WWE Stock Plummets to $40 Per Share

WWE

WWE stock sunk sub-$40 per share in premarket trading Thursday, following the pro-wrestling company’s release of Q4 and full-year 2019 financials. When the U.S. market opened at 9:30 a.m. ET, WWE stock was at $40.24 per share.

That’s down 18% from the $49 per share the company’s stock closed at Wednesday afternoon, which had been up $1.64 from where it opened that morning.

It’s been a rough week for WWE stock, which has gone as high as $100 per share in the past year.

Also Read: WWE Exceeds Q4 Earnings Estimates, but WWE Network Subs Sink 10%

Last Thursday, the company parted ways with co-presidents George Barrios and Michelle Wilson and shareholders panicked, with stock plummeting 20% in after-hours trading. At that time, shares were selling for less than $50 apiece — just four days after WWE’s Royal Rumble pay-per-view event.

Before the stock market opened this morning, WWE reported it beat fourth-quarter 2019 earnings estimates but missed on revenue expectations, despite reaching a record high 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. WWE actually reported EPS of 78 cents on $322.8 million in revenue for Q4 — an 18% increase in revenue over the prior year’s comparable quarter — which is the highest quarterly revenue in the company’s history.

Also Read: Is WWE About to Tap Out? Wrestlenomics Analyst Brandon Thurston Talks Stock Crash, Q4 Earnings

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.

Fewer live events led to a decline in North American ticket sales, though there was a slight bump in international sales, primarily due to the increased average ticket price for those events. Consumer products also declined as video game “WWE 2K20” was very poorly received.

“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 in a statement Thursday. “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.”

Also Read: Is WWE About to Tap Out? Wrestlenomics Analyst Brandon Thurston Talks Stock Crash, Q4 Earnings

Frank Riddick, WWE’s 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.”

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.

Winter TV 2020: Premiere Dates for New and Returning Shows (Photos)

Winter is well underway and with it, naturally, comes the Winter TV season. In honor of the colder months and their small-screen offerings, TheWrap has rounded up the premiere dates for not just the new and returning shows on Fox, ABC, NBC, CBS and The CW, but also the ones for the eagerly anticipated series hitting cable channels and streaming services this winter. Click through our gallery to find out when your favorite winter shows will be back and when your possible new favorites will debut.

