WWE matches profit forecast as revenue hits record on WrestleMania boost

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WWE matches profit forecast as revenue hits record on WrestleMania boost
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World Wrestling Entertainment Inc. said Wednesday its second-quarter profit increased to $52 million, or 67 cents a share, from $49 million, or 58 cents a...

World Wrestling Entertainment Inc. WWE said Wednesday its second-quarter profit increased to $52 million, or 67 cents a share, from $49 million, or 58 cents a share, in the year-ago quarter. Adjusted profit at the media and entertainment company totaled 91 cents a share, in line with the Wall Street analyst estimate, according to FactSet data. Revenue increased by 25% to $410.3 million, a record, and above the analyst forecast of $397.6 million.

... World Wrestling Entertainment Inc. WWE said Wednesday its second-quarter profit increased to $52 million, or 67 cents a share, from $49 million, or 58 cents a share, in the year-ago quarter. Adjusted profit at the media and entertainment company totaled 91 cents a share, in line with the Wall Street analyst estimate, according to FactSet data. Revenue increased by 25% to $410.3 million, a record, and above the analyst forecast of $397.6 million.

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