovery and are subject to significant risks and uncertainties outside of our control. China is aggressively locking up mines and production. Sign-up to receive the latest news and ratings for Warner Bros. He has been employed by The Fly and Israels largest business newspaper, Globes. Discovery, Inc. 230 PARK AVENUE SOUTH, NEW YORK, New York, 10003, United States +1 212 548-5555 Warner Bros. The Zacks Rank has been called the Billion Dollar Secret. Warner Bros. Discovery as of the date hereof. Cost basis and return based on previous market day close. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. All other marks contained herein are the property of their respective owners. In the past three months, Warner Bros. Discovery set to leave regional sports network business, tells teams to find new partners, Warner Bros. Warner Bros. Get the latest Warner Bros Discovery, Inc WBD detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. 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. 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. At Warner Bros. Discovery Inc. Series A U.S.: Nasdaq after hours $ 15.45 WBD -0.10 -0.64% Feb 24, 2023 7:57 p.m. EST After Hours Vol. *Average returns of all recommendations since inception. Discovery's (WBD) Q4 Earnings, Ad Sales Drop Y/Y, Warner Bros. An error has occurred, please try again later. Discovery secured the rights to J.R.R. 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. AT&T expects to close the transaction in April,second quarter dividend on common stock, payable in May,has been set according to previously announced updated dividend policy. PEG Ratios above 1 indicate that a company could be overvalued. 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. The following are brief Copyright Warner Bros. DTC losses of $217 million versus our $580 million and Streets $534 million (estimates) were the clear highlight of the fourth quarter, he argued. 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. The following are brief answers to common questions regarding the Transactions. Discovery in connection with the completion of the transactions (the Transactions) to acquire the WarnerMedia business from AT&T Inc. (AT&T). Statement Concerning Forward-Looking Statements. 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. View the best growth stocks for 2023 here. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Warner Bros. 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