World Wrestling Entertainment (WWE) Misses Q1 EPS by 9c
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WWE® Reports First Quarter 2019 Results
April 25, 2019 8:30 AM EDTMaintains Path to Record Full-Year Performance
First Quarter 2019 Highlights
Revenues were $182.4 million as compared to $187.7 million in the prior year quarter Operating income reflected a loss of $6.8 million as compared to income of $21.8 million in the prior year quarter Adjusted OIBDA1 of $12.4 million was within the range of guidance ($9 million to $14 million), and reflected an anticipated year-over-year decline primarily due to strategic investments WWE Network average paid subscribers2 increased 2% to 1.58 million paid subscribers, consistent with the Companys guidance... More