Categories Earnings, Leisure & Entertainment
World Wrestling Entertainment (WWE): Q4 2019 Earnings Snapshot
— World Wresting Entertainment (NYSE: WWE) reported fourth quarter 2019 earnings of $0.78 per share vs. $0.73 expected.
— Revenue rose 18% year-over-year to $322.8 million vs. $333.28 million expected.
— For FY20, WWE expects adjusted OIBDA in the range of $250 million to $300 million.
— WWE cautioned that the outcome of strategic initiatives it is taking to increase the monetization of content in 2020 and/ or subsequent years is subject to considerable uncertainty.
— Media segment revenue grew 29% in Q4 2019 to $264.6 million.
— Revenue from Live Events declined to $27.4 million from $34.4 million in the prior-year quarter.
— Revenue from Consumer Products decreased to $30.8 million from $32.8 million in Q4 2018, hurt by the lower video game royalties.
— WWE shares plunged to a new 52-week low ($40.24) in today’s morning session.
Get access to timely and accurate verbatim transcripts that are published within hours of the event
Most Popular
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core
AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results
American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's