-

WWE reports Q1 2015 financial results

WWE today announced their Q1 2015 financial results, with a reported Net income of $9.8 million, compared to a Net loss of $8.0 million in the first quarter last year.

“During the quarter, we generated record quarterly revenue and strong earnings growth, reflecting our strategy to realize greater value from our content across multiple platforms,” said WWE Chairman and CEO Vince McMahon. “We believe that we are on a path to significant growth as we continue to expand WWE Network and innovate faster than ever.”

Company stocks went up to $15.44 per share thanks to strong premarket trading but they quickly fell off in the high $13’s an hour later.

“Our strong earnings growth was driven primarily by the escalation of our television rights fees and the expansion of WWE Network subscribers. For the quarter, our OIBDA surpassed our public guidance,” added George Barrios, Chief Strategy & Financial Officer. “WWE Network subscribers watched an estimated average of 53 hours of content per household over the quarter putting it among Netflix and the top cable and broadcast networks in terms of viewer hours per household. Additionally, WrestleMania 31 was viewed in more homes globally than ever before. Our ability to engage our global fan base reinforces our view that successful execution of our WWE Network strategy can generate meaningful economic returns.”

The full press release can be read in a pdf file here.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Raw preview for 11/04/2024

Tonight's WWE Raw is not live as the show was taped last night in Riyadh, Saudi Arabia as part...

Crown Jewel 2024 sets viewership record

WWE today announced that Crown Jewel this past Saturday was the most-watched WWE event ever from Saudi Arabia. The 2024...

AEW offering 40% discount on tickets for 12 upcoming TV and PPVs

With attendance at events dwindling, AEW is offering a 40% discount for 10 upcoming television tapings and two pay-per-views...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading