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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for WWE. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for WWE are shown below. More…
Income Statement Ratios
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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…
Risk Rating Analysis
Star Chart Analysis
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.
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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.