WWE® To Participate in SVB MoffettNathanson Technology, Media & Telecom Conference
15 Mai 2023 - 02:30PM
Business Wire
WWE (NYSE: WWE) announced that its Chief Executive Officer, Nick
Khan, will participate in the SVB MoffettNathanson Technology,
Media & Telecom Conference on Thursday, May 18, 2023 at 1:00
p.m. Eastern Time in New York, NY.
A live webcast of the event will be available on the company’s
Investor Relations website at corporate.wwe.com/investors. A replay
of the webcast will be available shortly after the conclusion of
the presentation.
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, 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 regarding future financial results, the impact of
recent changes to management and our board of directors (the
“Board”); the timing and outcome of the Company’s media and other
rights negotiations including major domestic programming licenses
expected to be negotiated in 2023; the Company’s pending business
combination with UFC; 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. 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 expected future results or
performance expressed or implied by any forward-looking
statements.
These forward-looking statements are subject to uncertainties
relating to, without limitation, the impact of actions by Mr.
McMahon (who has a controlling interest in the Company due to his
ownership of a substantial majority of our Class B common stock and
whose interests could conflict with those of our Class A common
stockholders), as well as the consummation of the pending business
combination with UFC in the expected timeline or at all, in each
case which could have adverse financial and operational
impacts.
The following additional factors, among others, could cause
actual results to differ materially from those contained in
forward-looking statements: diversion of management’s time and
attention due to the pending business combination with UFC; the
possibility that neither WWE nor Endeavor will have sufficient cash
at close to distribute to shareholders of the new public company
(or that the amount of cash available for distribution will be less
than what the parties expect); COVID-19, which may continue to
affect negatively world economies as well as our industry, business
and results of operations; 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;
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; 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; inflationary pressures
and interest rate changes; our indebtedness including our
convertible notes; our potential failure to meet market
expectations for our financial performance; 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 cause our stock price to decline; and the
volatility in trading prices 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, general economic and
competitive conditions and such other factors as our Board 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 any documents filed, or to be filed, by
the Company with the SEC, including, but not limited to, the
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and “Risk Factors” sections of our annual
reports on Form 10-K and 10-K/A and quarterly reports on Form
10-Q/A and Form 10-Q.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230511005087/en/
Investors: Seth Zaslow
203-352-1026 Seth.Zaslow@wwecorp.com Media: Chris Legentil 203-352-8793
chris.legentil@wwecorp.com
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