WWE beat fourth-quarter 2019 earnings estimates but missed on revenue, despite reaching a record high in revenue thanks to its big “SmackDown” on Fox deal.
Wall Street forecast earnings per share (EPS) of 73 cents on $333.28 million in revenue, according to a consensus estimate compiled by Yahoo Finance. On Thursday, WWE actually reported EPS of 78 cents on $322.8 million in revenue for its 2019 Q4 — an 18% increase in revenue over the prior year’s comparable quarter — which is the highest quarterly revenue in the company’s history.
During Q4, WWE Network’s average paid subscribers dropped 10% to 1.42 million. That’s slightly lower than the company’s 1.43 million subscriber projection.
It sounds like major changes could be on the horizon for the WWE streaming service.
Live events revenue was -20% from 2018’s fourth quarter, with fewer events leading to a decline in North American ticket sales. However, there was a slight bump in international sales, primarily due to the increased average ticket price, though fewer events were held abroad as well and there was a decline in attendance.
Consumer products declined as video game “WWE 2K20” was very poorly received, and merchandise sales were down again as well, though not as dramatically as previous quarters.
It’s also worth noting that WWE’s big content distribution deal in the Middle East still hasn’t closed, a venture which would have boosted Q4 revenue results.
“During the fourth quarter, we expanded the reach of WWE’s live programming and further engaged with diverse audiences across platforms and formats,” WWE chairman and CEO Vince McMahon said. “We believe the value of live sports will continue to increase, particularly in today’s evolving media landscape, and we are well positioned to take advantage of this trend to maximize the value of our content.”
Frank Riddick, interim chief financial officer, added: “For the year, we achieved record revenue and Adjusted OIBDA. However, with the delay in completing a Middle East distribution agreement as well as lower business performance than anticipated, our results were at the low-end of guidance. As we work to strengthen engagement in 2020, we are pursuing several strategic initiatives that could increase the monetization of our content, including the distribution of content in the Middle East and India as well as strategic alternatives for our direct-to-consumer service, WWE Network. Excluding the potential impact of these initiatives, we expect significant revenue growth based on the full year impact of our new content distribution agreements in the U.S. and anticipate Adjusted OIBDA of $250 to $300 million. Management believes it has the potential to exceed this range, but is unable to provide additional guidance at this time.”
WWE stock closed Wednesday afternoon at $49 per share, up $1.64. The regular trading day for the U.S. stock markets open at 9:30 a.m. ET.
McMahon and other WWE executives will host a conference call at 11 a.m. ET to discuss the quarter and full year in greater detail. Barrios and Wilson will not be part of the call, but their presence will undoubtedly loom.
Every WWE Champion Ever, Ranked by Number of Reigns (Photos)
Pro-wrestling championship belts change hands like grapplers change ring gear these days, though it wasn't always that way. Bobby Lashley is again WWE Champion, thanks to a little outside interference from Roman Reigns and Paul Heyman at the 2022 WWE Royal Rumble.
After a Brock Lesnar F-5 K.O.-ed the referee on Saturday, Jan. 29, Reigns ran in with a devastating spear. He then demanded the WWE Championship belt from Heyman, who obliged. The title itself delivered the final blow to Brock. All Lashley had to do was muster a cover.
Scroll through our gallery to see every WWE Champion ever, ranked by their number(s) of title wins. Remember: this is a list of those who won the WWWF Championship, the WWF Championship or the WWE Championship. So don't come after us, Universal Champions, et al.
WWE
Rank: 32 (tie)
Wrestler: Kofi Kingston
# of Reigns: 1
The power of positivity.
Rank: 32 (tie)
Wrestler: Jeff Hardy
# of Reigns: 1
The un-"Broken" half of the Hardy Boyz has had the more storied singles career.
Rank: 32 (tie)
Wrestler: Bray Wyatt
# of Reigns: 1
The Fiend used to go by "Husky Harris" -- we'd say this run is working out better for him.
Rank: 32 (tie)
Wrestler: Sgt. Slaughter
# of Reigns: 1
Camel Clutch, Cobra Clutch -- whatever "C"-animal it was, it hurt.
Rank: 32 (tie)
Wrestler: Dean Ambrose
# of Reigns: 1
And "The Lunatic Fringe" pulled this off while wearing jeans.
Rank: 32 (tie)
Wrestler: Chris Jericho
# of Reigns: 1
You're a "stupid idiot" if you didn't know this guy made "The List."
