Tue, May 10, 9:27 AM
- World Wresting Entertainment (NYSE:WWE) has picked up 3.2% premarket after it beat on top and bottom lines with its Q1 earnings report and saw operating income growth coming in the second half.
- Revenue rose 13% on a pro forma basis (WrestleMania occurred in Q2 this year, vs. Q1 last year), while OIBDA was up 31% and up 29% on pro forma basis.
- Revenues by segment: In Media Division, Network, $40.3M (up 7.2%); Television, $60.7M (up 4.3%); Home Entertainment, $3.3M (down 29.8%); Digital Media, $5.4M (up 27.9%); Live Events, $25.3M (down 35.6%). In Consumer Products, Licensing, $21M (up 27.3%); Venue Merchandise, $5.5M (down 34.5%); WWEShop, $6.8M (up 28.3%); WWE Studios, $2M (up 33%).
- The WWE Network averaged 1.29M paid subs (up 39%) in growing to 1.47M subs at Q1's end. And it hit a record 1.82M total subs after WrestleMania (again, in Q2 this year). Content drew 10B YouTube views over the past 12 months, the company says.
- It's guiding to average paid subs of 1.5M in Q2, and adjusted OIBDA of about $5M-$9M.
- Conference call to come at 11 a.m. ET.
- Press Release
Mon, Apr. 4, 10:20 AM
- Is it the golden age for wrestling again? WrestleMania 32 became the highest-grossing live event for World Wrestling Entertainment (WWE +3%) and set an attendance record last night, drawing 101,763 to surpass a mark of 93,173 set in 1987 with WrestleMania 3.
- A near five-hour show that had been criticized in the lead-up for featuring storylines from part-time (and older) wrestlers put a couple of surprises in, including a match that featured popular legacy wrestler Dwayne "The Rock" Johnson and a returning John Cena.
- The event, in Arlington, Texas, became the highest-grossing live event ever for WWE, drawing $17.3M and easily surpassing last year's previous record of $12.6M.
- A rash of injuries had weakened the annual event's card this year.
- Heading into the weekend event, Macquarie reiterated its hold rating on the stock and price target of $18, while Pacific Crest had launched coverage at Overweight with a $22 (which holds 23% upside from today's raised price).
- Now read Demystifying WWE's Business »
Thu, Mar. 31, 1:32 PM
- Ahead of its flagship event on Sunday, WrestleMania 32, World Wresting Entertainment (NYSE:WWE) is trading 1.5% lower, and Macquarie is expressing concerns about the stock.
- One is subscribers. The WWE Network launched in the UK in January 2015, adding a number of international subs, but "We were never given a subscriber number at January's Royal Rumble," says Macquarie's James Clement. "If this figure was favorable, we have a feeling it would have been disclosed."
- In addition, not only might WrestleMania be weak on storylines -- four of six superstars in the big matches aren't full-time wrestlers -- it's competing on a tough sports weekend, with the NCAA Final Four and championship game, and MLB's Opening Day. "There may well be a limit to the number of hours WWE's target demographic is able to spend in front of the TV screen without irritating their parents, spouses or significant others," Clement says.
- Now read Demystifying WWE's Business »
Thu, Jan. 28, 10:32 AM
- Take-Two Interactive (TTWO -1.3%) and WWE (WWE +2.3%) have set a multi-year extension on their deal covering WWE's pro wrestling video games, popular titles that are among the biggest contributors to Take-Two revenue.
- The WWE 2K series will continue after the most recent WWE 2K16 entry, and 2K Games will continue to invest in its card-battling game WWE SuperCard, which originally launched in August 2014.
- Terms of the deal weren't disclosed. WWE 2K16 launched in October on PS3 and PS4 systems and Xbox 360 and Xbox One; WWE SuperCard, for iOS/Android, has been downloaded more than 9M times.
Thu, Jan. 14, 10:31 AM
- World Wrestling Entertainment (WWE +3.4%) is holding on to gains after being added to the S&P SmallCap 600.
- Looking ahead, some analysts think the company has been lowballing subscriber growth guidance which sets it up for a Q4 earnings surprise.
- Previously: EXR, USCR, WWE up in late trading on S&P index changes (Jan. 13 2016)
Wed, Jan. 13, 5:54 PM
- Self-storage REIT Extra Space Storage (NYSE:EXR) is up 2% after hours as it's set to join the S&P 500 after the close of trading Friday.
- The company is replacing Chubb (CB -0.7%), which is being acquired by ACE Ltd. (already in S&P 500) in a deal expected to close tomorrow. Ace will change its name to Chubb and take over the CB ticker symbol after that closure.
