Read on for my thoughts on yesterday's WWE financial information release.
WWE put out a press release on their Q1 results:
- It's telling they're raising their guidance for 2018 again. Business is big.
- Wow. Nice increase in how much content people are watching, although I don't know how that affects the bottom line.
- Their social/digital business continues to soar.
- A notable drop in live event revenues. That's something to keep an eye on.
- Yikes. A BIG drop in consumer products from last year.
- Licensing took a big hit. Ouch.
- It is good to see operating expenses down.
WWE had a conference call to discuss the results, highlighted here:
- It's often pretty fun to see WWE execs evade questions.
- It will be interesting to see if being at NBC's upfronts will mean WWE is staying on USA.
- Ratings outside the U.S. aren't great.
More wrestling coming up.
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