Black Widow
11-01-2007, 02:55 PM
WWE(R) Reports 2007 Third Quarter Results
Thursday November 1, 8:30 am ET
16% Revenue Increase Over Prior Year
STAMFORD, Conn.--(BUSINESS WIRE)--World Wrestling Entertainment, Inc. (NYSE:WWE - News) today announced financial results for its third quarter ended September 30, 2007. Revenues totaled $108.1 million as compared to $93.2 million in the prior year quarter while operating income was $13.4 million as compared to $12.5 million in the prior year quarter. Net income was $8.5 million, or $0.12 per share, as compared to $9.2 million, or $0.13 per share, in the prior year quarter.
“In addition to the $12.8 million in film related revenues, we posted higher revenues from both the Live and Televised and Digital Media segments in the third quarter,” said Linda McMahon, Chief Executive Officer. “We also announced the development and implementation of our strategic initiative for continued international expansion. We are establishing new regional offices in Brazil and Australia to complement our current offices in Canada, the UK and China. This will enable senior leadership to be on the ground in these locations, and position our company for continued growth and provide increased access to our expanding WWE fan base,” concluded Mrs. McMahon.
pwheadlines.com
Thursday November 1, 8:30 am ET
16% Revenue Increase Over Prior Year
STAMFORD, Conn.--(BUSINESS WIRE)--World Wrestling Entertainment, Inc. (NYSE:WWE - News) today announced financial results for its third quarter ended September 30, 2007. Revenues totaled $108.1 million as compared to $93.2 million in the prior year quarter while operating income was $13.4 million as compared to $12.5 million in the prior year quarter. Net income was $8.5 million, or $0.12 per share, as compared to $9.2 million, or $0.13 per share, in the prior year quarter.
“In addition to the $12.8 million in film related revenues, we posted higher revenues from both the Live and Televised and Digital Media segments in the third quarter,” said Linda McMahon, Chief Executive Officer. “We also announced the development and implementation of our strategic initiative for continued international expansion. We are establishing new regional offices in Brazil and Australia to complement our current offices in Canada, the UK and China. This will enable senior leadership to be on the ground in these locations, and position our company for continued growth and provide increased access to our expanding WWE fan base,” concluded Mrs. McMahon.
pwheadlines.com