Those roster cuts are reportedly saving WWE between $700,000 and $4 million a month, or anywhere between 0.24 and 1.37 percent of WWE’s Q1 total net revenues. WWE has released its financial results for the second quarter (Q2) of 2020, and in doing so the company touted its ability to adapt to the challenges presented by the COVID-19 pandemic. Apps is flying solo once again. Update: 2020-04-24. That’s because 2020 benefited from the full year of those new televisions rights fees, whereas Q1 through Q3 in 2019 occurred before that big money kicked in. Our adjusted OIBDA increased to approximately $77 million, based on … A substantial portion of the expense related to the Network is from producing pay-per-view events. Growth. ET to discuss the results. 1% Revenue. Depreciation & amortization (1) (10.6) (34.1) — Michael Weitz - SVP of Financial Planning and IR. Comments In Channel. The “Live Event” division revenue is down 33% from Q1 2019, and the “Consumer Product” division revenue is down 19% from Q1 2019. World Wrestling Entertainment (WWE): Q4 2019 Earnings Snapshot. World Wrestling Entertainment Inc (WWE) Q1 2020 earnings call dated Apr. Riddick: Our first quarter 2020 results demonstrate that we delivered solid performance in a challenging environment. View which stocks have been most impacted by COVID-19. McMahon also mentioned that even if WWE doesn’t return to Saudi Arabia in 2020, they’ll just add an event on the backside of the 10 year deal to make up for it. WWE released its Q1 2020 earnings: - Wowwww those TV deals are massive. … Investor Presentation. WWE divides its business into several categories - Media, Live Events, and Consumer Products. WWE in Numbers – 2020. WWE® TO REPORT FIRST QUARTER 2020 RESULTS STAMFORD, Conn., April 7, 2020 – WWE (NYSE: WWE) announced that it will report its first quarter 2020 results on Thursday, April 23, 2020 after the close of the market. WWE revealed its WWE Network subscriber count for the first quarter of 2020 as part of its Q1 earnings report released Thursday.. Below are notes from the call and report: WWE Network subscribers are at 1.46 million. The report shows a very strong first quarter for the year highlighting a 60% revenue increase. How often does World Wrestling Entertainment pay dividends? - Impressive digital video numbers, but that's not doing much for their bottom line. Our revenue increased 60 percent to $291 million, fueled by the growth in our domestic content rights fees. WWE Q1 revenue up 60% April 24, 2020 Tweet ; WWE has reported that Q1 Revenues increased 60 per cent to $291 million (€269.7m) year-on-year with the quarter largely unaffected by the coronavirus outbreak. WWE has announced their full First Quarter 2020 financial results, noting that they have taken action on the negative impact brought on by the coronavirus pandemic. End-period paid subs for the WWE Network were up in Q2 after being down year-over-year throughout 2019 and into Q1 2020. The Company’s Chairman & CEO, Vincent K. McMahon, and Interim CFO, Frank A. Riddick, will host a conference call beginning at 5:00 p.m. April 23, 2020. in WWE News, WWE Rumors and Spoilers. WWE’s Q1 2020 report, published in April, mentions how the February 27 event in Saudi Arabia affected the “Other” media revenue line. Click here to listen to audio of the WWE Q1 2020 Earnings Call. $974M Revenues. The conference call will take place at 5PM ET/2PM PT. Takes Action on COVID-19 Impact. Overall, their “Media” division revenue is up 90% from Q1 2019 thanks to the new TV deals. AEW Full Gear 2020 | Review. - So much for those reports of this earnings release worrying investors. Description. A A. The WWE … WWE’s profits are soaring to ridiculous new heights during the coronavirus pandemic. WWE CEO Vince McMahon, WWE Q1 2020 Earnings Conference Call (April 23, 2020) In this updated model I also anticipated somewhat lower expenses related to the WWE Network. 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 3 WWE Free Video on Demand1 (in billions) Social Media Followers2 (average, in millions) 0.5 6.7 7.7 8.4 8.5 7.7 9.0 9.0 8.8 9.6 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 AVOD Global Hours Viewed (MM) AVOD Global Views (B) W W E A T A G L A N C E : Q 1 2 0 2 0 H I G H L I G H T S MEDIA CONSUMPTION: WWE AVOD CONSUMPTION −AVOD consumption is defined on page 9 2018 … 23 Corporate Participants: Michael Weitz -- Senior Vice President-Financial Planning and Investor Relations. Average paid subscribers (the key metric for calculating revenue related to the service) however was down slightly for Q2 from the prior year. $37M Dividend. World Wrestling Entertainment, Inc. Wrestling business