-

WWE reports Q1 2019 financial results

WWE today announced financial results for its first quarter ended March 31, 2019.

The not-so-stellar quarter had revenues of $182.4 million as compared to $187.7 million in the prior year quarter and an operating income loss of $6.8 million as compared to income of $21.8 million in the prior year quarter. Net Income reflected a loss of $8.4 million as compared to net income of $14.8 million.

“During the quarter, we continued to execute our strategy and achieved targeted financial results,” stated Vince McMahon, Chairman and Chief Executive Officer. “While engagement metrics over the past two quarters were impacted by Superstar absences, we believe they will improve as our talent return and we launch our new season following a successful WrestleMania. We remain excited about the future, particularly with our debut on Fox in October.”

George Barrios, Co-President, added “In the quarter, we delivered Adjusted OIBDA within the range of our public guidance and continue to target full-year record revenue of approximately $1 billion and record Adjusted OIBDA of at least $200 million. Our primary focus is to deliver record results while investing in our key priorities: content creation, localization and digitization.”

The full press release can be read 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

Ruby Soho and Angelo Parker welcome baby daughter

AEW stars Ruby Soho and Angelo Parker welcomed their daughter today, Evie. Parker announced the birth of their first child...

Dwayne “The Rock” Johnson returning for Jumanji 3 movie

Dwayne "The Rock" Johnson is set to return for the third installment of the popular movie franchise Jumanji. His co-stars...

Liv Morgan signs new five-year deal with WWE

On the latest episode of Logan Paul Impaulsive podcast, WWE Women's World champion Liv Morgan revealed that she has...

Discover more from Wrestling-Online.com

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

Continue reading