Joe Otterson TV ReporterWWE shares were down in after-hours trading Thursday after falling well short of fourth-quarter earnings and revenue forecasts.In Q4, revenue fell 26% from the prior-year quarter to $238.2 million.
Net income was $13.6 million, or 16 cents per diluted share. Analysts had predicted the sports entertainment company would post per-share earnings of 30 cents and revenue of $245.69 million.WWE stated the decrease came as a result of a lack of live ticketed events because of the pandemic: 310 WWE live events were held in 2019 compared to 42 events held in 2020.
In addition, they expect COVID-19 related restrictions on live events to continue “at least through the first half of 2021.” However, it was previously announced.
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