analyst Brandon Thurston breaks down the WWE Q1 2020 earnings call in a level of granularity as only he can. Share. You can view the highlights and full release courtesy of WWE below: First Quarter 2020 Highlights – Revenues increased 60% to $291.0 million as compared to the prior year quarter – Operating income was $53.3 million as compared to a loss of … The full audio from WWE’s Q1 2020 Earnings Call with Vince McMahon. Key Performance Indicators. NEWS . SmackDown television viewership is measured on a Live+SD basis for Q1 2020 and Q1 2019, during which the program aired on FOX broadcast and USA Network, respectively (11) Other Live Events includes revenue from the sale of travel packages associated with the Company’s global live events, and commissions earned through secondary ticketing as well as revenue from events for which the … Revenue and adjusted OIBDA results for Q1 (Jan-Mar 2020). According to WrestlingInc.com's Marc Middleton, WWE had … WWE (NYSE: WWE) announced that it will report its first quarter 2021 results on Thursday, April 22, 2021 after the close of the market. WWE News and Results, RAW and Smackdown Results, Impact News, ROH News - I'd think WrestleMania being two nights helped the social aspect. Adjusted OIBDA $ 107.6 $ 180.0 $60 - $65 $250 - $300. 2020-11-11 01:32:31. WWE Reports Q1 2020 Earnings, Vince McMahon Comments. WWE Q1 2020. Share on Facebook Share on Twitter. Since then, WWE stock has increased by 46.7% and is now trading at $56.80. by Marc Middleton. The latest installment of the Wrestling Inc. mailbag discussing the idea that a released WWE … VIEWS. Revenues increased 60% to $291.0 million as compared to the prior year quarter; Operating income was $53.3 million as compared to a loss of $6.8 million in the prior year quarter; Adj. Net income for the quarter was $26.2 million; WWE paid $9.3 million in dividends … WWE Network, its SVoD platform, saw average paid subscribers were 1.46 million, consistent with the Company’s guidance. WWE exceeded its rescinded Q1 guidance. WWE held their Q1 2020 earnings call Thursday, hosted by Interim CFO Frank Riddick and CEO Vince McMahon. World Wrestling Entertainment released its quarterly earnings report yesterday and held a conference call with investors. WWE News: Strong 2020 Q1 Financial Results **Includes Plan For Covid-19 Impact Moving Forward** Author: Stephen Publish date: Apr 23, 2020. - WHOA. World Wrestling Entertainment, Inc. (NYSE:WWE) Q1 2020 Earnings Conference Call April 23, 2020 5:00 PM ET Company Participants. 40. Do the numbers hold clues to what lies ahead for the stock? 17. NEWS. UFC running three events in Jacksonville in one week, AEW expected to return on May 6, WWE Network numbers, Ilima-Lei Macfarlane part of lawsuit & more. Following the release of WWE … Total subscribers (ie inlcuding free trials) reached 2.10 … WWE sent out the following press release today, announcing that they will be releasing their Q1 2021 financial results on April 22nd after the market closes. That’s a revenue difference of roughly $190 million. WWE Q1 2020 Reax Read on for my thoughts on yesterday's WWE financial news. February 6, 2020 March 18, 2020-- World Wresting Entertainment (NYSE: WWE) reported fourth quarter 2019 earnings of $0.78 per share vs. $0.73 … “Our first quarter … Advisory. The RCWR Show is back with your WWE RAW 4-27-2020 recap, WWE Q1 reports for 2020, 1st impressions of the new WWE 2K Battlegrounds game and more! AEW All Out – Review. WWE (WWE) delivered earnings and revenue surprises of 46.43% and 4.55%, respectively, for the quarter ended March 2020. World Wrestling Entertainment Inc (WWE) Q1 2020 Earnings Call Transcript WWE earnings call for the period ending March 31, 2020. Here is a numerical breakdown of their Q1 2020 results. POLLOCK’S NEWS UPDATE: UFC set to run three shows in one week April 24, 2020 John Pollock. Motley Fool Transcribers (MFTranscribers) Apr 24, 2020 … WWE has just released its 2020 Q1 earnings report. WWE INVESTOR’S Q&A: Safety Precautions, Fox-NBC, 2K, Raw Viewers April 23, 2020 John Pollock. Supplemental Information - Reconciliation of Business Outlook (In millions, except per share data) (Unaudited) Reconciliation of Adjusted OIBDA to Operating Income Q4 2019 FY 2019 Q1 2020 FY 2020. $3.7B Market Cap. WWE Q1 Earnings. Revenues increased by 60% to $291.0 million as compared to the prior year’s quarter. First Quarter 2020 Highlights . World Wrestling Entertainment's stock was trading at $38.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. WWE brought in $538.3 million in TV rights fees in 2020, compared to $348.6 million in 2019. 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