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World Wrestling Entertainment, Inc. (WWE)

  • 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.
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  • 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.
    • Press Release
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  • Oct. 22, 2014, 2:37 PM
    • Shares of World Wrestling Entertainment (WWE -7.1%) slide lower again as sentiment remains shaky following a short presentation yesterday by Mangrove Partners.
    • "We think people are really unhappy and that the number of [[streaming]] additions is going to prove very disappointing," warns analyst Nathaniel August.
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  • Jul. 31, 2014, 3:58 PM
    • World Wrestling Entertainment (WWE +3.2%) is an unusual gainer in an otherwise down day, after reporting a smaller than expected Q2 loss and announcing a 10-year deal with Rogers Media to be the exclusive distribution partner of all WWE pay-per-view events throughout Canada.
    • The company plans to get its WWE Network to 1.4M subscribers; almost twice the number it had at the end of Q2; to achieve that, it announces new pricing options and plans to cut its workforce by 7%.
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  • Jul. 17, 2014, 12:15 PM
    • Shares of World Wrestling Entertainment (WWE +6.5%) move higher on heavy volume on renewed buyout speculation.
    • The M&A buzz in the media sector kicked into a higher gear yesterday after 21st Century Fox made an offer for Time Warner.
    • Though the streaming sub growth at WWE hasn't dazzled, analysts think the initiative could still draw interest from a company on the distribution side of the business.
  • May. 16, 2014, 12:46 PM
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  • May. 16, 2014, 9:17 AM
  • May. 15, 2014, 6:57 PM
    • World Wrestling Entertainment (WWE) says it reached a new multi-year television deal with NBCUniversal for Raw to return to the USA Network and Smackdown to run on Syfy.
    • An early afternoon report tipping off the deal sent shares 3% higher during regular trading but have plunged 20.2% AH, perhaps because the actual announcement failed to include financial terms.
    • WWE also says it expects to potentially double or triple its 2012 operating income before depreciation and amortization to $125M-$200M by 2015, based on an aggressive ramp of 2M-2.5M subscribers.
  • Apr. 11, 2014, 3:58 PM
    • "World Wrestling (WWE -3.9%) is facing multiple challenging factors, including underwhelming subscription figures for their WWE network in addition to a multi-year negative earnings trend, suggesting that the firms' intrinsic value is materially lower than the current stock price," says Emmanuel Lemelson, who made the case for shorting the stock a few weeks back on Seeking Alpha, and updated his argument after Monday's disappointing video channel subscriber numbers.
    • "The stock may have gotten a little ahead of itself, and a lot of momentum names have been fading," concedes The Vertical Group's Kim Opiatowski, but the subscription numbers were good ones. He continues to rate the name a Buy with $33 price target.
    • Lemelson puts fair value at no more than $11.88 per share.
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  • Apr. 7, 2014, 12:45 PM
  • Apr. 7, 2014, 11:53 AM
    • Shares of World Wrestling Entertainment (WWE -19.9%) are slammed after the company releases subscriber totals for its online video channel.
    • A sub count of 667K is below early expectations for a mark of closer to a million.
    • WWE had almost double YTD on enthusiasm over the online venture before today's selling frenzy.
  • Mar. 13, 2014, 2:14 PM
    • Shares of World Wrestling Entertainment (WWE +0.6%) spiked higher in mid-day trading on a rumor that AMC Networks is interested in buying the company.
    • The 7% rally in WWE to all-time highs has been quickly deflated.
  • May. 3, 2012, 11:07 AM
    World Wrestling Entertainment (WWE +10.1%) trades higher after smashing the estimates of analysts with its Q1 report. Revenues in North America increased 4% Y/Y to $93M, led by the performance of the Live and Televised Entertainment segment. Looking forward, international growth could be the story for the company after 3 events in Abu Dhabi drew close to 15K people in attendance at each with an average ticket price of $147.
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  • Mar. 7, 2012, 12:46 PM
    World Wrestling Entertainment (WWE -1.1%) dips after Roth Capital cut the shares downgraded to Neutral on the back of its the lower-than-expected Q4 report and expected weakness post-Wrestlemania when The Rock's storyline ends April 1. The firm also lowers its price target to $10 from $13.
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Company Description
World Wrestling Entertainment Inc is engaged in the development, production & marketing of television & pay-per-view event programming and live events & the licensing & sale of consumer products featuring its World Wrestling Entertainment brands.