World Wrestling Entertainment, LLC Stock Price, News & Analysis

WWE has announced its first premium live event in Puerto Rico in over 18 years, Backlash, scheduled for May 6, 2023, at the Coliseo de Puerto Rico José Miguel Agrelot in San Juan. Hosted by global artist Bad Bunny, this event signifies a growing demand for WWE events outside the continental U.S. Bad Bunny expressed his excitement, recalling he couldn't attend a previous event in 2005. WWE's Chief Content Officer, Paul Levesque, highlighted Bad Bunny's popularity in Puerto Rico as a significant factor. Ticket pre-sale opportunities are available through designated links.

The General Entertainment Authority, in collaboration with WWE, has announced the WWE King and Queen Of The Ring event scheduled for May 27, 2023, at the Jeddah Superdome, the largest pillarless superdome globally. This will be the first King Of The Ring Premium Live Event since 2015 and the first coronation of a Queen since the inaugural Queen’s Crown Tournament at WWE Crown Jewel in 2021. Additional details will be revealed in the coming weeks, highlighting WWE's continuous expansion and engagement in the Saudi entertainment market.

WWE announced new live events as part of its 2023 touring schedule, with tickets going on sale on Friday, March 10. The events include SmackDown and WWE Supershow on various dates through May and June, with notable locations such as Knoxville, TN, Augusta, GA, and Cleveland, OH. WWE, known for its family-friendly programming, continues to expand its global presence, reaching over 1 billion homes worldwide. The announcement highlights WWE's commitment to delivering live entertainment as it navigates the challenges posed by a competitive media landscape.

WWE has partnered with Mars and Take-Two Interactive to renew SNICKERS® and WWE® 2K23 as Presenting Partners for WrestleMania 39, scheduled for April 1-2, 2023, at SoFi Stadium in Los Angeles. This collaboration follows a successful dual promotion at the previous WrestleMania. The brands will continue their multi-platform marketing campaign leading up to the event, leveraging WWE's extensive TV reach and digital channels. Key executives expressed excitement about the partnership and its potential to engage WWE fans further.

WWE announced that the 2023 Elimination Chamber event in Montreal achieved record-breaking success, becoming the highest-grossing and most-viewed Elimination Chamber in history. Viewership surged by 54% compared to 2022. The event also set a record for the largest gate for any WWE event in Montreal and broke merchandise sales records. Sponsorship revenue increased by nearly 300% year-over-year. Social media content featuring Roman Reigns and Sami Zayn amassed nearly 20 million views, highlighting WWE's strong digital presence.

WWE has announced two additional stops for the UNDERTAKER 1 deadMAN SHOW in Las Vegas on March 24 and Los Angeles on March 31, ahead of WrestleMania 39. Tickets for both shows will go on sale on February 14 at 10 a.m. PT. The show features WWE Legend The Undertaker sharing stories from his career and engaging with fans. Previous performances have sold out in multiple cities. WrestleMania 39 will take place on April 1 and 2 at SoFi Stadium, with limited tickets still available. WWE is a leader in global entertainment, delivering original content and programming to audiences worldwide.

WWE (NYSE: WWE) has announced that due to strong pre-registration interest, SmackDown will be broadcast live from The O2 in London on June 30, 2023, the night before Money In The Bank. This marks a historic first for SmackDown to air in primetime in the UK. Combo tickets for both events will go on sale on February 22, with general public sales starting on February 24. Money In The Bank will also feature its inaugural ladder matches in the UK, a significant milestone as it is the first WWE Premium Live Event in London in over two decades.

WWE has announced the hosting of SummerSlam at Ford Field in Detroit on August 5, 2023, marking the first event at this venue since WrestleMania in 2007. This event also marks the first SummerSlam in Michigan in 30 years. Tickets will go on sale on April 14, 2023, with additional priority pass packages available for an exclusive experience. The Detroit Sports Commission expressed excitement for the event, highlighting Detroit's history with WWE. This major event is expected to boost local tourism and engagement.

WWE reported solid financial results for Q4 2022 and the full year, achieving record revenues of $1.3 billion, an 18% year-over-year increase. Q4 revenue rose 5% to $325.3 million, despite operating income falling 22% to $62.7 million. Adjusted OIBDA decreased 4% to $90.2 million. The company returned $8.9 million in dividends in Q4 and $75.7 million for the year. Notably, Crown Jewel became WWE’s most viewed international event, and several live events saw significant viewership increases. WWE anticipates a record Adjusted OIBDA of $395 to $410 million and overall revenue growth in 2023, backed by strong media rights renewals and live events.