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WORLD WRESTLING ENTERTAINMENT, INC.

(WWE)
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Delayed Nyse  -  04:00:02 2023-02-06 pm EST
90.55 USD   +0.93%
02/03Benchmark Adjusts Price Target on World Wrestling Entertainment to $95 From $86, Maintains Buy Rating
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02/02WORLD WRESTLING ENTERTAINMENTINC Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
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02/02WWE's Q4 Earnings Slip, Revenue Increases Over Year-Ago Period
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WORLD WREST'A' : WWE« Names Thomas Veit Senior Vice President of Live Events

02/14/2011 | 11:15am EST

WWE announced today that Thomas Veit has been named Senior Vice President of Live Events. Veit will report to Stephanie McMahon, WWE Executive Vice President, Creative Development and Operations. In his new role, Veit will oversee WWE's Live Events department which includes ticket sales, event marketing and booking.

?Tom has a proven track record not only with WWE but with several professional sports organizations,? said Stephanie McMahon. ?His extensive experience in live event promotions and operations will be a tremendous asset to the company.?

Prior to joining WWE, Veit was President of Major League Soccer's Philadelphia Union and PPL Park As President, he directed the creation, development, and operation of all business activities for the launch of the stadium and team.

Veit was the Associate Athletic Director for External Affairs at the University of South Florida prior to Keystone Sports & Entertainment. He has also held positions with the XFL's Orlando Rage, Major League Soccer's Tampa Bay Mutiny, Arena Football League's Tampa Bay Storm, Pace Entertainment and Clear Channel Communications.

Veit holds a Bachelor of Arts degree in Government and International Affairs from the University of South Florida.

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly, PG content across all of its platforms including television programming, pay-per-view, digital media and publishing. WWE programming is broadcast in more than 145 countries and 30 languages and reaches more than 500 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Chicago, London, Shanghai, Singapore, Tokyo and Mexico City. Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, copyrights and logos are the exclusive property of WWE, Inc. and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete; acceptance of the Company's brands, media and merchandise within those markets; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing live events both domestically and internationally; uncertainties associated with international markets; risks relating to our film business and any new business initiative which we may undertake; risks relating to the large number of shares of common stock controlled by members of the McMahon family; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is significant and is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant, including a waiver by the McMahon family of a portion of the dividends.

WWE
Media:
Kate Cox, 203-352-8630
Kate.Cox@wwecorp.com
Adam Hopkins, 203-352-8675
Adam.Hopkins@wwecorp.com
Investor:
Michael Weitz, 203-352-8642
Michael.Weitz@wwecorp.com


ę Business Wire 2011
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Analyst Recommendations on WORLD WRESTLING ENTERTAINMENT, INC.
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Financials (USD)
Sales 2023 1 341 M - -
Net income 2023 243 M - -
Net cash 2023 572 M - -
P/E ratio 2023 32,5x
Yield 2023 0,52%
Capitalization 6 741 M 6 741 M -
EV / Sales 2023 4,60x
EV / Sales 2024 4,13x
Nbr of Employees 890
Free-Float 57,8%
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Technical analysis trends WORLD WRESTLING ENTERTAINMENT, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 90,55 $
Average target price 100,67 $
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Nick Khan Chief Executive Officer & Director
Frank A. Riddick President & Chief Financial Officer
Vincent Kennedy McMahon Executive Chairman
Rajan Mehta Chief Technology Officer
Bradley M. Blum Executive Vice President-Operations
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