Rank: 32 (tie)
Wrestler: Eddie Guerrero
# of Reigns: 1
Generally considered one of the best ever to have done it held the big-boy belt for 133 days.
Rank: 32 (tie)
Wrestler: Jinder Mahal
# of Reigns: 1
The "Modern-Day Maharaja" dropped the title to A.J. Styles.
Rank: 32 (tie)
Wrestler: John "Bradshaw" Layfield
# of Reigns: 1
JBL has taken his heel persona from the ring to the announce table. Never without a cowboy hat, Layfield thankfully leaves his lariat clothesline at home.
Rank: 32 (tie)
Wrestler: The Ultimate Warrior
# of Reigns: 1
The muscle-bound maniac who handed Hulk Hogan his first-ever "WrestleMania" loss died after suffering a heart attack three days after being inducted into the WWE Hall of Fame.
Rank: 32 (tie)
Wrestler: "Superstar" Billy Graham
# of Reigns: 1
"Superstar" Billy Graham was a bodybuilder and buddy of Arnold Schwarzenegger. Yeah, blame Graham's body for Jinder Mahal's run.
Rank: 32 (tie)
Wrestler: Kevin Nash
# of Reigns: 1
You mean Tarzan from "Magic Mike"?!?!? Yes, yes we do.
Rank: 32 (tie)
Wrestler: Pedro Morales
# of Reigns: 1
History lesson: Back in the WWWF days, Morales became the first guy in wrestling history to win all three of the major men's titles -- the WWF Championship, the Intercontinental Championship and the WWF Tag Team Championship -- in the company.
Rank: 32 (tie)
Wrestler: André the Giant
# of Reigns: 1
The tales about André the Giant sometimes feel as tall as he was.
Rank: 32 (tie)
Wrestler: The Iron Sheik
# of Reigns: 1
This guy is as big a hit on Twitter as he was in the ring.
Rank: 32 (tie)
Wrestler: Kane
# of Reigns: 1
You wouldn't know it by looking at him, but Kane, now mayor of Knox County in Tennessee, is one of the smartest Superstars in WWE history.
Rank: 32 (tie)
Wrestler: Rey Mysterio
# of Reigns: 1
We're not going to talk about how ridiculous the setup to his finishing move, "The 6-1-9," became. This is a happy list.
Rank: 32 (tie)
Wrestler: Stan Stasiak
# of Reigns: 1
Unfortunately Stasiak only held the belt for nine days.
Rank: 32 (tie)
Wrestler: Rob Van Dam
# of Reigns: 1
One of the most popular ECW wrestlers of all-time, RVD has brought his three initials to seemingly every pro-wrestling promotion with three initials.
Rank: 32 (tie)
Wrestler: Ivan Koloff
# of Reigns: 1
The "Russian Bear" was actually Canadian.
Rank: 32 (tie)
Wrestler: Buddy Rogers
# of Reigns: 1
Rogers was kinda-sorta the first champion in the company. It's complicated -- ask Killer Kowalski and Bruno Sammartino.
Rank: 32 (tie)
Wrestler: Vince McMahon
# of Reigns: 1
Hell, Mr. McMahon runs the damn company -- of course he made this list.
Rank: 32 (tie)
Wrestler: Big E
# of Reigns: 1
Big E has had a big career -- both as a singles performer and a member of The New Day.
Rank: 16 (tie)
Wrestler: The Miz
# of Reigns: 2
The kid from "The Real World" made good on his over-the-top MTV promos. One of the best on the mic, Miz has been holding down the Intercontinental Championship more than any other Superstar of the past few years.
Rank: 16 (tie)
Wrestler: Drew McIntyre
# of Reigns: 2
Scottish Psychopath joined the WWE Champions' and two-timers club all in 2020.
Rank: 16 (tie)
Wrestler: Batista
# of Reigns: 2
Guardian of the Galaxy, defender of WWE Championship.
Rank: 16 (tie)
Wrestler: The Big Show
# of Reigns: 2
You can't miss this two-time champ -- not even in a mega-arena.
Rank: 16 (tie)
Wrestler: A.J. Styles
# of Reigns: 2
"The Phenomenal One" held the belt for 371-straight days, which is a record for a "SmackDown" wrestler.
Rank: 16 (tie)
Wrestler: Alberto Del Rio
# of Reigns: 2
Si! Si! Si! Si! Si! Si! Si!
Rank: 16 (tie)
Wrestler: Sycho Sid
# of Reigns: 2
It was a long way down from Shawn Michaels' former bodyguard's power-bomb.