Also Read: Why Netflix Is Betting You’ll Want ‘The Witcher’ Season 2 – Before You’ve Seen Season 1
ABC/AMC/NBC/Netflix
Series: "Dracula" Net: Netflix Premiere Date: Saturday, Jan. 4 Time: N/A
Netflix
Series: "Say Yes to the Dress: America" Net: TLC Premiere Date: Saturday, Jan. 4 Time: 8 p.m.
TLC
Series: "Sister Wives" Net: TLC Premiere Date: Sunday, Jan. 5 Time: 8 p.m.
TLC
Series: "Naked and Afraid: Alone" Net: Discovery Channel Premiere Date: Sunday, Jan. 5 Time: 10 p.m.
Discovery Channel
Series: "America's Got Talent: The Champions" Net: NBC Premiere Date: Monday, Jan. 6 Time: 8 p.m.
NBC
Series: "The Bachelor" Net: ABC Premiere Date: Monday, Jan. 6 Time: 8 p.m.
ABC
Series: "Love & Hip Hop: Miami" Net: VH1 Premiere Date: Monday, Jan. 6 Time: 9 p.m.
VH1
Series: "Manifest" Net: NBC Premiere Date: Monday, Jan. 6 Time: 10 p.m.
NBC
Series: "Ellen's Game of Games" Net: NBC Premiere Date: Tuesday, Jan. 7 Time: 8 p.m.
NBC
Series: "Jeopardy: The Greatest of All Time" Net: ABC Premiere Date: Tuesday, Jan. 7 Time: 8 p.m.
ABC
Series: "Nick Cannon Presents: Wild N' Out" Net: VH1 Premiere Date: Tuesday, Jan. 7 Time: 8 p.m.
VH1
Series: "Gordon Ramsay's 24 Hours to Hell and Back" Net: Fox Premiere Date: Tuesday, Jan. 7 Time: 9 p.m.
Fox
Series: "The Haves and the Have Nots" Net: OWN Premiere Date: Tuesday, Jan. 7 Time: 9 p.m.
OWN
Series: "Schitt's Creek" Net: Pop TV Premiere Date: Tuesday, Jan. 7 Time: 9 p.m.
Pop TV
Series: "Vanderpump Rules" Net: Bravo Premiere Date: Tuesday, Jan. 7 Time: 9 p.m.
Bravo
Series: "FBI: Most Wanted" Net: CBS Premiere Date: Tuesday, Jan. 7 Time: 10 p.m.
CBS
Series: "Zoey's Extraordinary Playlist" Net: NBC Premiere Date: Tuesday, Jan. 7 Time: 10 p.m.
NBC
Series: "Cheer" Net: Netflix Premiere Date: Wednesday, Jan. 8 Time: N/A
Netflix
Series: "Undercover Boss" Net: CBS Premiere Date: Wednesday, Jan. 8 Time: 8 p.m.
CBS
Series: "Catfish: The TV Show" Net: MTV Premiere Date: Wednesday, Jan. 8 Time: 8 p.m.
MTV
Series: "Criminal Minds" Net: CBS Premiere Date: Wednesday, Jan. 8 Time: 9 p.m.
CBS
Series: "America's Top Dog" Net: A&E Premiere Date: Wednesday, Jan. 8 Time: 9 p.m.
A&E
Series: "Party of Five" Net: Freeform Premiere Date: Wednesday, Jan. 8 Time: 9 p.m.
Freeform
Series: "Medical Police" Net: Netflix Premiere Date: Friday, Jan. 10 Time: N/A
Netflix
Series: "AJ & The Queen" Net: Netflix Premiere Date: Friday, Jan. 10 Time: N/A
Netflix
Series: "Lincoln Rhyme: Hunt for the Bone Collector" Net: NBC Premiere Date: Friday, Jan. 10 Time: 8 p.m.
NBC
Series: "The Outsider" Net: HBO Premiere Date: Sunday, Jan. 12 Time: 9 p.m.
HBO
Series: "The New Pope" Net: HBO Premiere Date: Monday, Jan. 13 Time: 9 p.m.
HBO
Series: "Grace & Frankie" Net: Netflix Premiere Date: Wednesday, Jan. 15 Time: N/A
Netflix
Series: "The Magicians" Net: Syfy Premiere Date: Wednesday, Jan. 15 Time: 10 p.m.
Syfy
Series: "68 Whiskey" Net: Paramount Network Premiere Date: Wednesday, Jan. 15 Time: 10 p.m.
Paramount Network
Series: "Listing Impossible" Net: CNBC Premiere Date: Wednesday, Jan. 15 Time: 10 p.m.
CNBC
Series: "Killer Inside: The Mind of Aaron Hernandez" Net: Netflix Premiere Date: Wednesday, Jan. 15 Time: N/A
Netflix
Series: "Grown-ish" Net: Freeform Premiere Date: Thursday, Jan. 16 Time: 8 p.m.
Freeform
Series: "Everything's Gonna Be Okay" Net: Freeform Premiere Date: Thursday, Jan. 16 Time: 8:30 p.m.
