World Wrestling Entertainment Full Year 2022 Earnings: EPS Misses Expectations

World Wrestling Entertainment (NYSE:WWE) Full Year 2022 Results

Key Financial Results

• Revenue: US$1.29b (up 18% from FY 2021).
• Net income: US$195.6m (up 10% from FY 2021).
• Profit margin: 15% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses.
• EPS: US$2.63 (up from US$2.32 in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

World Wrestling Entertainment EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for World Wrestling Entertainment that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.