Thu, Jul. 30, 11:09 AM
- World Wrestling Entertainment (WWE +16.7%) flies after reporting an 83% increase in average WWE Network subscribers to 1.216M in Q2.
- Average paid subscribers rose 31% Q/Q.
- The company expects paid network subscribers of ~1.2M in Q3.
- Revenue in North America fell 12.9% to $107.4M during the quarter.
- Previously: World Wrestling Entertainment beats by $0.09, beats on revenue
Thu, Jul. 30, 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%.
Thu, Jul. 30, 8:45 AM
Thu, Jul. 23, 1:54 PM
Wed, Jul. 8, 11:33 AM
- World Wrestling Entertainment (WWE +0.5%) is initiated with an Outperform rating and a $22-$24 price target range at Wells Fargo, which says investors are underrating the potential upside for the company's WWE Network streaming service.
- Wells admits that WWE is controversial after abandoning its pay-per-view model for an over-the-top streaming service in early 2014, but says sentiment turned this year and the stock is +26% YTD thanks to 1.33M subscriptions for March's WrestleMania, and investors still are failing to give the network enough credit for the substantial upside potential from here.
- The firm also likes the above average dividend yield, which it thinks could go much higher with the ramp of WWE Network subs and corresponding free cash flow.
Wed, Jun. 17, 9:12 AM
Thu, Apr. 30, 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.
Thu, Apr. 30, 8:38 AM
Thu, Apr. 23, 4:41 PM
Thu, Apr. 16, 1:57 PM
Mon, Mar. 30, 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.
Mon, Mar. 23, 11:36 AM
- NBCUniversal (NASDAQ:CMCSA) and wrestling behemoth WWE (WWE +1.1%) are tightening their alliance when it comes to advertising and marketing, forming a new approach that will lead to unified campaigns across media platforms.
- WWE wrestling has run on NBCU's USA Network and Syfy for years, and while NBCU has handled TV ads, WWE has focused on digital and social marketing. Last year the two companies renewed their deal to keep the wrestling programs on NBC outlets in exchange for about $200M in licensing fees.
- The new strategic pact comes as advertisers begin to focus more on upfronts, where TV nets sell most of their ad inventory. A unified approach could help NBCU and WWE wield more power.
- Paramount has jumped into the new deal, agreeing to heavily cross-promote and advertise Terminator: Genisys with Wrestlemania and other events from spring through to the film's summer release.
Thu, Feb. 12, 9:15 AM
Thu, Feb. 12, 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.
Thu, Feb. 12, 9:01 AM
Thu, Feb. 5, 2:48 PM
WWE vs. ETF Alternatives
World Wrestling Entertainment Inc is an integrated media and entertainment company. It is engaged in the production and distribution of content through various channels including digital over-the-top (OTT) WWE Network, live events and feature films.
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