Wanda Sports Group Company Limited announced unaudited consolidated earnings results for the third quarter ended September 30, 2019. For the quarter, the company announced revenue was EUR 245,175,000 compared to EUR 227,380,000 for the same period a year ago. Loss for the period was EUR 31,199,000 or EUR 0.15 per basic and diluted earnings per common share or EUR 0.23 per basic and diluted ADS holders compared to profit for the period of EUR 13,105,000 or EUR 0.06 per basic and diluted earnings per common share or EUR 0.09 per basic ADS holders and EUR 0.08 per diluted ADS holders for the same period a year ago.

The company provided earnings guidance for the fourth quarter and full year ending December 31, 2019. For the fourth quarter, the company currently expects total revenue to be in the range of EUR 245 million to EUR 260 million, or down 7% to 1% year-over-year. Excluding reimbursement revenue, total revenue to be in the range of EUR 242 million to EUR 257 million, or down 7% to 1% year-over-year.

For the full year 2019, the company currently expects total revenue to be in the range of EUR 1,020 million to EUR 1,035 million, or down 10% to 8% from 2018. Excluding reimbursement revenue, total revenue to be in the range of EUR 987 million to EUR 1,002 million, or up 8% to 10% from 2018.