WWE Live Events Revenue Up Big Time – Details

WWE announced in today’s Q1 financials that Live Event revenues increased 81% to $39.3 million from $21.7 million in the prior year quarter primarily due to the timing of the Company’s annual WrestleMania event, which occurred in the first quarter 2015 as compared to the second quarter 2014, and stronger performance of the Company’s other live events in North America. Here is the breakdown…

* There were 76 total events in the current quarter, including 73 events in North America and 3 events in international markets, as compared to 80 events in the prior year quarter, which were held in North America.

* North American live event revenue increased 68% to $38.3 million from $21.7 million in the prior year quarter, driven in part by the timing of WrestleMania, which generated revenue of approximately $15.7 million in the current year quarter.

* Excluding the impact of WrestleMania, revenue growth from the Company’s North American live events reflected a 7% increase in average ticket prices to $44.88 and a 4% increase in average attendance to 6,700 fans. These factors more than offset the impact of 8 fewer events in the region.

* International live event revenue increased $1.0 million reflecting the staging of 3 events in the current year quarter. There were no international live events in the prior year quarter.

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