Back to top

Image: Bigstock

World Wrestling Entertainment, Inc.

Read MoreHide Full Article

WWE’s focus on increasing original content, subscriber growth, rise in TV rights fees and monetization of video content across digital and direct-to-consumer platforms bode well. These led the stock to outpace the industry in a year. Although revenue fell short of the consensus mark in third-quarter 2018, earnings surpassed the same after missing in the preceding quarter. Notably, both the top and bottom lines improved year over year. Management envisions significant revenue growth in the final quarter with adjusted OIBDA in the band of $45-$55 million. However, we believe that fall in ticket sales during live events, lower number of live events, rising costs at WWE Network and stiff competition from other entertainment platforms may hurt profitability. Also, the company's media segment remains vulnerable to rising capital expenditures, content cost and operating expense.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


World Wrestling Entertainment, Inc. (WWE) - free report >>