WWE announces Q4 2015 earning results

 

WWE today announced financial results for its fourth quarter and year ended December 31, 2015. For the quarter, the Company reported a Net loss of $1.2 million, as compared to a Net loss of $1.6 million in the prior year quarter. Adjusted net income was $3.4 million compared to Adjusted net loss of $0.6 million, in the fourth quarter last year.

For the year 2015, revenue increased 21% to $658.8 million, the highest in the company’s history, including record levels of revenue from WWE’s Network, Television, Live event, Venue Merchandise, and WWE Shop businesses. Total international revenue increased by 46% to a record $169.8 million.

“Our record revenue in 2015 reflected innovation across all of our businesses, which was highlighted by the successful execution of our network strategy,” said WWE Chairman & CEO Vince McMahon. “Over the next year, we will continue to focus on producing engaging content across all platforms, investing in emerging markets, and deploying technology across the enterprise to drive our long-term growth.”

George Barrios, Chief Strategy & Financial Officer, added, “Our strong performance in 2015 reflected the effective execution of our strategy and our investments in content, technology and global markets. As an example, these initiatives led to WWE Network subscribers watching an estimated average of 188 hours of content per household, and WWE garnering more than 8 billion views on YouTube and achieving record international revenues of $170 million. These metrics demonstrate the unique power of our brands and our potential to capitalize on a multi-platform content strategy to drive long-term growth.”

You can read the full press release at http://www.snl.com/irweblinkx/file.aspx?iid=4121687&fid=1500080692.