Text size

World Wrestling Entertainment stock (ticker: WWE ) is tumbling again after the wrestling and media company’s fourth quarter results disappointed investors.

The stock is down 7.9% in the wake of the results. WWE shares have fallen 46% in the last 12 months, compared to a 23.6% gain for the S&P 500.

The company said that revenue came in at $322.8 million for the quarter, less than the $333.3 million that analysts were expecting, per Bloomberg. The company’s operating income before depreciation and amortization for the quarter was $107.6 million, according to Bloomberg, compared to the consensus of $110.8 million.

WWE said that it expects operating income before depreciation and amortization of between $60 million and $65 million for the first quarter, less than the guidance of $67.5 million that analysts, as measured by Bloomberg, had been expecting.

Executives said that the outcome of a number of crucial initiatives—including distribution of its content in the Middle East and India and its streaming service—are “subject to considerable uncertainty.”

WWE announced on Jan. 30 that its co-presidents George Barrios and Michelle Wilson would depart the company and step down from its board effective immediately. The company said that Frank A. Riddick III, a longtime board member, would be its interim CFO and that it was searching for a permanent COF and chief revenue officer.

Analysts, by and large, are sticking with the stock A majority of the analysts surveyed by Bloomberg rate the shares a Buy or equivalent.

Write to Ben Walsh at ben.walsh@barrons.com