WWE® to Report Second Quarter 2022 Results
15 August 2022 - 08:38PM
Business Wire
WWE (NYSE: WWE) announced that it will report its second quarter
2022 results on Tuesday, August 16, 2022 prior to the market
opening. The Company will host a conference call beginning at 8:30
a.m. ET to discuss the results.
All interested parties are welcome to listen to a live webcast
that will be hosted through the Company’s web site at
corporate.wwe.com/investors. Participants can access the conference
call by dialing 855-200-4993 (toll free) or 323-794-2092 from
outside the U.S. (conference ID for both lines: 69300081). Please
reserve a line approximately 10 minutes prior to the start time of
the conference call.
The earnings presentation referenced during the call will be
made available on August 16, 2022 at corporate.wwe.com/investors. A
replay of the call will be available approximately two hours after
the conference call concludes, and can be accessed on the Company’s
web site.
About WWE
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 entertainment on its television
programming, premium live events, digital media, and publishing
platforms. WWE’s TV-PG programming can be seen in more than 1
billion homes worldwide in 30 languages through world-class
distribution partners including NBCUniversal, FOX, BT Sport, Sony
India, and Rogers. The award-winning WWE Network includes all
premium live events, scheduled programming and a massive
video-on-demand library and is currently available in more than 180
countries. In the United States, NBCUniversal’s streaming service,
Peacock, is the exclusive home to WWE Network.
Additional information on WWE can be found at wwe.com and
corporate.wwe.com.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos, and copyrights are the exclusive property of WWE
and its subsidiaries. All other trademarks, logos and copyrights
are the property of their respective owners.
Forward-Looking Statements: This
press release contains, and oral statements made from time to time
by our representatives may contain, forward-looking statements
pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995. Forward looking statements include statements
regarding, our outlook for future financial results, the impact of
recent management changes, the scope, duration and findings of the
investigation being conducted by the special committee of
independent members of our Board of Directors; our plans to
remediate identified material weaknesses in our disclosure control
and procedures and our internal control over financial reporting,
and regulatory, investigative or enforcement inquiries, subpoenas
or demands arising from, related to, or in connection with these
matters. In addition, the words “may,” “will,” “could,”
“anticipate,” “plan,” “continue,” “project,” “intend,” “estimate,”
“believe,” “expect,” “outlook,” “target,” “goal,” “guidance” and
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such words. These statements relate to future possible events, as
well as our plans, objectives, expectations and intentions and are
not historical facts and accordingly involve known and unknown
risks and uncertainties and other factors that may cause the actual
results or the performance by us to be materially different from
future results or performance expressed or implied by such
forward-looking statements. These forward-looking statements are
subject to uncertainties relating to, without limitation, the
departure of Vince McMahon from the Company and the appointment of
Stephanie McMahon and Nick Khan as co-Chief Executive Officers; the
scope, duration and findings of the ongoing investigation by the
special committee of independent members of our Board of Directors;
regulatory, investigative or enforcement inquiries, subpoenas or
demands arising from, related to, or in connection with these
matters; our ability to remediate material weaknesses in our
disclosure controls and procedures and our internal control over
financial reporting; and reputational harm to the Company’s
relationships with its stockholders, customers, talent and
partners, which may have adverse financial and operational impacts,
among other factors. The following additional factors, among
others, could cause actual results to differ materially from those
contained in forward-looking statements: the COVID-19 outbreak,
which may continue to affect negatively world economies as well as
our industry, business and results of operations; entering,
maintaining and renewing major distribution and licensing
agreements; a rapidly evolving and highly competitive media
landscape; WWE Network; computer systems, content delivery and
online operations of our Company and our business partners; privacy
norms and regulations; our need to continue to develop creative and
entertaining programs and events; our need to retain and continue
to recruit key performers; the possibility of a decline in the
popularity of our brand of sports entertainment; the resignation of
Vincent K. McMahon; possible adverse changes in the regulatory
atmosphere and related private sector initiatives; the highly
competitive, rapidly changing and increasingly fragmented nature of
the markets in which we operate and/or our inability to compete
effectively, especially against competitors with greater financial
resources or marketplace presence; uncertainties associated with
international markets including possible disruptions and
reputational risks; our difficulty or inability to promote and
conduct our live events and/or other businesses if we do not comply
with applicable regulations; our dependence on our intellectual
property rights, our need to protect those rights, and the risks of
our infringement of others’ intellectual property rights; the
complexity of our rights agreements across distribution mechanisms
and geographical areas; potential substantial liability in the
event of accidents or injuries occurring during our physically
demanding events; large public events as well as travel to and from
such events; our expansion into new or complementary businesses,
strategic investments and/or acquisitions; our accounts receivable;
the construction and move to our new leased corporate and media
production headquarters; litigation and other actions,
investigations or proceedings; a change in the tax laws of key
jurisdictions; our feature film business; a possible decline in
general economic conditions and disruption in financial markets
including any resulting from COVID-19; our indebtedness including
our convertible notes; our potential failure to meet market
expectations for our financial performance; through his beneficial
ownership of a substantial majority of our Class B common stock,
our controlling stockholder, Vincent K. McMahon could exercise
ultimate control over our affairs, and his interests may conflict
with the holders of our Class A common stock; our share repurchase
program; a substantial number of shares are eligible for sale by
the McMahons and the sale, or the perception of possible sales, of
those shares could lower our stock price; and the volatility of our
Class A common stock. In addition, our dividend and share
repurchases are 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 (including under our revolving credit
facility), general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
Forward-looking statements made by the Company speak only as of the
date made and are subject to change without any obligation on the
part of the Company to update or revise them. Undue reliance should
not be placed on these statements. For more information about risks
and uncertainties associated with the Company’s business, please
refer to the “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Risk Factors” sections of
the Company’s SEC filings.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220815005486/en/
Investors: Seth Zaslow 203-352-1026
seth.zaslow@wwecorp.com
Media: Matthew Altman 203-352-1177
matthew.altman@wwecorp.com
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