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.
Comcast NBCUniversal has welcomed PGA TOUR and WWE into its SportsTech Accelerator, enhancing support for startups focused on sports technology. This accelerator has already established 29 partnerships since its inception in 2021, indicating significant growth. The next cohort of startups will be announced on February 21, 2022. With advisors from major sports brands and organizations, the program aims to innovate fan engagement, athlete performance, and other areas. Comcast continues to leverage technology for an enhanced consumer experience in sports.
WWE appoints Frank A. Riddick III as Chief Financial Officer and Chief Administrative Officer, succeeding Kristina Salen. Riddick, a board member for over 13 years and interim CFO in 2020, will report to Chairman and CEO Vince McMahon. His responsibilities will include overseeing financial planning, strategy, and investor relations. Salen reflected on her tenure, stating she helped guide the company post-pandemic and set a strong foundation for future growth. WWE remains focused on delivering original content and driving shareholder value.
WWE reported a third-quarter revenue of $255.8 million, up 15% year-over-year, driven by strong ticket sales and merchandise from live events, including a record SummerSlam. Operating income improved 1% to $64.0 million, while Adjusted OIBDA decreased 8% to $77.9 million, affected by rising production costs. The company raised its full-year Adjusted OIBDA guidance to $305-$315 million. WWE has returned $31.0 million to shareholders through repurchases and dividends. Cash and investments stood at $449 million with debt at $221 million.
World Wrestling Entertainment (NYSE: WWE) has received preliminary court approval for a proposed settlement related to certain shareholder derivative actions, as disclosed previously on August 17, 2021. The settlement carries no financial obligation for the company. This resolution aims to address shareholder concerns without incurring costs, allowing WWE to focus on its core operations and strategic growth in the entertainment sector, which includes extensive media partnerships and a global audience reach.
WWE (NYSE: WWE) declared a quarterly dividend of $0.12 per share for Class A and B shares. The record date for this dividend is December 15, 2021, with payment scheduled for December 27, 2021. This announcement reflects WWE's commitment to returning value to its shareholders while maintaining a robust portfolio of family-friendly entertainment.
WWE has partnered with Blockchain Creative Labs to launch an NFT marketplace for licensed WWE tokens and collectibles. This exclusive multi-year agreement marks Blockchain's first collaboration beyond FOX. The marketplace will feature NFTs representing WWE's iconic moments and Superstars, and it will utilize Eluvio’s blockchain technology for secure transactions. This partnership builds on WWE's existing relationship with FOX, which has been broadcasting 'Friday Night SmackDown' since October 2019. The NFT marketplace's name and launch date will be announced soon.
WWE has entered into a multi-year agreement with Panini Group to become the exclusive partner for trading cards and collectible stickers, starting in Q1 2022. The collaboration will launch with the release of 2022 WWE Prizm around the time of WrestleMania on April 2-3 at AT&T Stadium, Dallas. WWE trading cards will be available in major retail stores, including Walmart and Target. Both companies aim to enhance collectibles in the market, leveraging Panini's extensive experience in sports and entertainment collectibles.
WWE announced that tickets for WrestleMania will be available starting
WWE (NYSE: WWE) announces its 2022 pay-per-view schedule, featuring a historic two-night WrestleMania at AT&T Stadium, Dallas. The slate includes a record minimum of four stadium events, starting with Day 1 on January 1, 2022, in Atlanta. Other events include Royal Rumble in St. Louis, Money In The Bank in Las Vegas, SummerSlam in Nashville, and Survivor Series in Boston. The events will stream live on Peacock in the U.S. as WWE aims to cater to the growing fan appetite for live shows after returning to events last July.
WWE (NYSE: WWE) and Mattel (NASDAQ: MAT) announced a multi-year extension of their global master toy licensing agreement, granting exclusive rights for Action Figures, Accessories, and Kids Toy Title Belts. This partnership, ongoing since 2009, has produced a diverse portfolio of toys available in over 50 markets. WWE Action Figures are recognized as the No. 1 action figure property in the U.S. This collaboration aims to continue delivering innovative products that significantly drive revenue for retail partners.
FAQ
What is the market cap of World Wrestling Entertainment (WWE)?
What does WWE stand for?
Where is WWE headquartered?
What kind of content does WWE produce?
In how many countries is WWE programming broadcasted?
How many homes worldwide does WWE reach?
What are some of WWE's flagship shows?
What is WWE Network?
What recent achievements has WWE made?
How is WWE's financial condition?
Where are WWE's international offices located?
