The WWE announced the following press release about the WWE’s first quarter earnings of 2016. Here were some of the highlights:
WWE® Reports Strong First-Quarter 2016 Results
First Quarter 2016 Highlights
Revenue increased 13% on a pro-forma basis to $171.1 from $151.3 million in the prior year quarter, excluding the timing impact of WrestleMania (which occurred in Q2 2016 vs. Q1 2015)
OIBDA increased 31% to $27.6 million from the prior year quarter (29% on a pro-forma basis)
WWE Network averaged 1.29 million paid subscribers over the first quarter 2016, which represented a 39% increase from the first quarter 2015, and reached 1.47 million total subscribers at quarter-end
WWE’s YouTube channel reached 11 million subscribers and achieved Diamond Play Button status joining Taylor Swift and Justin Bieber; WWE content garnered 10 billion YouTube views over the last 12 months
Announced new series spin-off, Total Bellas, to debut on E! in Fall 2016 along with the sixth season of Total Divas. Continued to develop exciting new content for WWE Network, including Camp WWE (May), Swerved Season 2 (June) and Holy Foley! (August)
Selected WrestleMania Highlights
WrestleMania (April 3, 2016) achieved record breaking attendance, ticket sales, viewership, and social media activity
WrestleMania broke WWE’s attendance record, attracting 101,763 fans at AT&T Stadium
WWE Network reached a record 1.82 million total subscribers following WrestleMania (as of April 4)
During WrestleMania Week, WWE Network featured 19 hours of prime-time, premier programming and subscribers watched nearly 22 million hours of content, averaging 12 hours per subscriber
WrestleMania generated more than 2.5 million mentions on Twitter in one day and over 250 million video views across WWE digital and social platforms during WrestleMania Week
STAMFORD, Conn., May 10, 2016 –
WWE (NYSE:WWE) today announced financial results for its first quarter 2016. For the quarter, the Company reported Net income of $13.9 million, or $0.18 per share, as compared to Net income of $9.8 million, or $0.13 per share, in the prior year quarter. (SOURCE: WWE CORPORATE).
Hope the WWE can keep up the momentum going into the next quarter!
WWE on fire