World Wrestling Entertainment, LLC Stock Price, News & Analysis

WWE has announced that tickets for its two-night event, WrestleMania, will go on sale March 16, starting at 10 AM ET. Scheduled for April 10-11 at Raymond James Stadium in Tampa Bay, tickets range from $35 to $2,500, available via Ticketmaster. Exclusive presale registration is available at WrestleMania Presale. WWE is collaborating with local officials for safety protocols and will provide further details on WrestleMania Week events soon.

WWE and Sportsnet have expanded their partnership to include live broadcasts of WWE NXT on Sportsnet 360 and SN NOW, starting February 24, airing weekly for 52 weeks. This agreement builds on a prior 10-year contract signed in 2014, reinforcing WWE’s presence in Canada. Fans can now enjoy NXT alongside existing programming like Monday Night Raw and Friday Night SmackDown. WWE aims to expand its audience reach in Canada, showcasing new talent and enhancing sports entertainment offerings nationwide.

WWE (NYSE: WWE) reported its Q4 and full-year 2020 financial results, highlighting a 26% revenue decline in Q4 to $238.2 million, driven by the absence of large-scale events due to COVID-19. Full-year revenue increased slightly to $974.2 million. Adjusted OIBDA rose nearly 60% to $286.2 million for the year. The company signed a licensing deal with Peacock to enhance its content distribution. However, operating income fell 64% in Q4, reflecting pandemic-related challenges. WWE anticipates 2021 Adjusted OIBDA between $270 million and $305 million amid ongoing COVID-19 impacts.

WWE (NYSE:WWE) has declared a quarterly dividend of $0.12 per share for all Class A and B shares, with a record date of March 15, 2021 and a payment date of March 25, 2021. The company is a leader in global entertainment, creating original content available in over 800 million homes worldwide. WWE's portfolio includes the WWE Network, available in over 180 countries, showcasing live events and a vast video library.

WWE (NYSE: WWE) announced that Bad Bunny will perform his single “Booker T” live for the first time at the Royal Rumble on January 31, streaming on WWE Network at 7 pm ET. Bad Bunny, a multi-platinum artist and global music icon, expressed excitement about performing for WWE fans. The event marks a significant collaboration as WWE aims to leverage Bad Bunny's popularity, having recognized him as a top artist and cultural figure. Bad Bunny's album “El Último Tour Del Mundo” debuted at #1 on the Billboard 200, showcasing his impact in the music industry.

On January 25, 2021, Peacock and WWE (NYSE: WWE) announced a multi-year agreement granting Peacock exclusive streaming rights to WWE Network in the U.S. The service will launch on March 18, 2021, offering over 17,000 hours of programming, including live pay-per-view events and original series. WWE Network will be included in Peacock Premium at $4.99/month, providing significant savings compared to previous offerings. This partnership enhances Peacock's content library while cementing WWE's presence in the streaming landscape.

WWE (NYSE: WWE) announced its guidance for 2021 and preliminary financial results for 2020 amid ongoing challenges from COVID-19. WWE achieved an estimated Adjusted OIBDA of approximately $286 million for 2020, a record up nearly 60% from 2019. The impact of the Peacock licensing agreement is expected to drive revenue growth, yet WWE anticipates increased expenses in 2021 due to returning employees and production costs. Management projects 2021 Adjusted OIBDA between $270 million and $305 million, with a potential 15%-20% higher performance without COVID-19 disruptions.

WWE (NYSE: WWE) has announced the host cities for its upcoming WrestleMania events from 2021 to 2023. WrestleMania 37 will take place on April 10-11, 2021, in Tampa Bay at Raymond James Stadium. WrestleMania 38 is scheduled for April 3, 2022, in Arlington/Dallas at AT&T Stadium, and WrestleMania 39 will be held on April 2, 2023, in Inglewood/Los Angeles at SoFi Stadium. These events are expected to significantly boost local economies, with Florida officials noting the substantial revenue WrestleMania brings.

WWE (NYSE: WWE) will announce its fourth quarter and full year 2020 results on February 4, 2021, post-market close. Key executives, including Chairman & CEO Vincent K. McMahon, will lead a conference call at 5:00 p.m. ET to discuss the financial outcomes. Investors can access the call via telephone or a live webcast on WWE’s investor site. An earnings presentation will be available on the same day, with a replay of the call accessible shortly after it concludes. WWE continues to deliver family-friendly entertainment globally and is headquartered in Stamford, Connecticut.