WWE was able to beat the estimates in their earnings report. Let’s take a closer look.

Vince McMahon’s company beat estimates of their earnings report. Their target was 28 cents per share. They hit 42 as Wall Street lowered their target.

WWE boasted a 60% increase for the 1st quarter of 2020 from the previous year. They had an operating income of $53.3 million compared to losing $6.8 in 2019.

WWE Network averaged 1.46 million paid subscribers as well and the company celebrated a multi-year distribution deal with Sony Pictures Network in India as well as DAZN in Germany.

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Digital video views were up 25% to 9.6 billion. Hours consumed watching that content increased 15% to 344 million across all of the company’s digital platforms.

Felix Upton

Felix Upton is a seasoned writer with over 30 years of experience. He began his career writing advertisements for local newspapers in New York before transitioning to publishing news for Ringside News. His expertise includes writing, editing, research, photo editing, and video editing. In his free time, he enjoys bungee jumping and learning extinct languages.

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