WWE Q3 Financials: Strong Earnings Growth & More

WWE reported their Q3 Financials this morning, and for the quarter, the company reported net income of $10.4 million, or $0.14 per share, compared to a net loss of $5.9 million, or $0.08 loss per share, in the third quarter last year. WWE Chairman & CEO Vince McMahon had the following to say…

“During the quarter, we made significant progress on the growth of our global subscription service, WWE Network. We also continued to strengthen our talent base, achieved significant international growth and increased engagement across our digital and social media platforms. Over the next year, we expect to leverage our brand and content initiatives to further enhance engagement, promote network subscription, and maximize our long-term earnings growth.”

The company noted several highlights, including the following…

* Total international revenue increased by 43% to $119.0 million through the first nine months of 2015.

* Network segment revenue reached a record of $145.8 million on a trailing 12-month basis.

* WWE Network premiered more than 85 hours of original content including the network’s highly rated programs, Beast in the East, NXT Takeover: Brooklyn, Swerved and Stone Cold Podcast.

* 37 new advertisers were secured for WWE programming following NBCUniversal’s Upfront.

* SummerSlam, Raw and NXT delivered 3 consecutive sell-out events at the Barclays Center in Brooklyn, New York (August 22 – 24).

* WWE exceeded 660 million social media engagements to-date in 2015 and continued to rank 6th on Sprinklr’s Social Business Index, ahead of the NBA, NFL and other media properties.