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WWE Reports 2012 Second Quarter Results

STAMFORD, Conn., August 2, 2012 – WWE (NYSE:WWE) today announced financial results for its second quarter ended June 30, 2012. Revenues totaled $141.6 million as compared to $142.6 million in the prior year quarter. Operating income was $19.6 million as compared to $21.0 million in the prior year quarter. Net income was $11.9 million, or $0.16 per share, as compared to $14.3 million, or $0.19 per share, in the prior year quarter. There were several items that impacted comparability on a year-over-year basis, including expenses incurred in conjunction with our potential network in the current quarter and film impairments in the prior year quarter. Excluding the impact of these items, Adjusted Operating income declined 12% to $21.3 million from $24.3 million in the prior year quarter. Adjusted Net income was $13.1 million, or $0.17 per share, as compared to $16.5 million, or $0.22 per share, in the prior year quarter.

“In the second quarter, we made important progress on our key strategic initiatives, expanding our content and distribution and enhancing our brand strength,” stated Vince McMahon, Chairman and Chief Executive Officer. “The production and licensing of a third hour of Raw and the launch of a new program, WWE Main Event, for ION Television, as well as our exploding social media presence which now reaches over 100 million global fans, exemplify our achievement of these goals. In order to cultivate further the unique passion of our global fans, we continued to integrate social media in our program content and entered a strategic investment agreement with Tout, which enables users to capture and share 15-second videos. Integrating our fans’ voice in our programming enables us to escalate fan interaction, enhance our programming content, and drive the value of our investment.”

“Our results were highlighted by the strong performance of our pay-per-view business, which offset an anticipated decline in video game sales,” added George Barrios, Chief Financial Officer. “Key audience measures, including a 17% increase in pay-per-view buys and the attraction of 6 million viewers to our 1,000th episode of Raw in July demonstrate our staying power and our continuing ability to build consumer interest. Based on our earnings growth in the first half of the year and the recent positive trends in our pay-per-view business, we are raising our financial forecast for the full year. We expect that our 2012 earnings, measured by either earnings per share, or EBITDA, will be roughly 5% to 15% above our 2011 results on an “as reported” basis.”

To view the full press release, click here.

  • SYM

    You ant can hop on this website daily with ur Monkey ass and talk about people beating off, you can go into full detail, then you can hop ur Simon Diamond Ass into ur little Pink Slug Bug and drive to the Nearest Escentric bar “La Casa de Gayo” and enjoy the Night you Butt Pirate because the Party Don’t stop just like the Pussy at that Bar Don’t Pop!

  • ant

    yeah SYM you,Poko,and Nick can assemble a team called “THE 3 BITCH CREW” and troll on websites around the world

  • SYM

    So heres what I’m hearing here gentlemen….We have no possible Chance surviving if we keep our faith in one Talentless, Unmarketable Fake Ass Eminem.

    “But Mr. McMahon we thought that Cena vs the Scorpion King at WrestleMania would get us Buys…What happened?”

    DAMMIT SWANSON that wasn’t the Scorpion King it was the Taxi Driver from that Witch Mountain Movie!

    *X-Pac’s theme Plays*
    Me, Poko, Nick, & Samuel L. Jackson (as Nick Fury) Enters the Room.

    We’re Assembling a Team…To Be Continued O_O

  • “Bad Man” Bigelow

    Eh fuck wrong article.

  • “Bad Man” Bigelow

    I hope this means that Jericho is back in time for the Rumble.