WORLD WRESTLING ENTERTAINMENT Reports Strong Financial Results for Q2 2023
August 14, 2023
☀️Earnings Overview
WORLD WRESTLING ENTERTAINMENT ($NYSE:WWE) announced their financial results for the second quarter of the fiscal year 2023 on June 30, 2023. Total revenue for the quarter increased by 25.0% to USD 410.3 million compared to the same period in the prior year, while net income rose 6.1% to USD 52.0 million.
Share Price
This represented a 1.6% increase from the prior closing price of $104.1. The company attributed this success to its increased focus on digital operations and expansion into new markets. The strong financial results for the quarter fueled investor confidence in the world’s largest wrestling entertainment company. In addition to the stock price increase, WORLD WRESTLING ENTERTAINMENT announced a three-cent quarterly dividend, which was welcomed by investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WWE. More…
| Total Revenues | Net Income | Net Margin |
| 1.34k | 169.13 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WWE. More…
| Operations | Investing | Financing |
| 264.48 | -78.87 | 22.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WWE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.51k | 597.91 | 12.21 |
Key Ratios Snapshot
Some of the financial key ratios for WWE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.3% | 6.8% | 19.8% |
| FCF Margin | ROE | ROA |
| 4.3% | 22.1% | 11.0% |
Analysis
At GoodWhale, we recently conducted an analysis of WORLD WRESTLING ENTERTAINMENT’s fundamentals and we’ve concluded that it is a low risk investment. However, it is important to note that our analysis did detect one risk warning in balance sheet. We encourage prospective investors to register on goodwhale.com to have a deeper look at the results of the analysis and figure out how to manage this risk. More…
Peers
The company is engaged in the production and promotion of professional wrestling events, television programming, pay-per-view programming, digital media content, and live events. The company operates through three segments: Media, Live Events, and Consumer Products. The Media segment comprises the company’s television, pay-per-view, digital media, and WWE Network businesses. The Live Events segment promotes and produces live events, such as WWE, NXT, and 205 Live. The Consumer Products segment licenses and markets consumer products based on the company’s brands.
– Corus Entertainment Inc ($TSX:CJR.B)
Corus Entertainment Inc is a media and entertainment company. It operates in two segments: Television and Radio. The Television segment operates national specialty channels, which provide distinctive programming to a range of demographics and interests. The Radio segment operates radio stations, which provide listeners with news, sports, music, and other entertainment programming. The company was founded in 1995 and is headquartered in Toronto, Canada.
– MultiChoice Group Ltd ($OTCPK:MCOIF)
MultiChoice Group Ltd is a South African media and entertainment company. The company has a market cap of 2.74B as of 2022 and a ROE of 45.25%. The company operates in the pay-television, video entertainment, and internet services markets in Africa. The company was founded in 1986 and is headquartered in Johannesburg, South Africa.
– Time Out Group PLC ($LSE:TMO)
Timeout Group PLC is a United Kingdom-based company, which provides online and offline media and marketing services. The Company’s products and services include online advertising, marketing and media services, as well as offline marketing and media services. It operates in two segments: Media and Marketing, and Consumer. The Media and Marketing segment offers a range of online and offline advertising and marketing services to advertisers and agencies. The Consumer segment provides a range of online and offline media products and services to consumers.
Summary
World Wrestling Entertainment (WWE) recently reported its financial results for the second quarter of 2023, showing strong growth in revenue and net income. Total revenue of USD 410.3 million was a 25.0% increase year-over-year, while net income of USD 52.0 million was a 6.1% rise. This marked the second consecutive quarter of impressive financial performance for WWE, suggesting that investing in the company’s stock could be a sound decision. Looking ahead, investors should continue to monitor the company’s performance closely as it seeks to build on its strong momentum.
Related Posts
Recent Posts
