NEW YORK, August 7, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on World Wrestling Entertainment Inc. (NYSE: WWE). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=WWE
Highlights from our WWE Report include:
- Strong Performance During Second Quarter - On July 30, 2015, World Wrestling Entertainment Inc. announced financial results for its second quarter of 2015. The Company reported a net income of $5.1 million or 7 cents per share for Q2 FY15 vis-à-vis a net loss of $14.5 million translating to 19 cents per share for Q2 FY14. World Wrestling Entertainment reported Operating Income before Depreciation and Amortization (OBIDA), a non-GAAP measure, of $13.2 million in Q2 2015 as against a loss of $14.6 million reported in the second quarter of fiscal 2014. The Company attributed this jump in OBIDA to the expansion of WWE Network, the escalation of television rights fees and increased video game sales.
- Segmental Performance - Revenues from the Company's Media division increased to $99.1 million from $97.7 million in Q2 FY14 as growth from the escalation of television rights fees more than offset the lower revenue from the Company's Network, Home Entertainment and Digital Media segments. As per the Company, WWE Network revenue increased to $36.6 million from $19.4 million in the prior year quarter led by an 83% YoY increase in average paid subscribers to 1,216,000. Furthermore, revenues from the Company's Consumer products division jumped 36% YoY to $21.8 million for Q2 FY15. On the other hand, revenue from its Live Event segment declined 34% YoY to $26.4 million.
- Business Outlook - For 2015, the Company expects y-o-y adjusted OBIDA growth in every quarter with growth being driven by the contractual escalation of television rights fees, performance of the WWE Network and other continued innovations across all of the Company's businesses. For Q3, the Company expects ending paid network subscribers of close to 1.2 million representing an increase of nearly 3%-5% from the end of the second quarter 2015. Additionally, it expects adjusted OBIDA to range between $13 million to $17 million for Q3 2015.
To find out how this influences our rating on World Wrestling Entertainment Inc. read the full report in its entirety here: http://www.aciassociation.com/?c=WWE
About ACI Association:
Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.
ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.
ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.