- EPR Properties (NYSE:EPR) will replace Extra Space Storage in the S&P MidCap 400, and U.S. Concrete (NASDAQ:USCR) is replacing EPR in the SmallCap 600 after Friday's close. USCR is up 4.1% after hours.
- With Wausau Paper (NYSE:WPP) set to be acquired by SCA around Jan. 20, World Wrestling Entertainment (NYSE:WWE), up 4.1% after hours, is replacing Wausau in the SmallCap 600 after the close that day.
Oct. 23, 2015, 1:21 PM
- World Wrestling Entertainment (WWE +7.7%) trades higher after the company announced it launched the WWE Network in India.
- The entertainment company is running some promotions in an effort to bring in subscribers.
- Global expansion of the WWE Network has been a major topic during recent World Wrestling Entertainment conference calls.
Jul. 30, 2015, 9:12 AM
- Gainers: UNXL +33%. UNIS +22%. MEET +18%. GEVO +17%. SHOP +15%. OTEX +15%. WWE +15%. SGYP +13%. SKX +12%. MWW +9%. HBP +8%. HOLX +8%. WDC +8%. APD +6%.
- Losers: PRSN -35%. LNCO -21%. LINE -19%. FMI -18%. SSYS -18%. ITG -14%. FOE -13%. WFM -12%. QRVO -12%. OSK -11%. LOCK -11%. DDD -9%. MNKD -7%. NCR -6%. GNCA -6%. FMS -5%. MPC -5%. CROX -5%.
Apr. 30, 2015, 9:18 AM
- World Wrestling Entertainment (NYSE:WWE) reports its WWE streaming service is over 1.3M subscribers to mark +30% Q/Q growth.
- WWE subscribers watched an average of 53 hours of content during the quarter in an indication that the retention rate with subscribers stands a good chance of being high.
- The company launched WWE Network in the U.K. and Ireland during the period, while North Africa and the Middle East were added in the last month. Plans are in placed to enter India, China, Germany, Japan, Italy, Thailand, and Malaysia.
- Q1 revenue growth by segment: Media +38% to $104.8M, Live events +81% to $39.3M, Consumer products +30% to $30.2M, WWE Studios -65% to $1.5M.
- Previously: World Wrestling Entertainment beats by $0.11, beats on revenue
- WWE +3.55% premarket to $14.87.
Apr. 30, 2015, 8:38 AM
- World Wrestling Entertainment (NYSE:WWE): Q1 EPS of $0.13 beats by $0.11.
- Revenue of $176.2M (+40.3% Y/Y) beats by $4.75M.
- Shares +3.8% PM.
Mar. 30, 2015, 1:06 PM
- World Wrestling Entertainment (WWE -16%) falls sharply lower after the company discloses some streaming subscriber information.
- CEO Vince McMahon says the online TV network has 1.3M subscribers after running a free promotion in February.
- Execs indicated during Q&A that they would stick with a pricing of $9.99 for the service.
- A total subscriber count of 3M to 4M users is still the company's goal.
- Shares of WWE are still up 13.2% YTD despite today's slide.
- WWE Network Wrestlemania conference call webcast.
Feb. 12, 2015, 9:15 AM| Feb. 12, 2015, 9:15 AM | 5 Comments
Feb. 12, 2015, 9:05 AM
- World Wrestling Entertainment (NYSE:WWE) trades higher after the company tops earnings estimates.
- Network segment revenue was up 64% during the period.
- Revenue from the Asia Pacific region topped $10M for the first time.
- Consumer product revenue +22.9% to $20.4M.
- WWE Network subs +12% Q/Q to 816K.
- WWE +6.58% premarket to $14.25.
Feb. 12, 2015, 9:01 AM
- World Wrestling Entertainment (NYSE:WWE): Q4 EPS of -$0.01 beats by $0.07.
- Revenue of $140.5M (+18.7% Y/Y) beats by $4.8M.
- Shares +6.58% PM.
Oct. 30, 2014, 9:18 AM
- World Wrestling Entertainment (NYSE:WWE) reports its WWE Network expanded to 731K subscribers in Q3.
- 31K subscriber were added during the period - 3K in the U.S. and 28K international.
- The company's media division increased revenue by 5.8% to $76.9M.
- Live events revenue -13.1% to $21.8M.
- Strategy: The company plans a new pricing plan of $9.99 per month beginning on November 1.
- WWE +1.7% premarket.
Oct. 30, 2014, 8:57 AM
- World Wrestling Entertainment (NYSE:WWE): Q3 EPS of -$0.01 beats by $0.16.
- Revenue of $120.2M (+6.1% Y/Y) misses by $13M.
- Shares +1.73% PM.
World Wrestling Entertainment, Inc. is an integrated media and entertainment company, which is principally engaged in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.... More
Industry: Entertainment - Diversified
Country: United States
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