WWE® Reports Strong First Quarter 2020 Results
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World Wrestling Entertainment (WWE) Tops Q1 EPS by 6c, Revenues Beat
April 23, 2020 4:12 PM EDTWorld Wrestling Entertainment (NYSE: WWE) reported Q1 EPS of $0.31, $0.06 better than the analyst estimate of $0.25. Revenue for the quarter came in at $291 million versus the consensus estimate of $266.52 million.
First Quarter 2020 Highlights
Revenues increased 60% to $291.0 million as compared to the prior year quarterOperating income was $53.3 million as compared to a loss of $6.8 million in the prior year quarterAdj. OIBDA1 increased to $77.3 million from $12.4 million in the prior year quarterAnnounced multi-year distribution agreements with Sony Pictures Networks in India and DAZN in Germany to extend the reach of WWE content across television... More