WWE issued the following:

Raises Full Year 2018 Guidance

Second Quarter 2018 Highlights

• Revenues increased 31% to $281.6 million, which was the highest quarterly revenue in WWE history
• Operating income nearly doubled to $21.2 million from $10.7 million in the prior year quarter
• Adjusted OIBDA¹ increased 79% to $43.5 million
• WWE completed agreements with USA Network and Fox Sports, effective October 1, 2019, which increase the average annual value (AAV) of WWE’s U.S. distribution to 3.6 times that of the prior deal with NBCU
• WWE Network average paid subscribers² increased 10% to 1.80 million paid subscribers, consistent with the Company’s guidance
• Digital engagement continued to grow through the first six months of 2018 with video views up 58% to 14.4 billion and hours consumed up 71% to 509 million across digital and social media platforms³

STAMFORD, Conn.–(BUSINESS WIRE)– WWE (NYSE: WWE) today announced financial results for its second quarter ended June 30, 2018.

“We’re pleased with our continued success in increasing the monetization of WWE content globally,” said Vince McMahon, WWE Chairman and Chief Executive Officer. “This success is evidenced by the completion of our new U.S. distribution agreements with USA Network and Fox Sports, the staging of another record-breaking WrestleMania, and the development of a 10-year strategic partnership with the Saudi General Sports Authority.”

George Barrios, Co-President, added, “During the second quarter, we generated a 79% increase in Adjusted OIBDA. We are raising our 2018 Adjusted OIBDA target to a range of $160 million to $170 million, which would be an all-time record.⁴ By executing our strategy and engaging our passionate global fan base, we can continue to deepen the moat around our business. We believe this will enable us to drive long-term growth and shareholder value.”

Continue reading the full report here: http://corporate.wwe.com/investors/news/press-releases/2018/07-26-2018-133155541