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WWE shares were down in after-hours trading Thursday after falling well short of fourth-quarter earnings and revenue forecasts. In Q4, revenue fell 26% from the prior-year quarter to $238.2 million.
World Wrestling Entertainment (WWE) stock fell on Wednesday after briefly spiking amid a report that Saudi Arabia’s Public Investment Fund (PIF) fund was buying the company.
WWE and Endeavor announced Monday that the two public companies would combine in a deal valuing both companies at more than $21 billion. WWE is being valued at $9.3 billion, a more than 33% ...
The stock closed at $84.90 during regular trading. McMahon intends to sell 8.4 million of his shares, worth about $700 million. He owned more than 28 million shares as of August, according to a ...
WWE NXT was revamped with major changes to "NXT 2.0" starting from the September 14, 2021. [159] WWE would resume full time live touring with full capacity crowds on July 17, with the live broadcast of SmackDown from Dickies Arena in Fort Worth, Texas, followed the next night by the Money in the Bank pay-per-view in the same venue.
Since 2011, the company has branded itself solely with the initials WWE, though the legal name did not change at the time. [22] WWE's majority owner was its executive chairman, third-generation wrestling promoter Vince McMahon, who retained a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power before the merger.
Endeavor will hold a 51% stake in "TKO", with WWE's shareholders having a 49% stake, [6] marking the first time that WWE has not been controlled by the McMahon family. [80] Vince McMahon will serve as executive chairman of the new entity, Emanuel as CEO, and Mark Shapiro as president and chief operating officer.
World Wrestling Entertainment's (WWE) fourth-quarter revenues increase year over year. Notably, higher revenues at the Media segment contribute to the company's top line.