SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

BRIEF-WWE Q4 EPS $0.16

· 02/04/2021 17:22
BRIEF-WWE Q4 EPS $0.16

- World Wrestling Entertainment Inc WWE.N:

  • WWE® REPORTS RECORD 2020 RESULTS AND 2021 BUSINESS OUTLOOK

  • Q4 EARNINGS PER SHARE $0.16

  • Q4 REVENUE $238.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $245.7 MILLION

  • Q4 ADJUSTED EARNINGS PER SHARE $0.24 EXCLUDING ITEMS

  • Q4 EARNINGS PER SHARE ESTIMATE $0.32 -- REFINITIV IBES DATA

  • WORLD WRESTLING ENTERTAINMENT - ANTICIPATES A SIGNIFICANT YEAR-OVER-YEAR INCREASE IN WWE'S EXPENSE BASE DUE TO RETURN OF EMPLOYEES FROM FURLOUGH

  • ESTIMATES CAN ACHIEVE 2021 ADJUSTED OIBDA OF $270 - $305 MILLION AS REVENUE GROWTH

  • WORLD WRESTLING ENTERTAINMENT- ESTIMATES THAT STATED 2021 ADJUSTED OIBDA GUIDANCE RANGE WOULD BE 15% - 20% HIGHER WITHOUT ONGOING IMPACT OF COVID-19

  • WORLD WRESTLING ENTERTAINMENT- ESTIMATES OF FUTURE PERFORMANCE BEYOND 2021 WILL BE IMPACTED BY RETURN OF BUSINESSES AND VARIOUS OTHER FACTORS

  • MANAGEMENT IS NOT REINSTATING QUARTERLY GUIDANCE AT THIS TIME

  • WORLD WRESTLING ENTERTAINMENT - TIMING AND RATE OF RETURNING TICKET AUDIENCES TO ITS LIVE EVENTS REMAINS SUBJECT TO SIGNIFICANT UNCERTAINTY

  • CONTINUES TO BELIEVE THAT WWE HAS SIGNIFICANT LONG-TERM OPPORTUNITIES AND IS WELL POSITIONED

  • CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS WERE $593 MILLION AS OF DECEMBER 31, 2020

Source text for Eikon: ID:nBw62jv2xa

Further company coverage: WWE.N


((Reuters.Briefs@thomsonreuters.com;))