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Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:08 EDTWWERumor: WWE strength attributed to takeover speculation
News For WWE From The Last 14 Days
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March 30, 2015
16:22 EDTWWEOn The Fly: Closing Wrap
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13:01 EDTWWEOptions with increasing volume
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12:12 EDTWWEWWE down nearly 10% following release of subscriber numbers
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12:03 EDTWWEWWE sees Q1 adjusted OIBDA exceeding high end of guidance
The level of WWE Network subscribers is a critical determinant of the company’s projected future financial performance. In 2015, the company expects year-over-year adjusted OIBDA growth in every quarter, with growth driven by the performance of WWE Network as well as the escalation of television rights fees, and continued innovation across all of the company’s businesses. For the first quarter, the company currently projects its adjusted OIBDA will exceed the high end of its most recent public guidance associated with the quarter’s actual average of 918,000 paid subscribers.2 The most recent public guidance implied a range of adjusted OIBDA of approximately $3M-$8M associated with that average. The company is maintaining its 2015 Business Outlook at various subscriber levels as released on February 12.
12:01 EDTWWEWWE surpasses 1.3M subscribers
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05:15 EDTWWEWWE reports WrestleMania 31 grossed $12.6M
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March 25, 2015
09:02 EDTWWEWWE announces joint venture with Tapout brand
WWE and Authentic Brands Group announced a joint venture for Tapout. Tapout is now the official fitness and training partner of WWE, and will be integrated across WWE’s global platforms including TV programming, WWE Network, pay-per-view broadcasts, live events, digital, and social media. As part of this strategic partnership, WWE will create new content featuring its superstars and divas in Tapout apparel and market the brand across all platforms. Tapout branding will also be featured at the WWE Performance Center in Orlando, Florida, and all performers, trainers, and staff will be outfitted in Tapout workout apparel.
06:27 EDTWWEWWE to host conference call
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March 24, 2015
13:59 EDTWWEMacquarie sees risk of being long WWE ahead of WrestleMania numbers
Macquarie sees risk to being long WWE (WWE) ahead of WrestleMania subscriber data expected on the March 30 conference call. The firm expects WWE Network to announce 1.5M subs post-Mania but expects that number to drop dramatically, and history suggests the loss of 700,000 subscribers in the next two months. Macquarie said no matter how favorable the numbers are, traders will focus on attrition post-Mania, which may result in a "sell the news" scenario. Shares are Neutral rated with a $14 price target.

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