WWE Financials: PPV Buys Up In Quarter One

WWE released their first quarter financials today. The good news is that both the Royal Rumble and Elimination Chamber PPVs were up in buys, and for the quarter the company was up about 65,000 buys combined…

Pay-Per-View revenues increased 12% to $15.1 million as compared to $13.5 million in the prior year quarter reflecting the performance of our Royal Rumble and Elimination Chamber pay-per-views. Buys for these events increased 17% from the prior year quarter, demonstrating their creative strength and audience appeal. Additionally, the average revenue per buy increased 5% from the prior year quarter due, in part, to an increased proportion of buys to view our events in high definition, which generally attracts higher retail prices. Increases in the number of buys and revenue per buy, however, were partially offset by lower buys for events in prior periods.

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