World Wrestling Entertainment (WWE) Tops Q2 EPS by 38c, Revenues Miss
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WWE® Reports Strong Second Quarter 2020 Results Driven by Sustained Cost Savings
July 30, 2020 4:10 PM EDTSecond Quarter 2020 Highlights
Revenues were $223.4 million as compared to $268.9 million in the prior year quarter reflecting the timing of the Companys large-scale event in Saudi Arabia; Revenues reached a record $514.4 million year-to-date, representing 14% growth from the prior year period Operating income was $55.7 million as compared to $17.1 million in the prior year quarter Adj. OIBDA1 increased to $73.5 million from $34.6 million in the prior year quarter Free Version of WWE Network was announced on June 1, unlocking a portion of WWEs content library to expand reach and engagement of its direct-to-consumer... More