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Non-Tech : WWE - A Good Investment?
WWE 62.85-1.5%Jan 17 4:02 PM EST

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From: JakeStraw2/12/2019 8:35:48 AM
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WWE® Reports Record Results For Fourth Quarter and Full Year 2018
corporate.wwe.com

Fourth Quarter 2018 Highlights
• Revenues increased 29% to $272.5 million as compared to the prior year quarter
• Operating income nearly doubled to $53.4 million from $27.0 million in the prior year quarter
• Adjusted OIBDA.
increased 57% to $64.4 million, exceeding Company guidance and representing an
all-time record quarter
• WWE Network average paid subscribers
increased 7% to approximately 1.59 million paid subscribers,
consistent with Company guidance

Full Year 2018 Highlights
• Revenue increased 16% to $930.2 million, the highest in the Company’s history
• Operating income increased 51% to a record of $114.5 million
• Adjusted OIBDA increased 31% to $178.9 million, exceeding Company guidance and representing alltime record performance for the second consecutive year
• International revenue increased 58% to $317.8 million from $201.3 million in the prior year, the highest
in the Company’s history and the first-time international revenue has exceeded $300 million
• WWE completed agreements with USA Network (NBCU) and Fox Sports, effective October 1, 2019,
which increase the average annual value (AAV) of its U.S. distribution to 3.6 times that of the prior deal
• Produced new, large-scale international events (Greatest Royal Rumble, Crown Jewel and Super ShowDown) and compelling content across platforms, including the first all-women’s pay-per-view, WWE
Evolution (WWE Network) and the launch of Miz & Mrs. (USA Network)
• Digital engagement continued to grow with video views up 57% to 31.4 billion and hours consumed up
77% to 1.2 billion across digital and social media platforms.
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