— Wanda Sports Group Company (NASDAQ: WSG) reported third-quarter
2019 loss of $0.25 per share, vs. $0.13 per share loss expected.
— Net revenue rose 8% $267.4 million, vs. $280.8 million expected. The top line was driven by an increase in revenue from our mass participation and spectator sports segments.
— CEO: Our near-term profitability has been impacted by the expenses in stock-based compensation, the remaining IPO-related costs and the financing cost.
— Expects Q4 revenue to be in the range of €245 million to €260 million, down 7-1% year-over-year. For full-year 2019, revenues are projected between €1,020 million and €1,035 million, down 10-8%.
— WSG shares have declined 32% in the year-to-date period.
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