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WWE News: WWE Second Quarter Earnings Report Released, Record Revenue

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WWE Logo
World Wrestling Entertainment, Inc.

Supplemental Information – Reconciliation of Business Outlook

(In millions, except per share data)

(Unaudited)

 

Reconciliation of Adjusted OIBDA to Operating Income

Q2 2018 Q2 2018 YTD Q3 2018 FY 2018
Adjusted OIBDA $ 43.5 $ 78.7 $30 – $34 $160 – $170
Depreciation & amortization (6.9) (13.2)
Stock-based compensation (15.4) (22.5)
Film impairments (1)
Asset impairments (1)
Gain (losses) on operating assets (1)
Restructuring charges (1)
Other operating income items (1)
Operating income (U.S. GAAP Basis) $ 21.2 $ 43.0 Not estimable Not estimable
(1) Because of the nature of these items, WWE is unable to estimate the amounts of any adjustments for these items

for periods after June 30, 2018 due to its inability to forecast if or when such items will occur. These items are

inherently unpredictable and may not be reliably quantified.

World Wrestling Entertainment, Inc.

Supplemental Information – Free Cash Flow

(In millions)

(Unaudited)

Three Months Ended Six Months Ended
June 30, June 30,
2018 2017 2018 2017
Net cash provided by operating activities $ 74.2 $ 10.8 $ 76.8 $ 13.8
Less cash used for capital expenditures:
Purchase of property and equipment and other assets (7.8) (8.2) (12.2) (12.5)
Free Cash Flow $ 66.4 $ 2.6 $ 64.6 $ 1.3

 

Contacts

For WWE
Investors:
Michael Weitz, 203-352-8642
or
Michael Guido, CFA, 203-352-8779
or
Media:
Matthew Altman, 203-352-1177

 

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AEW Coverage

Mitchell’s AEW Continental Classic Update! (11/27/23)

What a start to the tournament!

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Did your picks win points?

The AEW Continental Classic is underway, with almost everyone competing. Check in here if you haven’t seen the winners and losers of week 1!

Here are your Gold League standings!

  • Jon Moxley: 1-0, 3 points
  • Swerve Strickland: 1-0, 3 points
  • Jay White: 1-0, 3 points
  • Rush: 0-1, 0 points
  • Mark Briscoe: 0-1, 0 points.
  • Jay Lethal: 0-1, 0 points

 

Here are your Blue League standings!

  • Brody King: 1-0, 3 points
  • Claudio Castagnoli: 1-0, 3 points
  • Daniel Garcia: 0-1, 0 points
  • Eddie Kingston: 0-1, 0 points
  • Bryan Danielson: Yet to Compete
  • Andrade El Idolo: Yet to Compete

 

My Thoughts:

Nothing too crazy, nothing too wild, this tournament only just got started. The only disappointing point is that they could not get Bryan “cleared to compete” Saturday night. Not sure how much of that is shoot given the bad eye, but this was kinda the problem of wanting him in the tournament over tons of other choices. Bryan wants to face Okada for WrestleKingdom 18, how is Bryan supposed to do that at his best if he’s also gonna be in a round robin, doing five top level matches in about as many weeks? And it takes away from Andrade being able to do something. Also a little surprised we didn’t even hear from Andrade on Saturday.

Now as we heard on Saturday, round two’s matches are set. Gold League will see Mark Briscoe VS Rush, White VS Swerve, and of course, Moxley VS Lethal. Nice variety there, a couple 0-1 guys facing off, as well as two 1-0 guys, and then 1-0 VS 0-1. No offense to Lethal, but he feels like an 0-2 going up against Moxley. Hard to call the other ones but that’s the fun of it. Meanwhile, Blue League sees Brody VS Claudio in a showdown to be 2-0, then Bryan and Andrade finally jump in, Bryan against Eddie and Andrade against Garcia. Sadly, feels like Eddie and Garcia are going 0-2, no way Tony Khan is booking Bryan and Andrade to lose their first shots.

In fact, that could be half the reason they did wait on those two, that’s almost too good for just a first round opener. But I still would’ve done it, same as NJPW does stuff like that for round robins, which this is all modeled after anyway.


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AEW Coverage

AEW announces Continental Classic entrants

The C2 is set!

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Tony Khan Reveals the Blue and Gold “Leagues!”

Originally livestreamed, Tony Khan and Tony Schiavone officially announced the twelve total entrants and divided them into the two round robin blocks known as the “Blue League” and “Gold League.” If you don’t feel like sifting through the almost 30 minute video, the groups are:

Blue League

  • Bryan Danielson
  • Andrade El Idolo
  • Brody King
  • Claudio Castagnoli
  • Daniel Garcia
  • Eddie Kingston

Gold League

  • Jon Moxley
  • Swerve Strickland
  • Rush
  • Mark Briscoe
  • Jay Lethal
  • Jay White

 

Tony Khan also explains the rules for the Continental Classic:

  • Every match has a 20 minute time limit
  • The winner of each match earns 3 points, losers earn 0, 1 point for a draw
  • EVERYONE ELSE is banned from ringside for true 1v1 action

 

Eddie Kingston also joined the selection special as his “life’s work” is on the line in this tournament, both the ROH World Championship and NJPW Strong Openweight Championship on the line as part of the modern day North American Triple Crown Eddie, Tony Khan, AEW, ROH and NJPW are looking to create together. Gold League competes tonight on Dynamite while Blue League will have their start this Saturday on Collision. Look for more articles like this one to keep up with the Continental Classic standings over the next six weeks of tournament action!


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