News
WWE News: WWE Second Quarter Earnings Report Released, Record Revenue
| Six Months Ended June 30, | |||||||||||||||||||||
| 2018 | 2017 | ||||||||||||||||||||
| As Reported |
Loss on Investment | Adjusted | As Reported |
Film Impairments |
Other (4) | Adjusted | |||||||||||||||
| Operating income | $ | 43.0 | $ | — | $ | 43.0 | $ | 14.7 | $ | 3.2 | $ | 5.6 | $ | 23.5 | |||||||
| Interest expense | 8.2 | — | 8.2 | 7.2 | — | — | 7.2 | ||||||||||||||
| Loss on equity investment (1) | 3.0 | (3.0) | — | — | — | — | — | ||||||||||||||
| Investment and other income, net | 2.8 | — | 2.8 | 1.7 | — | — | 1.7 | ||||||||||||||
| Income before taxes | 34.6 | 3.0 | 37.6 | 9.2 | 3.2 | 5.6 | 18.0 | ||||||||||||||
| Provision for income taxes (2) | 9.8 | 0.6 | 10.4 | 3.2 | 1.1 | 2.0 | 6.3 | ||||||||||||||
| Net income | $ | 24.8 | $ | 2.4 | $ | 27.2 | $ | 6.0 | $ | 2.1 | $ | 3.6 | $ | 11.7 | |||||||
| Earnings per share – diluted (3) | $ | 0.29 | $ | 0.03 | $ | 0.32 | $ | 0.08 | $ | 0.03 | $ | 0.05 | $ | 0.15 | |||||||
| (1) During the second quarter of 2018, we recorded an impairment charge of $3.0 million on our investment in a mobile
video publishing business for the excess of the carrying value over its estimated fair value resulting from going concern issues of the underlying investee company. (2) The reduction in the effective tax rate in the current year quarter was primarily driven by the reduction of the federal corporate income tax rate as a result of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”), which was enacted on December 22, 2017. (3) The convertible notes due 2023 have a $0.01 per share impact on diluted earnings per share for the three and six months ended June 30, 2018, as the average price of our common stock exceeded the conversion and warrant prices of $24.91 per share and $31.89 per share, respectively, during the periods. (4) Other during the six months ended June 30, 2017 reflects non-recurring expenses of $5.6 million primarily related to certain legal matters and other contractual obligations within Corporate. |
|||||||||||||||||||||
| World Wrestling Entertainment, Inc.
Supplemental Information – Reconciliation of Adjusted OIBDA (In millions, except per share data) (Unaudited) |
|||||||||||||||
| Three Months Ended June 30, 2018 | |||||||||||||||
| Operating Income | Depreciation & Amortization | Stock Compensation | Other Adjustments | Adjusted OIBDA | |||||||||||
| Media | $ | 32.0 | $ | 3.0 | $ | 9.5 | $ | — | $ | 44.5 | |||||
| Live Events | 13.4 | — | 1.3 | — | 14.7 | ||||||||||
| Consumer Products | 4.6 | — | 2.3 | — | 6.9 | ||||||||||
| Corporate | (28.8) | 3.9 | 2.3 | — | (22.6) | ||||||||||
| Total | $ | 21.2 | $ | 6.9 | $ | 15.4 | $ | — | $ | 43.5 | |||||
| Three Months Ended June 30, 2017 | |||||||||||||||
| Operating Income | Depreciation & Amortization | Stock Compensation | Other Adjustments (1) | Adjusted OIBDA | |||||||||||
| Media | $ | 9.6 | $ | 2.9 | $ | 4.2 | $ | 1.1 | $ | 17.8 | |||||
| Live Events | 17.1 | — | 0.6 | — | 17.7 | ||||||||||
| Consumer Products | 5.5 | — | 0.8 | — | 6.3 | ||||||||||
| Corporate | (21.5) | 3.4 | 0.6 | — | (17.5) | ||||||||||
| Total | $ | 10.7 | $ | 6.3 | $ | 6.2 | $ | 1.1 | $ | 24.3 | |||||
| Six Months Ended June 30, 2018 | |||||||||||||||
| Operating Income | Depreciation & Amortization | Stock Compensation | Other Adjustments | Adjusted OIBDA | |||||||||||
| Media | $ | 67.9 | $ | 6.0 | $ | 14.2 | $ | — | $ | 88.1 | |||||
| Live Events | 16.3 | — | 2.0 | — | 18.3 | ||||||||||
| Consumer Products | 10.6 | — | 3.2 | — | 13.8 | ||||||||||
| Corporate | (51.8) | 7.2 | 3.1 | — | (41.5) | ||||||||||
| Total | $ | 43.0 | $ | 13.2 | $ | 22.5 | $ | — | $ | 78.7 | |||||
| Six Months Ended June 30, 2017 | |||||||||||||||
| Operating Income | Depreciation & Amortization | Stock Compensation | Other Adjustments (1) | Adjusted OIBDA | |||||||||||
| Media | $ | 24.8 | $ | 6.0 | $ | 8.9 | $ | 3.2 | $ | 42.9 | |||||
| Live Events | 20.8 | — | 1.4 | — | 22.2 | ||||||||||
| Consumer Products | 19.9 | — | 1.6 | — | 21.5 | ||||||||||
| Corporate | (50.8) | 7.2 | 0.9 | 5.6 | (37.1) | ||||||||||
| Total | $ | 14.7 | $ | 13.2 | $ | 12.8 | $ | 8.8 | $ | 49.5 | |||||
| (1) Other adjustments during the three and six months ended June 30, 2017 include certain film impairment charges
within our Media segment, and non-recurring legal matters and other contractual obligations within Corporate |
|||||||||||||||
Chairshot Radio Network
Launched in 2017, the Chairshot Radio Network presents you with the best in sports, entertainment, and sports entertainment. Wrestling and wrestling crossover podcasts + the most interesting content + the most engaging hosts = the most entertaining podcasts you’ll find!
