World Wrestling Entertainment, LLC Stock Price, News & Analysis

WWE (NYSE: WWE) has announced a new timing for its upcoming conference call regarding its fourth quarter and full-year 2022 results, now set for February 2, 2023, at 5:00 p.m. ET, instead of the previously scheduled 8:30 a.m. ET. The company will release its financial results after market close on the same day. Interested parties can listen to the call via a live webcast on WWE's investor relations website or by phone using the provided numbers. This change is due to a scheduling issue.

WWE has declared a quarterly dividend of $0.12 per share for all Class A and B common stock. The record date is set for March 15, 2023, with payment scheduled for March 27, 2023. This announcement reflects WWE's ongoing commitment to shareholder returns amid its robust media presence.

As a leading entertainment company, WWE operates across various platforms, ensuring family-friendly content and extensive global reach. Its programming is available in over 1 billion homes in 30 languages, showcasing WWE's strong market position.

WWE announces the third class of its Next In Line™ NIL program, adding 15 college athletes from 14 universities. This class includes notable athletes like Greg Kerkvliet, Turner Washington, and Alia Armstrong. Since its launch in December 2021, the program has signed 46 athletes, enhancing WWE's talent pool with future Superstars from various sports.

With a collective social media following exceeding 10 million on TikTok and nearly 3 million on Instagram, these athletes will access WWE's Performance Center and resources for brand building and training. Selected athletes may earn WWE contracts upon completing the program.

WWE (NYSE: WWE) has engaged The Raine Group as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC for strategic communications. This move aims to explore strategic alternatives to enhance shareholder value amid a changing media landscape. Vince McMahon, Executive Chairman, expressed confidence that the process will unlock WWE's intellectual property potential. However, no specific outcomes or timelines are assured. WWE is noted for its strong global media presence, delivering content across various platforms.

WWE (NYSE: WWE) will announce its Q4 and full year 2022 financial results on February 2, 2023, before the market opens. A related conference call is scheduled for 8:30 a.m. ET, where stakeholders can listen via a live webcast on corporate.wwe.com/investors. Participants can dial in at 855-200-4993 (U.S.) or 323-794-2092 (international), using conference ID 3707267. An earnings presentation will also be available on the same day. A replay of the call will be accessible two hours post-conclusion.

WWE (NYSE: WWE) has announced that Vince McMahon has been elected as the Executive Chairman of the Board, succeeding Stephanie McMahon, who has resigned from her roles as Chairwoman and Co-CEO. Nick Khan will now serve as WWE CEO. Vince expressed gratitude for Stephanie's leadership, while Nick highlighted their commitment to maximizing shareholder value during this crucial time. The company aims to continue its tradition of delivering quality entertainment to a global audience through its diverse media platforms.

WWE has announced that WrestleMania Goes Hollywood (WrestleMania 39) has set a new record for the highest gate in company history at $17.3 million before any matches have been announced. This surpasses the previous record set in 2016. The event will take place at SoFi Stadium in Los Angeles on April 1 and April 2. WWE experienced a year of unprecedented ticket demand in 2022, with record-breaking sales for multiple events, including Clash at the Castle in the U.K.

WWE has announced significant changes to its Board of Directors, with Vince McMahon returning as a board member alongside Michelle Wilson and George Barrios. This move aims to explore strategic alternatives to maximize shareholder value. The company’s Board now includes McMahon, his daughter Stephanie McMahon, Nick Khan, Paul Levesque, and others. JoEllen Lyons Dillon, Jeffrey R. Speed, and Alan M. Wexler have been removed. WWE is committed to maintaining its management team and emphasizes that no immediate changes to roles will occur despite McMahon's return.

On January 5, 2023, Vince McMahon, founder of World Wrestling Entertainment (WWE), announced key actions to enhance shareholder value, including his return as Executive Chairman and the election of Michelle Wilson and George Barrios to the Board. These moves aim to strengthen the company’s position amid upcoming media rights negotiations and a comprehensive review of strategic alternatives. McMahon emphasizes the urgency and importance of his involvement in these initiatives, believing they are crucial for maximizing long-term value for WWE shareholders.