World Wrestling Entertainment (WWE) Tops Q2 EPS by 1c

World Wrestling Entertainment (NYSE: WWE) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $214.6 million versus the consensus estimate of $208.7 million.

For the third quarter 2017, the Company projects average paid subscribers to WWE Network of 1.54 million (+/- 2%). The Company also estimates third quarter 2017 Adjusted OIBDA of approximately $31 million to $35 million.2 This range represents an expected year-over-year increase from $24.5 million in the third quarter 2016 primarily due to the contractual escalation of television rights fees and continued growth of WWE Network subscribers.

For earnings history and earnings-related data on World Wrestling Entertainment (WWE) click here.

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