MONDAY - Bandwagon Nerds (entertainment & popular culture)
TUESDAY - 4 Corners Podcast (sports)
WEDNESDAY - The Greg DeMarco Show (wrestling)
THURSDAY - Nefarious Means
FRIDAY - DWI Podcast (Drunk Wrestling Intellect)
SATURDAY - The Mindless Wrestling Podcast
SUNDAY - 30 Mindless Minutes
CHAIRSHOT RADIO NETWORK PODCAST SPECIALS
Attitude Of Aggression Podcast: The Big Five Project (chronologically exploring WWE's PPV/PLE history) Unidentified History (Ufology) & Game Gone Wrong (Game of Thrones Universe)
Chairshot Radio Network Your home for the hardest hitting podcasts... Sports, Entertainment and Sports Entertainment!
Powered by RedCircle
Let us know what you think on social media @ChairshotMedia and always remember to use the hashtag #UseYourHead!
News
TNA Impact on AMC Drops to 175,000 Viewers, 0.03 18-49 Rating Amid Heavy Sports Competition
TNA Thursday Night Impact averaged 175,000 viewers on AMC last week, a 17.5% decline from the previous week’s 212,000 and the lowest audience since January 22. The show posted a 0.03 rating in the key 18-49 demo, down 25% and matching its lowest demo figure on AMC since the move.
The drop coincided with stiff competition — Impact ran opposite the NFL Draft (simulcast on ESPN, ABC and the NFL Network) as well as NHL and NBA playoff coverage, leaving the program tied for 70th on the primetime cable charts. Versus the prior 10-week average (0.04 rating and 240,300 viewers), last week’s show fell 25% in the demo and 27.2% in overall viewers.
Originally reported by Wrestling Observer: https://www.f4wonline.com/news/tna-wrestling/tna-impact-viewership-18-49-rating-take-big-hit/.
Chairshot Radio Network
Launched in 2017, the Chairshot Radio Network presents you with the best in sports, entertainment, and sports entertainment. Wrestling and wrestling crossover podcasts + the most interesting content + the most engaging hosts = the most entertaining podcasts you’ll find!
MONDAY - Bandwagon Nerds (entertainment & popular culture)
TUESDAY - 4 Corners Podcast (sports)
WEDNESDAY - The Greg DeMarco Show (wrestling)
THURSDAY - Nefarious Means
FRIDAY - DWI Podcast (Drunk Wrestling Intellect)
SATURDAY - The Mindless Wrestling Podcast
SUNDAY - 30 Mindless Minutes
CHAIRSHOT RADIO NETWORK PODCAST SPECIALS
Attitude Of Aggression Podcast: The Big Five Project (chronologically exploring WWE's PPV/PLE history) Unidentified History (Ufology) & Game Gone Wrong (Game of Thrones Universe)
Chairshot Radio Network Your home for the hardest hitting podcasts... Sports, Entertainment and Sports Entertainment!
Powered by RedCircle
Let us know what you think on social media @ChairshotMedia and always remember to use the hashtag #UseYourHead!
News
Nick Hogan Open to Pursuing In-Ring Career After Viewing Hulk Hogan: Real American
Nick Hogan told the Bonus Edition of the 83 Weeks podcast that after watching the final version of Hulk Hogan: Real American he’s more open than ever to stepping into the ring if the opportunity presents itself. Hogan said he’s been knocking off ring rust, is in good shape and “would absolutely welcome” the chance to pursue an in‑ring career, and noted the docuseries — which premiered on Netflix on April 22, 2026 — helped clarify his father’s legacy.
He also praised the series for pulling back the curtain on the many facets of Hulk Hogan, from character work to charitable efforts, saying it showed how dynamic a person his father is. Nick added that the long-discussed Chris Hemsworth biopic from 2019 remains a possibility despite delays, as the documentary continues to renew interest in Hogan’s story.
Originally reported by Wrestling Observer: https://www.f4wonline.com/news/nick-hogan-would-absolutely-welcome-opportunity-to-pursue-wrestling-career/.
Chairshot Radio Network
Launched in 2017, the Chairshot Radio Network presents you with the best in sports, entertainment, and sports entertainment. Wrestling and wrestling crossover podcasts + the most interesting content + the most engaging hosts = the most entertaining podcasts you’ll find!
MONDAY - Bandwagon Nerds (entertainment & popular culture)
TUESDAY - 4 Corners Podcast (sports)
WEDNESDAY - The Greg DeMarco Show (wrestling)
THURSDAY - Nefarious Means
FRIDAY - DWI Podcast (Drunk Wrestling Intellect)
SATURDAY - The Mindless Wrestling Podcast
SUNDAY - 30 Mindless Minutes
CHAIRSHOT RADIO NETWORK PODCAST SPECIALS
Attitude Of Aggression Podcast: The Big Five Project (chronologically exploring WWE's PPV/PLE history) Unidentified History (Ufology) & Game Gone Wrong (Game of Thrones Universe)
Chairshot Radio Network Your home for the hardest hitting podcasts... Sports, Entertainment and Sports Entertainment!
Powered by RedCircle
Let us know what you think on social media @ChairshotMedia and always remember to use the hashtag #UseYourHead!