Rank: 16 (tie)
Wrestler: "Nature Boy" Ric Flair
# of Reigns: 2
If you haven't watched ESPN's "30 for 30: Nature Boy," do that. Oh, and look up Flair's ridiculous NWA runs too.
Rank: 16 (tie)
Wrestler: Sheamus
# of Reigns: 2
Master of the Brogue Kick, Rocksteady in the "Ninja Turtles" movies -- which is the greater accomplishment?
Rank: 16 (tie)
Wrestler: Seth Rollins
# of Reigns: 2
He's BURN(ed) IT DOWN more than once.
Rank: 16 (tie)
Wrestler: Yokozuna
# of Reigns: 2
That belt needed a few extenders to fit around the sumo.
Rank: 16 (tie)
Wrestler: CM Punk
# of Reigns: 2
Let's just say he was a little less successful in the UFC -- but maybe an AEW run?
Rank: 16 (tie)
Wrestler: Randy "Macho Man" Savage
# of Reigns: 2
Before he snapped into Slim Jims, the "Macho Man" was snapping dudes in half.
Rank: 16 (tie)
Wrestler: Bob Backlund
# of Reigns: 2
Backlund couldn't "Make Darren Young Great Again" -- or even keep the guy employed -- but the master of the cross-face chicken wing had a pretty incredible career of his own.
Rank: 16 (tie)
Wrestler: Bruno Sammartino
# of Reigns: 2
Google him, kids.
Rank: 16 (tie)
Wrestler: Bobby Lashley
# of Reigns: 2
Lashley just looks like the guy who should be champion.
Rank: 13 (tie)
Wrestler: Mankind
# of Reigns: 3
Mick Foley nearly killed himself to raise these titles.
Rank: 13 (tie)
Wrestler: Roman Reigns
# of Reigns: 3
The Head of the Table may make the top of this list when all is said and done.
Rank: 13 (tie)
Wrestler: Shawn Michaels
# of Reigns: 3
Before he found God, the "Heartbreak Kid" found jaws with his foot, popularizing the Superkick.
Rank: 9 (tie)
Wrestler: Daniel Bryan
# of Reigns: 4
Fellow fan-favorite Superstar is now in AEW with CM Punk.
Rank: 9 (tie)
Wrestler: Edge
# of Reigns: 4
On this day, you can see clearly... that Edge is one of the best to ever lace up.
Rank: 9 (tie)
Wrestler: The Undertaker
# of Reigns: 4
The Dead Man is truly a living legend.
Rank: 9 (tie)
Wrestler: Kurt Angle
# of Reigns: 4
Top 10, it's true -- it's damn true.
Rank: 8
Wrestler: Bret "Hitman" Hart
# of Reigns: 5
The best there is, the best there was, and the best there ever will be.
Rank: 5 (tie)
Wrestler: Hulk Hogan
# of Reigns: 6
Hulkamania was real. Then again, so was Gawker at one point.
Rank: 5 (tie)
Wrestler: "Stone Cold" Steve Austin
# of Reigns: 6
On the Mt. Rushmore of all-time greats, and that's the bottom line.
Rank: 3 (tie)
Wrestler: The Rock
# of Reigns: 8
He may be Dwayne Johnson now, but he'll always be "The Rock" to us.
Rank: 3 (tie)
Wrestler: Triple H
# of Reigns: 8
Boss of The Authority and former DX member has two words for the other guys on this list. We can't reprint them.
Rank: 2
Wrestler: Randy Orton
# of Reigns: 10
The Viper has RKO'd a lot of dudes outta nowhere.
Rank: 1
Wrestler: John Cena
# of Reigns: 13
U Can't See Him.
1 of 55
From Buddy Rogers to Bobby Lashley, here are all the guys from the old WWWF and WWF days — and beyond
Pro-wrestling championship belts change hands like grapplers change ring gear these days, though it wasn't always that way. Bobby Lashley is again WWE Champion, thanks to a little outside interference from Roman Reigns and Paul Heyman at the 2022 WWE Royal Rumble.
After a Brock Lesnar F-5 K.O.-ed the referee on Saturday, Jan. 29, Reigns ran in with a devastating spear. He then demanded the WWE Championship belt from Heyman, who obliged. The title itself delivered the final blow to Brock. All Lashley had to do was muster a cover.
Scroll through our gallery to see every WWE Champion ever, ranked by their number(s) of title wins. Remember: this is a list of those who won the WWWF Championship, the WWF Championship or the WWE Championship. So don't come after us, Universal Champions, et al.