Welcome to our dedicated page for World Wrestling Entertainment news (Ticker: WWE), a resource for investors and traders seeking the latest updates and insights on World Wrestling Entertainment stock.
World Wrestling Entertainment, LLC (WWE) (NYSE: WWE) is a globally recognized leader in the entertainment industry, specializing in professional wrestling. Headquartered in Stamford, Connecticut, WWE operates as an integrated media organization with a diverse portfolio of businesses. These businesses are dedicated to creating and delivering original content 52 weeks a year to a vast, global audience.
WWE is committed to providing family-friendly entertainment through a variety of platforms, including television programming, pay-per-view events, digital media, and publishing. The company’s content reaches more than 600 million homes worldwide, broadcasting in over 145 countries and 35 languages.
WWE's programming includes flagship shows such as Monday Night Raw and SmackDown Live, along with special events like WrestleMania, which draws millions of viewers each year. The company also maintains a strong digital presence with the WWE Network, a subscription-based streaming service that offers exclusive access to a vast library of wrestling content.
Recent achievements of WWE include strategic partnerships and collaborations with various brands and organizations, enhancing its content distribution and market reach. The company's financial condition is robust, supported by continuous growth in viewership and revenue. WWE’s offices are strategically located in major cities including New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Istanbul, and Tokyo, which helps in managing its global operations efficiently.
WWE reported strong Q1 2022 results with revenue of $333.4 million, up 27%, and operating income of $92.4 million, a 42% increase. Adjusted OIBDA rose 33% to $111.7 million, fueled by a full live events schedule following pandemic-related restrictions. WrestleMania set record attendance with 156,352 fans and was the most viewed WWE event ever. The company anticipates record revenue and Adjusted OIBDA for 2022, projecting between $360-$375 million. WWE returned $38.9 million to shareholders in share repurchases and dividends this quarter.
WWE has announced its first major stadium event in the UK in over 30 years, titled WWE Clash at The Castle. The event is scheduled for September 3, 2022, at the Principality Stadium in Cardiff, Wales. Tickets will go on sale starting May 20, with a presale opportunity available from May 18. WWE Superstar Drew McIntyre revealed the event during a live show in London, expressing excitement for the historic occasion. The event is expected to elevate Wales’s profile as a global events destination.
WWE (NYSE: WWE) announced a quarterly dividend of $0.12 per share for its Class A and B shares. The record date for this dividend is set for June 15, 2022, with the payment date on June 27, 2022. The company continues to engage a global audience through diverse content across multiple platforms, reaching over 1 billion homes worldwide. WWE remains committed to producing family-friendly entertainment while navigating a competitive media landscape and maintaining its market position.
WWE announced that tickets for SummerSlam will go on sale on April 22 at 10 am CT. This year’s SummerSlam is set to take place on July 30 at Nissan Stadium in Nashville, marking the event's debut in Tennessee. Ticket prices start at $25 and can be purchased via Ticketmaster.com. VIP experiences, including SummerSlam Priority Passes, are also available through WWE's partner On Location.
WWE will conduct its 2022 Annual Meeting of Stockholders on May 19, 2022, at 1:00 p.m. ET, via a virtual format. Stockholders of record by March 22, 2022, can participate and vote using their control number obtained from proxy materials. The meeting aims to ensure that stockholders have equal opportunities to participate as they would in person. Further details about voting and agenda items can be found in the proxy materials.
WWE (NYSE: WWE) will report its Q1 2022 results on May 5, 2022 after market close. Chairman & CEO Vincent K. McMahon and other executives will hold a conference call at 5:00 p.m. ET to discuss the results. Interested parties can join via a live webcast on the WWE investor site or by dialing in at 855-200-4993 (toll-free). A replay will be available two hours post-call. WWE is a leader in global entertainment, reaching over 1 billion homes in 30 languages, with its programming delivered through partners like NBCUniversal and FOX Sports.
WWE (NYSE: WWE) will host its first major stadium event in the UK in over 30 years at Principality Stadium in Cardiff, Wales, on Saturday, September 3, 2022. The event aims to attract fans globally, promising unforgettable experiences comparable to past events like SummerSlam 1992. Officials highlight the significance of Wales as an iconic venue, bolstering its reputation as a premier sports and entertainment destination. Further event details, including ticket information, will be announced soon.
WWE (NYSE: WWE) has appointed Elisebeth Collins as General Counsel & Corporate Secretary, succeeding Samira Shah. Collins joins from Caterpillar Inc, where she was Deputy General Counsel. Her experience includes leadership roles at Boeing and service on the Privacy & Civil Liberties Oversight Board. Vince McMahon praised her legal expertise, which is expected to support WWE's strategy for global revenue growth. Collins will oversee WWE’s legal affairs, including litigation, governance, and compliance.
WWE (NYSE: WWE) announced that WrestleMania 38 achieved record-breaking status as the highest-grossing and most-attended event in the company's history. Over two nights, 156,352 fans from 50 states and 53 countries attended at AT&T Stadium in Dallas, surpassing the previous record set by WrestleMania 32 in 2016. WWE Executive VP John Saboor expressed gratitude to local partners for their support, highlighting the economic impact of the event on Dallas. WrestleMania 39 is set to take place in Los Angeles on April 1-2, 2023.
WWE has partnered with Joe Hand Promotions to broadcast all Premium Live Events at over 140 Dave & Buster’s locations nationwide, starting with WrestleMania on April 2-3, 2022. This strategic move aims to expand WWE's audience and enhance the viewing experience for fans. Emilio Revelo, WWE VP, highlighted the synergy between WWE events and the fun atmosphere at Dave & Buster's, while Joe Hand Promotions expressed enthusiasm for connecting WWE fans in a vibrant setting. This collaboration could significantly boost attendance and engagement for WWE events across the country.
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