WWE® Reports 2019 Results and 2020 Business Outlook
World Wrestling Entertainment, Inc. Class A (WWE)
Last world wrestling entertainment, inc. class a earnings: 4/23 04:10 pm
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Source: Business Wire
Fourth Quarter 2019 HighlightsRevenues increased 18% to $322.8 million, which was the highest quarterly revenue in WWE historyOperating income increased 87% to $99.8 millionAdjusted OIBDA1 increased 67% to a quarterly record of $107.6 millionFull Year 2019 HighlightsRevenues reached $960.4 million, the highest in the Company’s historyOperating income was $116.5 millionAdjusted OIBDA of $180.0 million represented record performance for the third consecutive yearSmackDown successfully transitioned to FOX Broadcast, where viewership increased by 20% over the prior year fourth quarter,2 and NXT extended its reach, airing live on USA Network for the first timeWWE completed content distribution agreements with BT Sport and ViacomCBS’ Channel 5 in the U.K., Fox Sports in Latin America, PP Sports in China and SuperSport in Africa, providing strong platforms for reaching WWE audiences in these regionsDigital engagement continued to grow with video views up 10% to 34.5 billion and hours consume
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