Shares of World Wrestling Enter (NYSE:WWE) rose in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 24.39% year over year to $0.51, which beat the estimate of $0.22.
Revenue of $263,500,000 declined by 9.45% year over year, which beat the estimate of $255,030,000.
Outlook
WWE Maintains OIBDA Guidance Of $270M-$305M Citing Uncertainty Of COVID-19 Pandemic
Details Of The Call
Date: Apr 22, 2021
Time: 05:00 PM
ET Webcast URL: https://streaming.webcasts.com/starthere.jsp?ei=1415038&tp_key=0aaa3165c5
Technicals
52-week high: $61.32
Company’s 52-week low was at $35.44
Price action over last quarter: Up 14.20%
Company Description
World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events. Its segments include Media, Live Events, and Consumer Products. The majority of its revenue comes from the Media segment, which includes production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment. The geographical segments are North America, which accounts for the majority of revenue; Europe/Middle East/Africa; Asia Pacific; and Latin America.
