-

WWE announces Q3 2017 financial results

WWE today announced financial results for its third quarter ended September 30, 2017. For the quarter, the Company reported Net income of $21.8 million, or $0.28 per diluted share, as compared to Net Income of $11.1 million, or $0.14 per diluted share, in the prior year quarter.

“We are pleased with our continued success in growing and engaging a large, global audience across multiple platforms. The increased production of original content, our focus on localization and the further development of a diverse talent base contributed to that important achievement, reinforcing the significant scale and power of our brands,” stated Vince McMahon, WWE Chairman and Chief Executive Officer.

George Barrios, WWE Chief Strategy & Financial Officer, added “We achieved a 14% increase in revenue from the monetization of video content and generated results that exceeded the range of our guidance. As we continue to drive WWE’s digital and direct-to-consumer transformation, we have increased our 2017 guidance, which calls for record revenue, record Adjusted OIBDA results, and record subscriber levels.”

You can read the full press release at corporate.wwe.com.


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

WWE Superstars visit Joint Base Pearl Harbor-Hickam in Hawaii

During their time in Hawaii, WWE Superstars Bayley, Intercontinental champion Chad Gable, and LA Knight visited Joint Base Pearl...

Max Caster taking a break from wrestling following rollercoaster week

At yesterday's ACW: Mischief Night II event in Poughkeepsie, New York, former AEW star Max Caster announced that he...

Ilja Dragunov makes AEW debut at WrestleDream 2026

Ilja Dragunov is All Elite! The former NXT champion made his AEW debut last night at WrestleDream, introduced by Renee...