Tag - WWE financial

WWE stocks reach new 52-week low, trade at $9.99

WWE HQ

WWE stocks today hit a new 52-week low, trading at just $9.82 at one point during the day. The drop was attributed to a report on Seeking Alpha which suggested that WWE might axe or cut the dividend to preserve cash. During the later course of the trading day, stocks were trading at the price of $9.99, a number which WWE mentions a lot to promote...

WWE to report Q4 2014 and year end results on February 12

WWE HQ

WWE will hold their Q4 2014 and full year results conference call on Thursday, February 12, before the opening of the market with Chairman and CEO Vince McMahon and Chief Strategy and Financial Officer George Barrios hosting the call. Once again, the WWE Network numbers will be up for scrutiny as the company will reveal the total number of...

WWE stocks end the year just 75 cents more than 52-week low

WWE HQ

WWE stocks ended the year 2014 at $11.30 a piece, dropping 8.43% in aftermarket hours after it finished the trading day at $12.34. It was quite a turbulent year for the stocks, reaching a 52-week high of $31.98 earlier this year as Wall Street was bullish on WWE Network subscribers and the TV rights renewal with NBC Universal. But that all came...

Wall Street not impressed with WWE’s numbers

WWE HQ

Wall Street was not particularly happy with the WWE numbers released today although considering the big disappointment of the WWE Network subscribers count, investors also showed WWE some mercy. On the earnings report day, WWE stocks ended the day at $12.51, a 5.73% decrease over yesterday’s closing. The day’s high was $13.17 which was right...

Consumer products division the big winner in Q3 for WWE

WWE logo

Most of the major WWE departments registered a loss when compared to the same prior year quarter, with only consumer products division and WWE studios – barely – registering an increase. The following are department by department numbers on how they fared for Q3 2014. WWE Network generated $22.4 million in subscriptions; Licensing...

WWE announces Q3 2014 financial results

WWE HQ

WWE today announced financial results for its third quarter ended September 30, 2014. For the quarter, the Company reported a Net loss of $5.9 million, or $0.08 per share, compared to Net income of $2.4 million, or $0.03 per share, in the third quarter last year. “During the quarter, we delivered stronger financial performance than anticipated...

Big day for WWE tomorrow as Q3 2014 results will be announced

WWE HQ

It will be a big day tomorrow for WWE as the company will be releasing its Q3 2014 results with all eyes on the updated WWE Network number. In the last quarter earning results, WWE revealed that they had a total of 700,000 subscribers. In August, WWE opened up the Network to over 170 countries but left out big markets such as the United Kingdom...

WWE shares lose additional 7% of value during trading day today

WWE HQ

WWE stocks continued its downward spiral on Wall Street, losing another 7.09% of its value, closing the day at $12.84. Since yesterday, shares lost a total of 11.39% of the value, with yesterday closing at $13.81, before losing an additional 98 cents today. The sell-off has been due to an appearance by Mangrove Capital Partners Nathaniel August on...

WWE shares nosedive after being discussed on CNBC show

WWE HQ

WWE shares went tumbling down after Nathaniel August, the founder of Mangrove Capital Partners went on CNBC and said in an on-air interview that WWE Network subscriber growth numbers are not strong enough. August said that WWE will earn “nothing” on a corporate level and they will need 1.4 million subscribers to the WWE Network to justify it...

WWE to announce Q3 2014 earning results on October 30

WWE HQ

WWE will be announcing its third quarter 2014 results on Thursday, October 30, 2014, before the opening of the market. Chairman and Chief Executive Officer Vince McMahon and the Chief Strategy & Financial Officer George Barrios will host a conference call beginning at 11:00AM EST to discuss the results. The results will include the numbers of...

WWE revenues by region and segments for Q2 2014

WWE HQ

The following are the revenues by region and business segment which were released in today’s financial report. Network revenues including money generated from WWE Network, PPV, and VOD increased 13% to $43.3 million; WWE Network generated $19.4 million in subscription revenue from an average of 665,000 paid subscribers; TV revenues increased...

WWE announces Q2 2014 financial results

WWE HQ

WWE today announced financial results for its second quarter ended June 30, 2014. For the quarter, the Company reported a Net loss of $14.5 million compared to Net income of $5.2 million in the second quarter last year. “WWE’s core business metrics remain strong, and WWE Network continues to be the single greatest opportunity to...

WWE to report 2014 Q2 results on July 31

WWE

WWE today announced that it will report its 2014 second quarter results on Thursday, July 31, 2014, before the opening of the market. Chairman and CEO Vince McMahon and Chief Strategy & Financial Officer George Barrios will host the conference call beginning at 11:00AM EST to discuss the results. These results will include financial data from...

WWE cutting budget across the board to soften losses

WWE

PWTorch.com is reporting that WWE also gave the pink slip to one of its creative writers, Jay Gibson, this past weekend. Gibson made his name by being one of the main writers on The Young and the Restless soap opera, writing 178 episodes between 2008 and 2012. He was also the storyboard artist for The Thin Red Line movie back in 1998. Gibson joins...

Another law firm investigating WWE over possible fraud

WWE HQ

Another law firm is now investigating possible securities fraud claims against WWE resulting from inaccurate statements the company made regarding its business practices, financial statements and prospects. Ademi & O’Reilly, LLP, joins another law firm the law firm, Kahn Swick & Foti, LLC, which is doing its own investigation headed up...

WWE stocks go even lower following conference call with investors

WWE HQ

Today’s conference call with investors didn’t do anything to alleviate any fears regarding the company and Wall Street responded by driving the stock even lower than Friday, ending the day at 10.96, another 2.75% drop. While both McMahon and Barrios explained in more detail what happened last week, no good news was given and the conference...