World Wrestling Entertainment (WWE) Misses Q2 EPS by 9c, Beats on Revenues; Raises FY18 Business Outlook
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WWE® Reports Record Revenue and Strong Q2 2018 Results
July 26, 2018 8:30 AM EDTRaises Full Year 2018 Guidance
Second Quarter 2018 Highlights
Revenues increased 31% to $281.6 million, which was the highest quarterly revenue in WWE history Operating income nearly doubled to $21.2 million from $10.7 million in the prior year quarter Adjusted OIBDA1 increased 79% to $43.5 million WWE completed agreements with USA Network and Fox Sports, effective October 1, 2019, which increase the average annual value (AAV) of WWEs U.S. distribution to 3.6 times that of the prior deal with NBCU WWE Network average paid subscribers2... More