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Last $19.56 USD
Change Today +0.07 / 0.36%
Volume 54.4K
WWE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 9:45 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

world wrestling entertain-a (WWE) Key Developments

World Wrestling Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2015

World Wrestling Entertainment Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net revenues were $150.2 million against $156.3 million year ago. Operating income was $7.3 million against operating loss of $22.5 million year ago. Income before income taxes was $7 million against loss before income taxes of $22.8 million year ago. Net income was $5.1 million or $0.07 per basic and diluted share against net loss of $14.5 million or $0.19 per basic and diluted share year ago. OIBDA was $13.2 million against OLBDA of $14.6 million a year ago. Net cash provided by operating activities was $13.8 million against $4.7 million a year ago. Purchases of property and equipment and other assets was $5.3 million against $2 million year ago. Free cash flow was $8.5 million against $2.7 million a year ago. For the six months, net revenues were $326.4 million against $281.9 million year ago. Operating income was $22.4 million against operating loss of $34.7 million year ago. Income before income taxes was $21.5 million against loss before income taxes of $35.3 million year ago. Net income was $14.9 million or $0.20 per basic and diluted share against net loss of $22.5 million or $0.30 per diluted share year ago. Net cash provided by operating activities was $28.1 million against net cash used in operating activities $4.7 million year ago. Purchases of property and equipment and other assets was $11.0 million against $6.2 million year ago. OIBDA was $34.2 million against OLBDA of $21.8 million a year ago. Free cash flow was $17.1 million against negative free cash flow of $10.9 million a year ago. For the third quarter, the company expects ending paid network subscribers of approximately 1.2 million, representing an increase of about 3%-5% from the end of the second quarter 2015 and an approximate increase of 64% from the end of the third quarter 2014. Operating income is expected to be $6 million to $10 million, depreciation of $7 million, adjusted OIBDA was $13 million to $17 million. The company anticipated earnings growth on a year-over-year basis in the fourth quarter, and company said that it do not expect the same level of OIBDA growth as anticipated in the third quarter. In 2015, the company expects year-over-year adjusted OIBDA growth in every quarter, with growth driven by the performance of WWE Network, the contractual escalation of television rights fees, and continued innovation across all of the company’s businesses.

WWE Declares Regular Quarterly Dividend on Class A and B Shares of Common Stock, Payable on September 25, 2015

WWE announced that its Board of Directors 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, 2015, and the payment date will be September 25, 2015.

World Wrestling Entertainment Inc. Presents at Annual Needham Interconnect Conference, Aug-05-2015 10:40 AM

World Wrestling Entertainment Inc. Presents at Annual Needham Interconnect Conference, Aug-05-2015 10:40 AM. Venue: The Westin Grand Central Hotel, 212 E. 42nd Street, New York, New York, United States. Speakers: George A. Barrios, Chief Strategy and Financial Officer.

World Wrestling Entertainment Inc. to Report Q2, 2015 Results on Jul 30, 2015

World Wrestling Entertainment Inc. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 30, 2015

World Wrestling Entertainment Inc., Q2 2015 Earnings Call, Jul 30, 2015

World Wrestling Entertainment Inc., Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

WWE

Industry Average

Valuation WWE Industry Range
Price/Earnings 100.0x
Price/Sales 2.5x
Price/Book 7.0x
Price/Cash Flow 47.5x
TEV/Sales 2.3x
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