WWE Shares Soar on New Smackdown and Raw TV Deal

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  • #16680
    TradersCom
    Keymaster

    [article]813[/article]

    #16690
    TradersCom
    Keymaster

    Guggenheim note on World Wrestling Entertainment $WWE

    UFC reportedly has a deal with ESPN Plus for some $350M annual value on average which Guggenheim’s Curry Baker calls a .”baseline minimum achievable target” for WWE. He says WWE has higher and more stable ratings than UFC along with a surplus of content hours. It means the renewal cycle could push WWE’s annual average value above Guggenheim’s estimate of $294M (and well above the company’s current $145M). via Bloomberg

    #16712
    MoneyNeverSleeps
    Participant

    Up another 13%!

    World Wrestling Entertainment Inc
    NYSE: WWE · May 21, 3:43 PM EDT
    58.11 ▲ 6.65 (12.92%)

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