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 (NYSE: WWE) announced the launch of John Cena-inspired non-fungible tokens (NFTs) in conjunction with SummerSlam. The release includes a platinum tier auction featuring a unique NFT and various exclusive experiences for the highest bidder. The auction starts on August 20 and runs until the beginning of SummerSlam on August 21. In addition, a gold tier with 500 limited edition NFTs and merchandise curated by Cena will also drop. SummerSlam marks a historic event at Allegiant Stadium, headlining Cena vs. Roman Reigns.
WWE (NYSE: WWE) has announced over 30 new live events for 2021, including major shows like SmackDown and Raw across various venues in the U.S. and Puerto Rico. Key dates include October 1 in New Orleans and the Survivor Series on November 21 in Brooklyn. Tickets for events in San Juan and Houston are on sale, with additional events and on-sale dates to follow. WWE remains a leader in global entertainment, airing TV-PG programming in over 900 million homes worldwide and offering content via its WWE Network and streaming services like Peacock.
WWE has teamed up with Goldin for a unique auction featuring a billion-dollar bill signed by Vince McMahon and a limited edition t-shirt, coinciding with the SummerSlam event on August 21. Auction items include iconic memorabilia, such as match-worn gear and championship belts, and experiences with WWE legends like Triple H and The Undertaker. This auction highlights WWE's engagement with its fanbase and Goldin's auction success, having surpassed $250 million in sales in 2021. Fans can participate in bidding for exclusive items and experiences during this momentous event.
WWE (NYSE: WWE) reported its second-quarter financial results for the period ended June 30, 2021, revealing a revenue increase of 19% to $265.6 million, driven by higher Media segment revenues and live event ticket sales from WrestleMania. Adjusted OIBDA fell 7% to $68.1 million due to increased production expenses. Operating income dropped 17% to $46.3 million, impacted by higher personnel costs including a $8.1 million severance expense. WWE returned $27.9 million to shareholders via repurchases and dividends. The company maintains its 2021 guidance amid ongoing COVID-19 uncertainties.
WWE (NYSE: WWE) announced that comedian Tiffany Haddish will host the official SummerSlam After Party on August 21 in Las Vegas. This exclusive event, supported by Pure Life® Purified Water, will feature WWE Superstars and celebrity guests. WWE will also donate to Haddish's She Ready Foundation, which aids foster children. SummerSlam marks the first time the event is held at an NFL stadium and will stream live on Peacock at 8 PM ET. WWE emphasizes its commitment to family-friendly entertainment and its global reach across various platforms.
WWE (NYSE: WWE) is collaborating with Blumhouse Television to produce a limited scripted series titled The United States of America Vs. Vince McMahon. This series will be the first scripted portrayal of McMahon and key WWE Superstars during the tumultuous 1990s, including McMahon's indictment for allegedly supplying steroids. He was acquitted, leading to WWE's rise as a multi-billion-dollar entity. Blumhouse President Chris McCumber expressed excitement about the partnership and the compelling story they aim to tell.
WWE will host a historic pay-per-view event on New Year’s Day, January 1, 2022, at State Farm Arena in Atlanta. This marks the first time WWE presents a pay-per-view on New Year’s Day, set to stream live on Peacock at 8 PM ET. Atlanta Hawks star Trae Young announced the event during Friday Night SmackDown. The roster will include major Superstars like Roman Reigns, Bobby Lashley, and Charlotte Flair. Tickets will be available starting August 27, 2021, at 10 AM ET via Ticketmaster.
WWE announced a quarterly dividend of $0.12 per share for Class A and B shares. The record date is September 15, 2021, and the payment date is September 27, 2021. This dividend reflects WWE's commitment to returning value to shareholders while maintaining liquidity and financial health. WWE operates as a leading global entertainment company, delivering original content worldwide across various platforms. The company’s focus on family-friendly programming and its extensive distribution network bolster its market position.
Credit One Bank is hosting a SummerSlam Sweepstakes for WWE fans, offering 50 winners a pair of tickets to the event at Allegiant Stadium in Las Vegas on August 21. Fans can enter by submitting a pre-qualification request for a WWE Credit Card from July 15 to 31. Winners will be announced the week of August 9. This initiative reinforces Credit One Bank's commitment as the Official Credit Card of WWE. Additionally, a WrestleMania sweepstakes is planned for the fall, with details available at CreditOneSweeps.com.
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