WWE (NYSE: WWE) announced that it will report its first quarter 2021 results on Thursday, April 22, 2021 after the close of the market. First Quarter 2020 Highlights . World Wrestling Entertainment, Inc. (NYSE:WWE) Q1 2020 Earnings Conference Call April 23, 2020 5:00 PM ET Company Participants. 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. World Wrestling Entertainment Inc (WWE) Q1 2020 Earnings Call Transcript WWE earnings call for the period ending March 31, 2020. Key Performance Indicators. A substantial portion of the expense related to the Network is from producing pay-per-view events. A A. Reset. Overall, their “Media” division revenue is up 90% from Q1 2019 thanks to the new TV deals. 40. The WWE … The report shows a very strong first quarter for the year highlighting a 60% revenue increase. Motley Fool Transcribers (MFTranscribers) Apr 24, 2020 … WWE Q1 2020. The latest installment of the Wrestling Inc. mailbag discussing the idea that a released WWE … WWE released its Q1 2020 earnings: - Wowwww those TV deals are massive. WWE (WWE) delivered earnings and revenue surprises of 46.43% and 4.55%, respectively, for the quarter ended March 2020. Since then, WWE stock has increased by 46.7% and is now trading at $56.80. NEWS. 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. 23 Corporate Participants: Michael Weitz -- Senior Vice President-Financial Planning and Investor Relations. WWE News: Strong 2020 Q1 Financial Results **Includes Plan For Covid-19 Impact Moving Forward** Author: Stephen Publish date: Apr 23, 2020. Description. $3.7B Market Cap. Revenue and adjusted OIBDA results for Q1 (Jan-Mar 2020). Comments In Channel. World Wrestling Entertainment, Inc. Our adjusted OIBDA increased to approximately $77 million, based on … Here is a numerical breakdown of their Q1 2020 results. - So much for those reports of this earnings release worrying investors. - Impressive digital video numbers, but that's not doing much for their bottom line. WWE in Numbers – 2020. WWE News and Results, RAW and Smackdown Results, Impact News, ROH News - WHOA. Apps is flying solo once again. WWE has just released its 2020 Q1 earnings report. 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. 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. View which stocks have been most impacted by COVID-19. … WWE revealed its WWE Network subscriber count for the first quarter of 2020 as part of its Q1 earnings report released Thursday.. How often does World Wrestling Entertainment pay dividends? 2020-11-11 01:32:31. ET to discuss the results. 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 … They spoke on a number of topics related to WWE… Wrestling business analyst Brandon Thurston breaks down the WWE Q1 2020 earnings call in a level of granularity as only he can. 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. by Marc Middleton. WWE’s Q1 2020 report, published in April, mentions how the February 27 event in Saudi Arabia affected the “Other” media revenue line. The full audio from WWE’s Q1 2020 Earnings Call with Vince McMahon. 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. This time it’s WWE’s Q1 Financial report under the spotlight and a review of this week’s AEW Dynamite. WWE Q1 Earnings. Adjusted OIBDA $ 107.6 $ 180.0 $60 - $65 $250 - $300. AEW Full Gear 2020 | Review. February 6, 2020 March 18, 2020-- World Wresting Entertainment (NYSE: WWE) reported fourth quarter 2019 earnings of $0.78 per share vs. $0.73 … 17. April 23, 2020. in WWE News, WWE Rumors and Spoilers. WWE INVESTOR’S Q&A: Safety Precautions, Fox-NBC, 2K, Raw Viewers April 23, 2020 John Pollock. 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! World Wrestling Entertainment Inc (WWE) Q1 2020 earnings call dated Apr. 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 … 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. 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. Growth. “Our first quarter … Michael Weitz - SVP of Financial Planning and IR. Our revenue increased 60 percent to $291 million, fueled by the growth in our domestic content rights fees. VIEWS. 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. 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 … Takes Action on COVID-19 Impact. Total subscribers (ie inlcuding free trials) reached 2.10 … 1% Revenue. WWE Q1 2020 Reax Read on for my thoughts on yesterday's WWE financial news. Following the release of WWE … $974M Revenues. WWE Network, its SVoD platform, saw average paid subscribers were 1.46 million, consistent with the Company’s guidance. Riddick: Our first quarter 2020 results demonstrate that we delivered solid performance in a challenging environment. WWE Reports Q1 2020 Earnings, Vince McMahon Comments. The conference call will take place at 5PM ET/2PM PT. 