World Wrestling Entertainment (World Wrestling Entertainment) EBIT : $265 Mil (TTM As of Jun. 2023)

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What is World Wrestling Entertainment EBIT?

World Wrestling Entertainment's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $86 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $265 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. World Wrestling Entertainment's annualized ROC % for the quarter that ended in Jun. 2023 was 23.31%. World Wrestling Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 49.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. World Wrestling Entertainment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 3.21%.

World Wrestling Entertainment EBIT Historical Data

The historical data trend for World Wrestling Entertainment's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

World Wrestling Entertainment EBIT Chart

World Wrestling Entertainment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

Get a 7-Day Free Trial

121.44

120.80

206.71

263.47

285.54

World Wrestling Entertainment Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT	Get a 7-Day Free Trial															69.06	58.76	64.98	55.57	85.77

Competitive Comparison of World Wrestling Entertainment's EBIT

For the Entertainment subindustry, World Wrestling Entertainment's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

World Wrestling Entertainment's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, World Wrestling Entertainment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where World Wrestling Entertainment's EV-to-EBIT falls into.

World Wrestling Entertainment EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $265 Mil.

World Wrestling Entertainment (NYSE:WWE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

World Wrestling Entertainment's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	349.34 * ( 1 - 35.66% )	/	( (1053.399	+	874.733)	/ 2 )
=	224.765356	/	964.066
=	23.31 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1386.73	-	89.905	-	( 465.349	-	max(0, 395.881	-	639.307	+	465.349	))
=	1053.399

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1507.22	-	108.664	-	( 523.823	-	max(0, 196.947	-	743.513	+	523.823	))
=	874.733

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

World Wrestling Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	343.08	/	( ( (664.468 + max(7.7120000000001, 0))	+	(678.8 + max(41.041, 0)) )	/	2 )
=	343.08	/	( ( 672.18	+	719.841 )	/	2 )
=	343.08	/	696.0105
=	49.29 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(103.299	+	3.984	+	66.675)	-	(89.905	+	67.399	+	8.942)
=	7.7120000000001

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(161.949	+	2.223	+	55.518)	-	(108.664	+	49.312	+	20.673)
=	41.041

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

World Wrestling Entertainment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	265.08	/	8261.033
	=	3.21 %

World Wrestling Entertainment EBIT Related Terms

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World Wrestling Entertainment (World Wrestling Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » World Wrestling Entertainment Inc (NYSE:WWE) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241 East Main Street, Stamford, CT, USA, 06902

Website

https://www.wwe.com

World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events. Its segments include Media, Live Events, and Consumer Products. The majority of its revenue comes from the Media segment, which includes the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment. The geographical segments are North America, which accounts for the majority of revenue; Europe/Middle East/Africa; Asia Pacific; and Latin America.

Executives

Karen M Mullane	officer: Controller & Chief Accting Off	C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11201
Rajan Mehta	officer: EVP, Chief Product & Tech Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Suzette Ramirez-carr	officer: EVP, Chief Human Resources Off	1241 EAST MAIN STREET, STAMFORD CT 06902
Steve Pamon	director	1241 E MAIN ST, STAMFORD CT 06902-3520
Steven R Koonin	director	625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Mckenna Michelle	director	20 DAVIS DRIVE, BELMONT CA 94002
Nick Khan	director, officer: Chief Executive Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Maurice F Edelson	officer: EVP, Chief Legal Officer	1241 EAST MAIN STREET, STAMFORD CT 06902
Dillon Joellen Lyons	director	BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HARTFORDSHIRE X0 AL 109UL
Riddick Frank A Iii	officer: President & CFO	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Ignace Lahoud	director	1241 EAST MAIN STREET, STAMFORD CT 06902
Kevin Dunn	officer: Exec Prod. & Chief Glob. Telev	1241 EST MAIN STREET, STAMFORD CT 06902
Elisebeth Collins	officer: SVP General Counsel & Corp Sec	1241 EAST MAIN STREET, STAMFORD CT 06902
Bradley Blum	officer: EVP, Operations & COS	1241 EAST MAIN STREET, STAMFORD CT 06902
Samira Shah	officer: EVP, General Counsel & Corp Se	1241 EAST MAIN STREET, STAMFORD CT 06902