Wells Fargo Downgrades World Wrestling Entertainment (WWE) to Market Perform
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WWE® Reports Q3 2016 Results & Targets Record 2017 Adjusted OIBDA of $100 Million
October 27, 2016 8:31 AM EDTThird Quarter 2016 Highlights
Revenue of $164.2 million was on par with a record third quarter in 2015, which benefited from the WWE series, Tough Enough and Total Divas; 2016 revenue-to-date increased 8% from 2015 to $534.3 million Q3 2016 OIBDA of $24.5 million and Operating income of $18.3 million were in line with the Companys guidance1 WWE Network subscribers increased 24% from the third quarter 2015 to 1.46 million average paid subscribers over the third quarter 2016, consistent with the Companys guidance WWE... More