Freeform
Series: "Little America" Net: Apple TV+ Premiere Date: Friday, Jan. 17 Time: N/A
Apple TV+
Series: "Diary of a Future President" Net: Disney+ Premiere Date: Friday, Jan. 17 Time: N/A
Disney+
Series: "Sex Education" Net: Netflix Premiere Date: Friday, Jan. 17 Time: N/A
Netflix
Series: "Seven Worlds, One Planet" Net: BBC America Premiere Date: Saturday, Jan. 18 Time: 9 p.m.
BBC America
Series: "Avenue 5" Net: HBO Premiere Date: Sunday, Jan. 19 Time: 10 p.m.
HBO
Series: "9-1-1: Lone Star" Net: Fox Premiere Date: Sunday, Jan. 19 Time: 10 p.m.
Fox
Series: "Curb Your Enthusiasm" Net: HBO Premiere Date: Sunday, Jan. 19 Time: 10:30 p.m.
HBO
Series: "Brain Games" Net: Nat Geo Premiere Date: Monday, Jan. 20 Time: 9 p.m.
Nat Geo
Series: "Home Town" Net: HGTV Premiere Date: Monday, Jan. 20 Time: 9 p.m.
HGTV
Series: "DC's Legends of Tomorrow" Net: The CW Premiere Date: Tuesday, Jan. 21 Time: 9 p.m.
The CW
Series: "Project Blue Book" Net: History Channel Premiere Date: Tuesday, Jan. 21 Time: 10 p.m.
History
Series: "Awkwafina Is Nora From Queens" Net: Comedy Central Premiere Date: Wednesday, Jan. 22 Time: 10:30 p.m.
Comedy Central
Series: "Star Trek: Picard" Net: CBS All Access Premiere Date: Thursday, Jan. 23 Time: N/A
CBS All Access
Series: "Station 19" Net: ABC Premiere Date: Thursday, Jan. 23 Time: 8 p.m.
ABC
Series: "Outmatched" Net: Fox Premiere Date: Thursday, Jan. 23 Time: 8:30 p.m.
Fox
Series: "The Bold Type" Net: Freeform Premiere Date: Thursday, Jan. 23 Time: 9 p.m.
Freeform
Series: "Chilling Adventures of Sabrina" Net: Netflix Premiere Date: Friday, Jan. 24 Time: N/A
Netflix
Series: "The Ranch" Net: Netflix Premiere Date: Friday, Jan. 24 Time: N/A
Netflix
Series: "Shrill" Net: Hulu Premiere Date: Friday, Jan. 24 Time: N/A
Hulu
Series: "Goop Lab with Gwyneth Paltrow" Net: Netflix Premiere Date: Friday, Jan. 24 Time: N/A
Netflix
Series: "The Circus" Net: Showtime Premiere Date: Sunday, Jan. 26 Time: 8 p.m.
Showtime
Series: "Our Cartoon President" Net: Showtime Premiere Date: Sunday, Jan. 26 Time: 8:30 p.m.
Showtime
Series: "Justin Bieber: Seasons" Net: YouTube Premiere Date: Monday, Jan. 27 Time: N/A
YouTube
Series: "Biggest Loser" Net: USA Network Premiere Date: Tuesday, Jan. 28 Time: 9 p.m.
USA Network
Series: "Miracle Workers: Dark Ages" Net: TBS Premiere Date: Tuesday, Jan. 28 Time: 10:30 p.m.
TBS
Series: "Next in Fashion" Net: Netflix Premiere Date: Wednesday, Jan. 29 Time: N/A
Netflix
Series: "Miz & Mrs." Net: USA Network Premiere Date: Wednesday, Jan. 29 Time: 10 p.m.
USA Network
Series: "The Stranger" Net: Netflix Premiere Date: Thursday, Jan. 30 Time: N/A
Netflix
Series: "BoJack Horseman" Net: Netflix Premiere Date: Friday, Jan. 31 Time: N/A
Netflix
Series: "Ted Bundy: Falling for a Killer" Net: Amazon Prime Video Premiere Date: Friday, Jan. 31 Time: N/A
Amazon Prime Video
Series: "Ragnorak" Net: Netflix Premiere Date: Friday, Jan. 31 Time: N/A
Netflix
Series: "The Masked Singer" Net: Fox Premiere Date: Sunday, Feb. 2 Time: 10:30 p.m.
Fox
Series: "Manhunt: Deadly Games" Net: Spectrum Premiere Date: Monday, Feb. 3 Time: N/A
Spectrum
Series: "McMillions" Net: HBO Premiere Date: Monday, Feb. 3 Time: 10 p.m.
HBO
Series: "Desus & Mero" Net: Showtime Premiere Date: Monday, Feb. 3 Time: 11 p.m.
Showtime
