The Fertitta Brothers will have to wait on an IPO that will provide them with a financial windfall. Due to stock market conditions, the Red Rock Resorts (RRR) IPO will hold off going public for now. According to the New York Post, Deutsche Bank delayed the IPO from going public on Thursday. Deutsche Bank holds […]
financial
S&P upgrades business outlook for Zuffa
MMA Junkie reports that Zuffa’s Standard and Poor’s business outlook has been elevated from “negative” to “stable” based on its success in its Pay Per View business in 2015. The company’s corporate credit rating remains the same at BB negative which is below investment grade. Standard & Poor’s Financial Services publishes financial research and analysis […]
WWE reports Q3 results
The WWE announced its earnings for Q3 2015 on Thursday. The company reported net income of $10.4 million ($0.14 per share) compared to a loss of $5.9 million ($0.08 loss per share) in Q3 last year. The results bested most analyst expectations although the stock for the day dropped almost 13% as a result of […]
WWE Q1 2015 results
The WWE announced its results for the first quarter of 2015. In a release from the company, it stated that revenues increased 40% to $176.2 million which is the highest quarterly revenue in WWE history. The results exceeded analyst expectations for the company. After five consecutive quarters in the red, it’s the first quarter where the […]
14 for 14: No. 4 Zuffa downgraded by Standard and Poor’s
This fall Standard & Poor’s downgraded Zuffa’s credit rating and then its business outlook over a month later. The downgrade in credit rating from “BB” to “BB–” was due to “greater EBITDA volatility.” S&P issues credit ratings for the debt of public and private companies and is one of several credit agencies that is designated […]