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
Broadcom (AVGO) seems a good buy ahead of VMware deal. Here’s why
The performance of Broadcom, Inc. (NASDAQ: AVGO) has been impressive in the last few years -- a period of high uncertainty -- as the successful business model helped it remain
Delta Air Lines (DAL): A look at the airline’s expectations for the near term
Shares of Delta Air Lines Inc. (NYSE: DAL) were down 2% on Monday. The stock has dropped 12% year-to-date. The company delivered double-digit revenue growth for its most recent quarter
Why it’s a good idea to keep an eye on Autodesk (ADSK) stock
Autodesk, Inc. (NASDAQ: ADSK) is a market leader in computer-assisted design software, catering mainly to the architecture, engineering, construction, and manufacturing sectors with its mission-critical solutions. The company, which is