Series: "Lego Masters" Net: Fox Premiere Date: Wednesday, Feb. 5 Time: 9 p.m.
Getty
Series: "Interrogation" Net: CBS All Access Premiere Date: Thursday, Feb. 6 Time: N/A
CBS All Access
Series: "Katy Keene" Net: The CW Premiere Date: Thursday, Feb. 6 Time: 8 p.m.
The CW
Series: "Brooklyn Nine-Nine" Net: NBC Premiere Date: Thursday, Feb. 6 Time: 8 p.m.
NBC
Series: "The Sinner" Net: USA Network Premiere Date: Thursday, Feb. 6 Time: 9 p.m.
USA Network
Series: "Indebted" Net: NBC Premiere Date: Thursday, Feb. 6 Time: 9:30 p.m.
NBC
Series: "Tommy" Net: CBS Premiere Date: Thursday, Feb. 6 Time: 10 p.m.
CBS
Series: "Briarpatch" Net: USA Network Premiere Date: Thursday, Feb. 6 Time: 10 p.m.
USA Network
Series: "Mythic Quest: Raven's Banquet" Net: Apple TV+ Premiere Date: Friday, Feb. 7 Time: N/A
Apple TV+
Series: "Locke & Key" Net: Netflix Premiere Date: Friday, Feb. 7 Time: N/A
Netflix
Series: "MacGyver" Net: CBS Premiere Date: Friday, Feb. 7 Time: 8 p.m.
CBS
Series: "High Maintenance" Net: HBO Premiere Date: Friday, Feb. 7 Time: 11 p.m.
HBO
Series: "Homeland" Net: Showtime Premiere Date: Sunday, Feb. 9 Time: 9 p.m.
Showtime
Series: "Kidding" Net: Showtime Premiere Date: Sunday, Feb. 9 Time: 10 p.m.
Showtime
Series: "Cherish the Day" Net: OWN Premiere Date: Tuesday, Feb. 11 Time: 10 p.m.
OWN
Series: "For Life" Net: ABC Premiere Date: Tuesday, Feb. 11 Time: 10 p.m.
ABC
Series: "Survivor" Net: CBS Premiere Date: Wednesday, Feb. 12 Time: 8 p.m.
CBS
Series: "The Soup" Net: E! Premiere Date: Wednesday, Feb. 12 Time: 10 p.m.
E!
Series: "Narcos: Mexico" Net: Netflix Premiere Date: Thursday, Feb. 13 Time: N/A
Netflix
Series: "Love Is Blind" Net: Netflix Premiere Date: Thursday, Feb. 13 Time: N/A
Netflix
Series: "High Fidelity" Net: Hulu Premiere Date: Friday, Feb. 14 Time: N/A
Hulu
Series: "Utopia Falls" Net: Hulu Premiere Date: Friday, Feb. 14 Time: n/A
Hulu
Series: "Visible: Out on Television" Net: Apple TV+ Premiere Date: Friday, Feb. 14 Time: N/A
Apple TV+
Series: "Outlander" Net: Starz Premiere Date: Sunday, Feb. 16 Time: 8 p.m.
Starz
Series: "American Idol" Net: ABC Premiere Date: Sunday, Feb. 16 Time: 8 p.m.
ABC
Series: "Duncanville" Net: Fox Premiere Date: Sunday, Feb. 16 Time: 8:30 p.m.
Fox
Series: "Extreme Makeover: Home Edition" Net: HGTV Premiere Date: Sunday, Feb. 16 Time: 9 p.m.
HGTV
Series: "Good Girls" Net: NBC Premiere Date: Sunday, Feb. 16 Time: 10 p.m.
NBC
Series: "Last Week Tonight With John Oliver" Net: HBO Premiere Date: Sunday, Feb. 16 Time: 11 p.m.
HBO
Series: "Sacred Lies" Net: Facebook Watch Premiere Date: Thursday, Feb. 20 Time: N/A
Facebook Watch
Series: "The Chef Show" Net: Netflix Premiere Date: Wednesday, Feb. 19 Time: N/A
Netflix
Series: "Gentefied" Net: Netflix Premiere Date: Friday, Feb. 21 Time: N/A
Netflix
Series: "Hunters" Net: Amazon Prime Video Premiere Date: Friday, Feb. 21 Time: N/A
Amazon Prime Video
Series: "Better Call Saul" Net: AMC Premiere Date: Sunday, Feb. 23 Time: 10 p.m.
AMC
Series: "The Voice" Net: NBC Premiere Date: Monday, Feb. 24 Time: 8 p.m.
NBC
Series: "Little Big Shots" Net: NBC Premiere Date: Monday, Feb. 24 Time: 10 p.m.
NBC
Series: "I Am Not Okay With This" Net: Netflix Premiere Date: Wednesday, Feb. 26 Time: N/A
Netflix
Series: "Altered Carbon" Net: Netflix Premiere Date: Thursday, Feb. 27 Time: N/A
Netflix
