WWE Reports Record Financial Results Following Strong 2017 Fourth-Quarter

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WWE has issued the following press release:

WWE® Reports Strong Fourth-Quarter Achieving Record Results for 2017

02/08/201

Fourth-Quarter 2017 Highlights

  • Revenue increased 9% to $211.6 million as compared to the prior year quarter
  • Operating income was $27.0 million. Adjusted OIBDA1 reached $34.8 million, which was in line with guidance
  • WWE Network’s average paid subscribers2 increased to 1.48 million during the fourth quarter 2017, consistent with the Company’s guidance
  • Celebrated the 25th anniversary of Monday Night Raw in January 2018; SmackDown surpassed 950 episodes and remained the second longest running episodic program in history (behind only Raw)
  • Formed partnerships to create content across platforms, including the series Mixed Match Challenge™ which streams live on Facebook Watch, Miz & Mrs. which will air on USA, as well as virtual reality experiences from select 2018 special events available on a new WWE channel within the NextVR app

Full Year 2017 Highlights

  • Revenue increased 10% to $801.0 million, the highest in the Company’s history
  • Operating income increased 36% to $75.6 million. Adjusted OIBDA increased 40% to $111.9 million, which was within the range of Company guidance and represented all-time record performance
  • Supporting the global reach of WWE content, completed multi-year distribution agreements in France, Japan, South Korea, Australia, Philippines and sub-Saharan Africa among other countries and regions
  • Digital engagement continued to grow with video views up 32% to 20 billion and social media engagements up 4% to approximately 1.2 billion from the prior year3
  • WWE’s YouTube channel remained the #1 most viewed Sports Channel and the 2nd most viewed channel on YouTube with 20 billion lifetime views (as of January 31, 2018)
  • Demonstrated strength in consumer products with the #1 selling action figure property in the U.S. ahead of Star Wars and Marvel Avengers4
  • Forbes named WrestleMania as one of the world’s top 10 most valuable sports event brands for the fourth year in a row, alongside the Super Bowl, Olympics, FIFA World Cup and NCAA Men’s Final Four

You can read the complete financial report on the next page.

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