An Update From the Earnings Season - Report on World Wrestling Entertainment Inc.

Aug 07, 2015, 09:35 ET from

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:

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:

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