World Wrestling Entertainment (WWE) Tops Q4 EPS by 5c, Revenue Misses, Offers Guidance

World Wrestling Entertainment (NYSE: WWE) reported Q4 EPS of $0.78, $0.05 better than the analyst estimate of $0.73. Revenue for the quarter came in at $322.8 million versus the consensus estimate of $333.28 million.

Full Year 2020 Business Outlook:

Management believes that WWE is well positioned to take advantage of significant growth opportunities. The Company is pursuing several strategic initiatives that could increase the monetization of its content in 2020 and/ or subsequent years. These include distribution of content in the Middle East and India as well as the evaluation of strategic alternatives for the Company’s direct-to-consumer service, WWE Network. At this time, the outcome of these initiatives is subject to considerable uncertainty. Excluding the potential impact of these initiatives, the Company estimates it can achieve 2020 Adjusted OIBDA of $250 - $300 million.4 Management believes it has the potential to exceed this range, but is unable to provide additional guidance at this time.

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

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