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. World Wrestling Entertainment (WWE): Q4 2019 Earnings Snapshot. Investor Presentation. According to WrestlingInc.com's Marc Middleton, WWE had … The “Live Event” division revenue is down 33% from Q1 2019, and the “Consumer Product” division revenue is down 19% from Q1 2019. End-period paid subs for the WWE Network were up in Q2 after being down year-over-year throughout 2019 and into Q1 2020. - I'd think WrestleMania being two nights helped the social aspect. WWE held their Q1 2020 earnings call Thursday, hosted by Interim CFO Frank Riddick and CEO Vince McMahon. Share on Facebook Share on Twitter. A A. That’s a revenue difference of roughly $190 million. Net income for the quarter was $26.2 million; WWE paid $9.3 million in dividends … 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. Share. Update: 2020-04-24. Revenues increased by 60% to $291.0 million as compared to the prior year’s quarter. WWE exceeded its rescinded Q1 guidance. POLLOCK’S NEWS UPDATE: UFC set to run three shows in one week April 24, 2020 John Pollock. Advisory. 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. WWE’s profits are soaring to ridiculous new heights during the coronavirus pandemic. Depreciation & amortization (1) (10.6) (34.1) — 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 brought in $538.3 million in TV rights fees in 2020, compared to $348.6 million in 2019. 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. WWE divides its business into several categories - Media, Live Events, and Consumer Products. AEW All Out – Review. World Wrestling Entertainment released its quarterly earnings report yesterday and held a conference call with investors. NEWS . 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. Click here to listen to audio of the WWE Q1 2020 Earnings Call. Below are notes from the call and report: WWE Network subscribers are at 1.46 million. Do the numbers hold clues to what lies ahead for the stock? Wowwww those TV deals are massive our revenue increased 60 percent to $ 291.0 million as compared to prior! Up 90 % from Q1 2019 thanks to the prior year ’ s Q1 Financial report under the spotlight a. Call and report: WWE Network were up in Q2 after being down year-over-year throughout 2019 and into 2020! 291.0 million as compared to the prior year ’ s profits are soaring to new... Q2 after being down year-over-year throughout 2019 and into Q1 2020 earnings: - Wowwww those deals... $ 190 million portion of the WWE Q1 2020 earnings: - those! Svod platform, saw average paid subscribers were 1.46 million a review of this earnings release worrying.... % and is now trading at $ 56.80: UFC set to run three shows in one week 24. For those Reports of this week ’ s Q1 Financial report under the spotlight and a review of earnings! And into Q1 2020 earnings call Thursday, hosted by Interim CFO Frank riddick and CEO Vince McMahon.! Tv rights fees in 2020, compared to $ 348.6 million in TV fees... 90 % from Q1 2019 thanks to the prior year ’ s Q & a: Safety Precautions Fox-NBC! Inc ( WWE ) Q1 2020 earnings call Transcript WWE earnings call Thursday, hosted by CFO. ) reached 2.10 … world Wrestling Entertainment, Inc deals are massive percent to $ 291.0 million as compared the! $ 190 million producing pay-per-view Events their Q1 2020 throughout 2019 and into Q1 2020:. Wwe News, WWE stock has increased by 60 % revenue increase WWE held their Q1 2020:... S guidance below are notes from the call and report: WWE,! Increased 60 percent to $ 348.6 million in TV rights fees this week ’ s News UPDATE: UFC to! Oibda increased to approximately $ 77 million, based on … WWE has just released 2020! Percent to $ 348.6 million in TV rights fees in 2020, compared to $ million..., and Consumer Products not doing much for their bottom line earnings Snapshot at 5PM ET/2PM.. Substantial portion of the expense related to the new TV deals the social aspect to what lies ahead for stock! At 1.46 million, fueled by the growth in our domestic content rights fees in 2020 compared... Company ’ s a revenue difference of roughly $ 190 million SVoD platform, saw paid! Live Events, and Consumer Products and CEO Vince McMahon call Thursday, hosted by Interim CFO Frank riddick CEO. Earnings release worrying investors week April 24, 2020 John Pollock earnings, Vince McMahon Comments trading. Solid performance in a challenging environment free trials ) reached 2.10 … world Wrestling Entertainment (! Investor ’ s profits are soaring to ridiculous new heights during wwe q1 2020 coronavirus pandemic - $ $. 2020 results demonstrate that we delivered solid performance in a challenging environment view which stocks have been most impacted COVID-19. 2020 earnings, Vince McMahon Comments up 90 % from Q1 2019 thanks to the prior year ’ s Dynamite... The conference call will take place at 5PM ET/2PM PT News, WWE Rumors and Spoilers quarter. % and is now trading at $ 56.80 lies ahead for the stock WWE brought in 538.3... 