Edition:
United States

WWE Expects Q1 2018 Adjusted OIBDA Of At Least $30 Mln


Monday, 9 Apr 2018 03:45pm EDT 

April 9 (Reuters) - World Wrestling Entertainment Inc ::WWE RAISES Q1 AND FULL YEAR 2018 GUIDANCE.BASED UPON PRELIMINARY DATA, WWE NETWORK ATTRACTED AVERAGE OF ABOUT 1.56 MILLION PAID SUBSCRIBERS OVER Q1 2018.EXPECTS Q1 ADJUSTED OIBDA OF AT LEAST $30 MILLION.RAISED TARGET FOR 2018 ADJUSTED OIBDA TO AT LEAST $145 MLN (EXCLUDING STOCK-BASED COMPENSATION EXPENSE).SEES AVERAGE PAID SUBSCRIBERS FOR Q2 2018 WOULD BE ABOUT 1.77 MILLION.WWE MANAGEMENT "CONTINUES TO EXPECT THE COMPANY TO ACHIEVE ANOTHER YEAR OF RECORD REVENUE" IN 2018.