WWE has published in the last hours the financial results of the fourth quarter of 2020. The company has reported on this with press releases and reports for its investors. The sports-entertainment company says that while revenues fell slightly, they largely exceeded analyst estimates for earnings and total as they manage to improve the 2019 data. These have been the main key points.
Revenues registered 238.2 million dollars in the quarter, a decrease of 26% (84.6 million compared to last year). WWE attributes this data to the absence of the event in Saudi Arabia and the lack of public at its shows. Annual revenues amount to $ 974.2 million, an increase of 1% (13.8 million), as growth in television rights rates compensates for the loss of ticket revenue and the absence of an international event on to the big scale.
Operating income falls to 36.2 million. 63% less than last year and a drop of more than 60 million.
Adjusted OIBDA (operating income before amortization) fell to 51.2 million, down 52%.
Paying subscribers on WWE Network increase 6% to 1.5 million. Digital views reach 38,000 million, an increase of 10%, and the hours consumed reach 1,400 million, an increase of 10%, both on digital platforms and social networks Analysts point out that WWE could be affected by the coronavirus restrictions in the first part of 2021 and the recovery of workers, so its expenses can be very high.
They hope to maintain some of the positive data obtained in 2020. Despite this and the numerous expenses, including the ThunderDome, revenues may also rise, largely due to the agreement with NBC to broadcast WWE Network on Peacock, the return to public events such as WrestleMania 37, and large events. scale and international.