World Wrestling Entertainment's CEO Discusses Q4 2011 Results - Earnings Call Transcript

World Wrestling Entertainment Inc. (WWE)

Q4 2011 Earnings Conference Call

February 23, 2012 11:00 AM ET

Executives

Michael Weitz – Senior Vice President, Investor Relations

Vince McMahon – Chairman and Chief Executive Officer

George Barrios – Chief Financial Officer

Analysts

Cody Slach – Roth Capital Partners

Michael Kupinski – Noble Financial

Brad Safalow – PAA Research

Daniel Kilmurray – UBS

Jamie Clements – Sidoti

Marla Backer – Hudson Square

Presentation

Operator

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Welcome to the WWE Fourth Quarter and Full Year 2011 Earnings Call. My name is (John) and I will be your operator for today's call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. I will now turn the call over to Mr. Michael Weitz, SVP of Investor Relations for WWE. Mr. Weitz, you may begin.

Michael Weitz – Senior Vice President, Investor Relations

Thank you and good morning everyone. Joining me for today’s discussion are Vince McMahon, our Chairman and CEO and George Barrios, our CFO.

We issued our earnings release earlier this morning and have posted the release, our presentation, and other supporting materials on our website, corporate.wwe.com. These materials can be referenced in conjunction with the discussion today to clarify our performance and the trends in our business.

In our discussion today, we'll make several forward-looking statements. These statements are based on management's estimates. Actual results may differ due to numerous factors as described in our presentation and in our filings with the SEC. For any non-GAAP financial measures discussed on this call, reconciliations to GAAP measures can be found in our earnings release and in our website presentation. Today, we'll review our results for the fourth quarter and full year 2011 and we’ll follow this review with a Q&A session.

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