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

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for WWE. More…

    Operations Investing Financing
    264.48 -78.87 22.03
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • 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 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
  • Valuation Analysis

  • 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.

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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.

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