WWE Q4 Financials: Details On Revenue Increase

The WWE released their Q4 financial report today, and in that report discussed the details of the revenue increase for the quarter. They are credited to the revenue from Network subscriptions and also the escalation of TV rights fees…

Revenues increased 19% to $140.5 million primarily due to growth in North America. North American revenues increased 23%, or $19.8 million, driven by the ramp up in WWE Network subscription revenue and the escalation of television rights fees as reflected in the Media Division. Revenues from outside North America increased 7%, or $2.3 million, reflecting higher revenue from Consumer Products in the Europe/Middle East/Africa (EMEA) region, including the Company’s licensed video game and e-commerce merchandise sales through WWEShop. Revenue growth in the Asia Pacific (APAC) region reflected an increase in live event revenue. International live event revenue, however, was flat to the prior year quarter as growth in APAC was offset by declines in both EMEA and Latin America (LATAM).

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