World Wresting Entertainment Stock is Hulking Up


Sports entertainment and media company World Wrestling Entertainment (NYSE: WWE) shares have been in the $ 45- $ 65 range for more than a year. The iconic wrestling brand survived the mandates of staying home to mark the return of live events. The top and bottom lines were bolstered by their media agreement that the WWE network launched the NBCU Peacock television broadcast service. Its popularity continues to grow with new broadcast and content agreements with A&E, as well as MBC and fictional television programs that will appear on Netflix (NASDAQ: NFLX). WWE brand lottery tickets are expected to hit the market in specific states in 2022. Games are a key focus, as 85% of the WWE audience identifies as players. The company continues to diversify its revenue streams by relying heavily on expanding content and streaming offerings and picking up the next generation of WWE fans and superstars. of the WWE Facebook (NASDAQ: META) The page has the highest number of followers among any sports league and the highest commitment to revenue growth that increases by 225% and doubles the viewing hours. Prudent investors looking to expose themselves to a growing media empire may try to scale World Wrestling Entertainment’s stock to opportunistic setbacks.



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Publication of 4Q 2021 results

On February 3, 2022, WWE released its fiscal results for the fourth quarter of 2021 for the quarter ending December 2021. The company reported an adjusted earnings per share (EPS) of $ 0.70 excluding non-recurring items compared to consensus analyst estimates for a profit of $ 0.54, exceeding estimates by $ 0.16. Revenue rose 30.3% year-over-year (YOY) to $ 310.3 million, below analysts’ estimates of $ 324.7 million. Adjusted OIBDA increased 90% to $ 97.2 million. Revenue for 2021 rose 12% to the highest in WWE history with $ 1.095 billion. The company expects OIBDA to adjust for the first fiscal quarter of 2022 from $ 90 million to $ 100 million, representing year-over-year growth of 7% to 19%. The company launched the Next in Line program that recruits the next generation of WWE superstars with 16 athletes enrolled by Olympic gold medalist Gable Steveson.

Comments by Stephanie McMahon

WWE brand director Stephanie McMahon stressed that WWE superstars have a high demand for studios, media and sports properties. Big events help drive the brand and drive new offerings for media rights and consumer products. He noted that Sascha Banks starred in the cold opening of ESPN’s national college football championships. Drew MacIntyre appeared at the MTV European Music Awards and Big E starred in the cold opening of the biggest heavyweight fight in decades between Tyson Fury and Deontay Wilder. In addition, celebrities and artists of other genres attend, appear, and in some cases perform at WWE events such as the Grammy Award-winning Bad Bunny at the Royal Rumble 2022. Mobile games such as the WWE SuperCard are download 24 million times, making it the highest-grossing mobile game in 2K. Director McMahon noted that players make up 85% of their audience, so games are a key focus for the company, as WWE seeks to reap the next generation of fans. His Next in Line (NIL) program is looking for elite athletes with great personalities and big followers on social media like John Seton of Elon University with 1.6 million TikTok followers. NIL is a pipeline for next-generation WWE superstars. The inaugural batch of 16 athletes comes from 13 universities, 7 conferences and 4 sports. He also pointed out a YouGov statistic that WWE has more followers 18 to 34 years old than the NFL, NLB, NBA, UFC, NHL and NASCAR with 83.7 million subscribers on all platforms and YouTube.

WrestleMania 38

The company announced that its two-day WrestleMania 38 event was the most attended and raised event in its history. Attendance at the event was attended by 156,352 fans at AT&T Stadium in Dallas, Texas. This broke previous records set in 2016. WrestleMania is scheduled to take place in Los Angeles at SoFi Stadium / Hollywood Park in 2023.

World Wresting Entertainment shares are rising

Opportunistic WWE withdrawal levels

The use of rifle graphics in weekly and daily time periods provides an accurate view of the landscape of WWE actions. The weekly rifle chart is in a commercial range of close to $ 64.33 Fibonacci level (fib). and hitting bottoms close to $ 46.98 fib. The weekly uptrend peaked when stocks fell below the 200-period moving average (MA) weekly support at $ 60.41, as the 5-period weekly MA fell back to $ 60. , $ 66. Weekly 15-period MA support stands at $ 57.49, and weekly 50-period MA rises to $ 55.11. The weekly stochastic peaked and fell again from the 90’s band as it leaned to test the 80’s critical band. Low Market Structure (MSL) activated purchase above $ 50.37. The daily chart of the rifle is forming a puppy reverse break with a 5-period MA at the drop to $ 60.01, followed by the 15-period MA at $ 60.45. The 50-day daily MA is $ 59.83 and the 200-day daily MA is $ 54.49. The daily stochastic formed a reverse mini puppy that falls through the band of 30. The daily Bollinger Bands (BB) have been in compression and begin to expand as the lower BBs fall to $ 58.12. and higher BBs amount to $ 60.90. Prudent investors can look for opportunistic withdrawal levels at $ 55.99, $ 54.38 fib, $ 51.81 fib, $ 50.37 MSL daily activator, $ 48.46, $ 44.94 fib, $ 43.15 fib, $ 41.58 and the level of $ 40.15 fib. Uptrends range from the $ 63.08 level to the $ 86.06 fib level.



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