Series: "Jersey Shore: Family Vacation" Net: MTV Premiere Date: Thursday, Feb. 27 Time: 8 p.m.
MTV
Series: "RuPaul's Drag Race" Net: Vh1 Premiere Date: Friday, Feb. 28 Time: 8 p.m.
Vh1
Series: "Dispatches From Elsewhere" Net: AMC Premiere Date: Sunday, March 1 Time: 10 p.m.
AMC
Series: "Breeders" Net: FX Premiere Date: Monday, March 2 Time: 10 p.m.
FX
Series: "Twenties" Net: BET Premiere Date: Wednesday, March 4 Time: 10 p.m.
BET
Series: "The Deed: Chicago" Net: CNBC Premiere Date: Wednesday, March 4 Time: 10 p.m.
CNBC
Series: "Dave" Net: FXX Premiere Date: Wednesday, March 4 Time: 10 p.m.
FXX
Series: "Castlevania" Net: Netflix Premiere Date: Thursday, March 5 Time: N/A
Netflix
Series: "Devs" Net: FX on Hulu Premiere Date: Thursday, March 5 Time: N/A
FX
Series: "Better Things" Net: FX Premiere Date: Thursday, March 5 Time: 10 p.m.
FX
Series: "Cake" Net: FXX Premiere Date: Thursday, March 5 Time: 10 p.m.
FXX
Series: "Amazing Stories" Net: Apple TV+ Premiere Date: Friday, March 6 Time: N/A
Apple TV+
Series: "Hillary" Net: Hulu Premiere Date: Friday, March 6 Time: N/A
Hulu
Series: "The Most Dangerous Animal of All" Net: FX Premiere Date: Friday, March 6 Time: 10 p.m.
FX
Series: "Ride With Norman Reedus" Net: AMC Premiere Date: Sunday, March 8 Time: 11 p.m.
AMC
Series: "Cosmos: Possible Worlds" Net: Nat Geo Premiere Date: Monday, March 9 Time: 9 p.m.
Nat Geo
Series: "Council of Dads" Net: NBC Premiere Date: Tuesday, March 10 Time: 10 p.m.
NBC
Series: "On My Block" Net: Netflix Premiere Date: Wednesday, March 11 Time: N/A
Netflix
Series: "Elite" Net: Netflix Premiere Date: Friday, March 13 Time: N/A
Netflix
Series: "Flack" Net: Pop TV Premiere Date: Friday, March 13 Time: 10 p.m.
Pop TV
Series: "The Wall" Net: NBC Premiere Date: Sunday, March 15 Time: 7 p.m.
NBC
Series: "Westworld" Net: HBO Premiere Date: Sunday, March 15 Time: 9 p.m.
HBO
Series: "Black Monday" Net: Showtime Premiere Date: Sunday, March 15 Time: 10 p.m.
Showtime
Series: "Roswell, New Mexico" Net: The CW Premiere Date: Monday, March 16 Time: 9 p.m.
The CW
Series: "The Plot Against America" Net: HBO Premiere Date: Monday, March 16 Time: 9 p.m.
HBO
Series: "My Brilliant Friend" Net: HBO Premiere Date: Monday, March 16 Time: 10 p.m.
HBO
Series: "Motherland: Fort Salem" Net: Freeform Premiere Date: Wednesday, March 18 Time: 9 p.m.
Freeform
Series: "Little Fires Everywhere" Net: Hulu Premiere Date: Wednesday, March 18 Time: N/A
Hulu
Series: "Brockmire" Net: IFC Premiere Date: Wednesday, March 18 Time: 10 p.m.
IFC

1 of 138

Here’s when 137 broadcast, cable and streaming series debut and come back

Winter is well underway and with it, naturally, comes the Winter TV season. In honor of the colder months and their small-screen offerings, TheWrap has rounded up the premiere dates for not just the new and returning shows on Fox, ABC, NBC, CBS and The CW, but also the ones for the eagerly anticipated series hitting cable channels and streaming services this winter. Click through our gallery to find out when your favorite winter shows will be back and when your possible new favorites will debut.

Also Read: Why Netflix Is Betting You’ll Want ‘The Witcher’ Season 2 – Before You’ve Seen Season 1

View In Gallery

Winter TV 2020: Premiere Dates for New and Returning Shows (Photos)

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