WWE® Reports Second Quarter 2019 Results
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World Wrestling Entertainment (WWE) Tops Q2 EPS by 7c, Revenues Miss; Provides FY19 Revenue Target
July 25, 2019 8:34 AM EDTWorld Wrestling Entertainment (NYSE: WWE) reported Q2 EPS of $0.11, $0.07 better than the analyst estimate of $0.04. Revenue for the quarter came in at $268.9 million versus the consensus estimate of $275.03 million.
Second Quarter 2019 Highlights
Revenues were $268.9 million as compared to $281.6 million in the prior year quarterOperating income was $17.1 million; Adjusted OIBDA1 was $34.6 million, which exceeded the Companys guidanceAnnounced content distribution deals with BT Sport in the U.K., Fox Sports in Latin America and PP Sports in China, providing strong platforms for reaching WWE audiencesWWE Network average paid subscribers2 were 1.69 million paid... More