WWE® to Report Fourth Quarter and Full Year 2022 Results
January 12 2023 - 3:05PM
Business Wire
WWE (NYSE: WWE) announced that it will report its fourth quarter
and full year 2022 results on Thursday, February 2, 2023 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: 3707267). 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 February 2, 2023 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; 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 results of these actions, as well as
possible future actions noted below, of Vince McMahon; the
appointment of Nick Khan as Chief Executive Officer; the findings
of the 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; 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, including, but not limited to, 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/20230112005811/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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