WWE has today revealed it will be changing its policy in regards to its financial reporting practices, starting with Q1 2018. The company sent out a press release regarding the situation, detailing all the changes it will be making.
These changes will include a revised business segment structure and modification of its definition of Adjusts OBIBDA. The changes are set to make it easier for the company to evaluate and analyze its finances, as well as making its statements more informative to the media.
The WWE’s revised structure will be compromised of three operating segments, which are: Media, Live Events, and Consumer products.
The key sources of revenue for each of those are listed below.
- Advertising, sponsorship, subscription and rights fees
- Long-form and short-form programs
- Distribution across WWE Network, pay television, digital/ social
media and filmed entertainment outlets
- Ticket sales of the Company’s global live events, including primary and
Licensing royalties and direct sales of branded merchandise, including:
- Video and mobile games, toys, apparel and other products
- Sold at retail, online and at WWE venues