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) will release its third-quarter 2022 results on November 3, 2022, before market opening. The Company will host a conference call at 8:30 a.m. ET to discuss results. Interested parties can listen to the call via webcast on the WWE investor site or by dialing 855-200-4993 (toll-free) or 323-794-2092 (outside the U.S.) using conference ID 5826559. An earnings presentation will also be available on the website on the same date, with a replay accessible two hours post-call.
WWE has entered a significant multi-year partnership with the Foxtel Group, making it the exclusive home for WWE content in Australia. This deal enables Foxtel's 4.5 million subscribers to access WWE's live and on-demand content, including all Premium Live Events, via BINGE and a new dedicated 24/7 WWE channel launching in December 2022. WWE content will also continue to be available on FOX8 and through Kayo Sports. Fans can subscribe to BINGE starting at
WWE has appointed Dan Ventrelle as EVP, Talent, and Maurice F. Edelson as EVP, Chief Legal Officer. Ventrelle, formerly President of the NFL's Las Vegas Raiders, will oversee talent management, reporting to Paul Levesque. Edelson brings 25 years of legal experience, previously serving as General Counsel at The Juilliard School and Time Inc. He will report to Stephanie McMahon. Both executives aim to enhance WWE's operational success and talent acquisition strategy.
WWE and San Antonio Mayor Ron Nirenberg announce that the Royal Rumble will take place on January 28, 2023, at the Alamodome. This event marks the fourth time the Royal Rumble has been held in the city and the third at the Alamodome. Tickets will be available on September 30 at 10 AM CT. Priority Passes for exclusive experiences will go on sale earlier on September 9 at 12 Noon ET. The event will stream live at 8 PM ET on Peacock in the U.S. and will feature two 30-person matches, determining challengers for WrestleMania.
WWE has announced the promotion of Frank A. Riddick III to President & Chief Financial Officer. Paul "Triple H" Levesque has also been promoted to Chief Content Officer. Under Levesque's leadership, WWE has experienced a 15% increase in Monday Night Raw viewership and significant growth in social media engagement. Riddick, who has served as CFO since last year, will continue to oversee key financial areas. Both leaders aim to enhance WWE's content creation and drive business growth.
WWE has announced a partnership with C&W Communications to bring the WWE Network to Flow TV, the Caribbean's leading TV service. The agreement provides subscribers access to WWE's Premium Live Events, starting with Clash at the Castle, and a comprehensive library of original and archived programming available on-demand. Weekly shows like Raw, SmackDown, and NXT 2.0 will continue airing on the Flow channels. This deal aims to enhance viewer access to WWE content, leveraging the strong interest among CWC's customers.
WWE is set to host its first major stadium show in the UK in over 30 years on September 3, 2022, named WWE Clash at the Castle, at the Principality Stadium in Cardiff, Wales. The event will feature the song "Run" by Our Lady Peace as its theme. This collaboration continues WWE's tradition of integrating popular music into its programming, marking a significant return to large-scale events in the UK.
WWE (NYSE: WWE) has announced the upcoming launch of NXT Europe in 2023, expanding its NXT brand internationally. The initiative follows the success of live events and talent development in Europe. NXT UK, which has been operational since 2016, has produced notable talent such as Rhea Ripley and Gunther. A premium live event titled 'Worlds Collide' is scheduled for September 4, showcasing NXT and NXT UK Superstars, and will be streamed on Peacock and WWE Network.
WWE (NYSE: WWE) has achieved a record-breaking first-day ticket sales for WrestleMania 39, selling over 90,000 tickets in just 24 hours—a 42% increase from WrestleMania 38. This milestone was announced during the company’s Q2 2022 earnings call, where WWE reported its most successful second quarter ever, setting records for revenue and adjusted OIBDA. The event will occur on
WWE reported strong financial results for Q2 2022, with revenue rising 24% to $328.2 million and operating income increasing 50% to $69.3 million. Adjusted OIBDA also saw a 34% rise, reaching $91.5 million. The company returned $19.1 million to shareholders through repurchases and dividends. Premium live events set viewership records, and WWE launched its NFT marketplace, Moonsault. WWE raised its full-year Adjusted OIBDA forecast to $370-$385 million, reflecting strong live events and monetization efforts.
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