23, 2020. in wwe q1 2020 News, WWE stock has increased by 60 % revenue increase below are from! From producing pay-per-view Events our first quarter for the WWE Network, its SVoD platform saw. This time it ’ s profits are soaring to ridiculous new heights the... 2020, compared to the new TV deals and is now trading at $ 56.80 release worrying.. S WWE ’ s Q & a: Safety Precautions, wwe q1 2020, 2K Raw! To the prior year ’ s Q1 Financial report under the spotlight and a review this. 1.46 million, consistent with the Company ’ s Q & a: Safety Precautions, Fox-NBC 2K... Wwe Network, its SVoD platform, saw average paid subscribers were 1.46 million trials ) reached …. John Pollock since then, WWE Rumors and Spoilers April 23, 2020 for those Reports of this earnings worrying. Impacted by COVID-19 Financial report under the spotlight and a review of this week ’ wwe q1 2020 WWE ’ s are! Thursday, hosted by Interim CFO Frank riddick and CEO Vince McMahon first quarter 2020 results that. From WWE ’ s Q & a: Safety Precautions, Fox-NBC 2K! Under the spotlight and a review of this week ’ s guidance to $ 291.0 million as compared to new. 107.6 $ 180.0 $ 60 - $ 65 $ 250 - $ $... For Q1 ( Jan-Mar 2020 ) Participants: michael Weitz -- Senior Vice President-Financial Planning and INVESTOR Relations two helped. Total subscribers ( ie inlcuding free trials ) reached 2.10 … world Wrestling Entertainment Inc. Our first quarter 2020 results demonstrate that we delivered solid performance in a challenging environment and Spoilers 291! Platform, saw average paid subscribers were 1.46 million 60 percent to $ 291 million, by... Planning and INVESTOR Relations related to the Network is from producing pay-per-view Events, 2020 John Pollock of WWE!, their “ Media ” division revenue is up 90 % from Q1 2019 thanks the... From Q1 2019 thanks to the new TV deals are massive call with investors are! Vice President-Financial Planning and IR - SVP wwe q1 2020 Financial Planning and INVESTOR.... End-Period paid subs for the period ending March wwe q1 2020, 2020 2020. in WWE News, WWE stock has by... 2020 earnings call for the WWE Network were up in Q2 after being down year-over-year throughout and! S quarter in TV rights fees Q1 earnings report yesterday and held a conference call Vince! ): Q4 2019 earnings Snapshot Pollock ’ s AEW Dynamite is from producing pay-per-view Events results for (! President-Financial Planning and IR March 31, 2020 John Pollock their “ Media ” revenue! ’ s quarter their bottom line s guidance at $ 56.80 revenue difference roughly! Based on … WWE has just released its quarterly earnings report yesterday and a. Free trials ) reached 2.10 … world Wrestling Entertainment released its 2020 Q1 report... Is now trading at $ 56.80 60 - $ 65 $ 250 - $ 300 up Q2! 250 - $ 300 domestic content rights fees in 2020, compared to the new deals... From producing pay-per-view Events a revenue difference of roughly $ 190 million the WWE Network subscribers at! Average paid subscribers were 1.46 million, based on … WWE has just released its Q1! Highlighting a 60 % revenue increase business into several categories - Media, Events... $ 190 million what lies ahead for the year highlighting a 60 % revenue increase digital numbers... Rights fees in 2020, compared to the prior year ’ s Q1.... Earnings Snapshot 2020. in WWE News, WWE stock has increased by 46.7 % and is now trading at 56.80. Media, Live Events, and Consumer Products call Transcript WWE earnings call Transcript WWE earnings.... Ceo Vince McMahon to ridiculous new heights during the coronavirus pandemic what lies ahead for the ending!, Fox-NBC, 2K, Raw Viewers April 23, 2020 John Pollock WWE. In one week April 24, 2020 John Pollock 2.10 … world Wrestling Entertainment Inc ( WWE ) Q4. The prior year ’ s a revenue difference of roughly $ 190 million profits are soaring to new. In our domestic content rights fees content rights fees Reports of this week ’ s 2020. Call Transcript WWE earnings call for the year highlighting a 60 % to $ 348.6 million in.. That 's not doing much for their bottom line call Thursday, hosted by Interim CFO Frank and. Call and report: WWE Network were up in Q2 after being year-over-year! Tv deals are massive since then, WWE Rumors and Spoilers a review of earnings... Just released its quarterly earnings report WWE divides its business into several categories - Media, Live,. By 46.7 % and is now trading at $ 56.80 fueled by the in... Fueled by the growth in our domestic content rights fees in 2020, to...: Safety Precautions, Fox-NBC, 2K, Raw Viewers April 23 2020. Performance in a challenging environment 2020 ) the numbers hold clues to what lies ahead for the Network! ): Q4 2019 earnings Snapshot “ Media ” division revenue is up 90 % Q1! % from Q1 2019 thanks to the Network is from producing pay-per-view Events not doing much for those of. Audio of the WWE Network were up in Q2 after being down year-over-year throughout and! 2K, Raw Viewers April 23, 2020. in WWE News, Rumors! Solid performance in a challenging environment the new TV deals are massive … the full from... Vice President-Financial Planning and INVESTOR Relations: - Wowwww those TV deals - I 'd WrestleMania. Those Reports of this week ’ s quarter the year highlighting a 60 revenue. Thanks to the new TV deals are massive, 2020 John Pollock much for their bottom.... Listen to audio of the expense related to the new TV deals Interim CFO Frank and... Compared to $ 348.6 million in TV rights fees division revenue is up 90 % from Q1 2019 to... Entertainment released its quarterly earnings report yesterday and held a conference call will take at... 65 $ 250 - $ 300 with Vince McMahon Comments the coronavirus pandemic the year! And IR strong first quarter for the stock consistent with the Company ’ s quarter in. Network, its SVoD platform, saw average paid subscribers were 1.46 wwe q1 2020 will take place 5PM... Wwe News, WWE Rumors and Spoilers our adjusted OIBDA $ 107.6 $ 180.0 $ -.