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World Wrestling Entertainment, Inc. (NYSE:NYSE:WWE) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ETCompany ParticipantsSeth Zaslow - Head of IRNick Khan - CEOFrank Riddick - CFOPaul…

World Wrestling Entertainment Inc (NYSE: WWE ) reported a first-quarter FY23 decline of 11% year-on-year to $297.6 million, beating the consensus of $291.46 million. The revenue fall was primarily due to a shift in the timing of the staging of a large-scale international event, which occurred in the first quarter of … Full story available on Benzinga.com

World Wrestling Entertainment Inc.’s WWE stock rose 1.2% in premarket trades after the media and entertainment company’s first-quarter results beat Wall Street’s top and bottom line estimates early Wednesday. The company reported net income of $36.7 million, or earnings of 43 cents a share, compared with net income of $66.1 million, or 77 cents a share, in the same period last year. Analysts surveyed by FactSet were looking for earnings of 42 cents a share. WWE’s first-quarter revenue was $297.6 million, down from $333.4 million in the prior year’s quarter, but above the FactSet consensus of $291.5 million. The company also reaffirmed its 2023 outlook, which targets record revenue and adjusted OIBDA (Operating Income Before Depreciation and Amortization) between $395 million and $410 million, which would be a record. “Our financial performance was primarily driven by the contractual escalation of media rights fees for our flagship weekly programming and strong consumer demand for our live events,” said WWE CFO Frank Riddick, in a statement. “Our results in the quarter were also impacted by a shift in the timing of the staging of a large-scale international event.” Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

WWE has always been a business that relies on fan support to survive, something the new management team understands. Read why WWE stock is a Hold right now.

WWE (NYSE: WWE) announced that its Board of Directors today declared the Company’s regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be September 15, 2022 and the payment date will be September 26, 2022. About WWE WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized

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Professional wrestling promotion World Wrestling Entertainment, Inc. (NYSE: WWE) recently announced the appointment of Stephanie McMahon and Nick Khan as co-Chief Executive Officers of the company. The appointments come in the wake of Vince McMahon’s retirement announcement on Friday, July 22. Following the news, shares of the company gained by almost 8% to close at $71.41 in yesterday’s extended trade. WWE Moves Quick to Fill Key Leadership Roles Following Vince’s Exit Lately, the company’s erstwhile CEO and Chairman, Vince McMahon, has been riddled with controversies related to hush-money agreements paid over alleged affairs with former WWE employees. Notably, MacMahon continues to be the majority shareholder of the company. Meanwhile, Ms.

World Wrestling Entertainment Inc (NYSE: WWE ) held its first full-capacity two-night WrestleMania event in company history over the weekend. A related mobile application experienced increased download volume in the Apple Inc (NASDAQ: AAPL ) app store during the event. What Happened: The Peacock TV app saw heavy usage during the wrestling event. WWE inked an exclusive streaming deal with Peacock TV parent Comcast Corp (NASDAQ: CMCSA ) last year. The Peacock TV app was ranked as high as 34th and as low as 64th in the … Full story available on Benzinga.com

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. With capital continuing to flow into non-fungible tokens (NFTs), there is an increasing number of projects in a variety of sports leagues, including Major League Baseball, the National Basketball Association, Major League Soccer and combat sports entertainment such as Endeavor Group Holdings Inc. ’s (NYSE: EDR ) UFC and World Wrestling Entertainment Inc. (NYSE: WWE ). Professional services firm Deloitte has predicted that up to 5 million sports fans will purchase sports NFTs by the end of 2022, and that the market could reach $2 billion this year. Companies like Canada-based Fandom Sports Media Corp. (CSE: FDM) (OTCQB: FDMSF ) (FSE: TQ43), which has developed a gaming and micro-services platform for Esports and a wagering … Full story available on Benzinga.com

World Wrestling Entertainment, Inc (NYSE: WWE ) announced that WrestleMania 38 ranks as WWE’s highest-grossing and most-attended event in company history. What Happened: The two-night weekend event saw 156,352 fans converge on AT&T Stadium in Dallas, surpassing the previous gate and attendance records set by WrestleMania 32 in 2016. “The week provided an economic windfall for Dallas and proved once again that our city is a first-class host for major sporting events,” said Dallas Mayor Eric Johnson . Wrestlenomics reporter Brandon Thurston told his Twitter followers there were over 131,000 tickets distributed for the event. WWE publishes in the release the combined announced attendance, which includes an unknown … Full story available on Benzinga.com

WrestleMania came roaring back (from a business standpoint) for World Wrestling Entertainment (WWE), up 1.7% as the weekend event broke revenue and attendance records set in 2016