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) has announced its upcoming Money In The Bank event at The O2 in
WWE has partnered with Exos to enhance the training of its "Next In Line" athletes at Exos' facilities across the U.S. This collaboration aims to offer comprehensive training programs that include performance testing and personalized plans. Founded by Mark Verstegen, Exos has over 22 years of experience in athlete training, having supported thousands of elite athletes, including NFL draft picks and Olympians. Currently, WWE's NIL program consists of 25 athletes, with plans to announce a new class in early 2023.
WWE (NYSE: WWE) has partnered with SuperSport to launch a continent-wide talent search in Africa for aspiring WWE Superstars, starting today. The initiative, announced in Lagos, Nigeria, will culminate in a multi-day tryout scheduled for February 2023. Applicants must submit a video showcasing their talent by December 18, with select participants receiving an all-expenses-paid invitation to advance their careers at the WWE Performance Center in Orlando, Florida. This effort reflects WWE's strategic focus on enhancing its talent pool from Africa.
WWE announced tickets for three major events at Crypto.com Arena during WrestleMania Week in Los Angeles, including Friday Night SmackDown and the WWE Hall of Fame Induction Ceremony on March 31, NXT Stand & Deliver on April 1, and Monday Night Raw on April 3. Tickets go on sale November 18 at 10 am PT, with combo tickets available from November 7. WrestleMania 39 will occur over two nights on April 1-2, generating over $1.25 billion in economic impact for host cities.
WWE reported a strong Q3 2022 with revenue of $304.6 million, up 19%, and Adjusted OIBDA of $91.2 million, an increase of 17%. However, operating income fell 8% to $58.9 million due to rising expenses. The quarter featured the successful 'Clash at the Castle' event, the most viewed international event in WWE history. WWE increased its full-year Adjusted OIBDA guidance to $370-$385 million. The company returned $9.1 million to shareholders through dividends. Despite record revenue, concerns about increasing costs and the impact of a Special Committee investigation were noted.
WWE and MultiChoice have forged a significant broadcast partnership making Showmax the new home for WWE Network in Sub-Saharan Africa. This collaboration includes all WWE Premium Live Events, such as WrestleMania, and the entire archive library of WWE programming. Additionally, SuperSport will continue airing live episodes of Raw, SmackDown, and NXT, under a multi-year extension. This move aims to enhance viewer access and engagement with WWE content in the region.
WWE has declared a quarterly dividend of $0.12 per share for Class A and B common stock. The record date is set for December 15, 2022, with payment to be made on December 27, 2022. This reflects WWE's commitment to returning value to its shareholders and indicates financial stability within the organization. WWE operates globally, delivering family-friendly entertainment through various channels and platforms, which contributes to its ongoing success and audience reach.
WWE has rescheduled its third-quarter 2022 conference call to November 2, 2022, at 5:00 p.m. ET, shifting from the original date of November 3. This change is due to scheduling conflicts related to the Crown Jewel event. The company will announce its financial results after market close on the same day. Interested parties can join the call via a live webcast on WWE's investor relations website or by phone. The earnings presentation will also be available on the website on November 2.
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