WWE Releases Their Q4 2017 Financial Report

WWE released their financial report for the fourth quarter of 2017 today.

Here are their highlights or you can view the full report at the link above.

Fourth-Quarter 2017 Highlights

• Revenue increased 9% to $211.6 million as compared to the prior year quarter

• Operating income was $27.0 million. Adjusted OIBDA reached $34.8 million, which was in line with guidance

• WWE Network’s average paid subscribers increased to 1.48 million during the fourth quarter 2017, consistent with the Company’s guidance

• Celebrated the 25th anniversary of Monday Night Raw in January 2018; SmackDown surpassed 950 episodes and remained the second longest running episodic program in history (behind only Raw)

• Formed partnerships to create content across platforms, including the series Mixed Match Challenge which streams live on Facebook Watch, Miz & Mrs. which will air on USA, as well as virtual reality experiences from select 2018 special events available on a new WWE channel within the NextVR app

Full Year 2017 Highlights

• Revenue increased 10% to $801.0 million, the highest in the Company’s history

• Operating income increased 36% to $75.6 million. Adjusted OIBDA increased 40% to $111.9 million, which
was within the range of Company guidance and represented all-time record performance

• Supporting the global reach of WWE content, completed multi-year distribution agreements in France, Japan, South Korea, Australia, Philippines and sub-Saharan Africa among other countries and regions

• Digital engagement continued to grow with video views up 32% to 20 billion and social media engagements up 4% to approximately 1.2 billion from the prior year

• WWE’s YouTube channel remained the #1 most viewed Sports Channel and the 2nd most viewed channel on YouTube with 20 billion lifetime views (as of January 31, 2018)

• Demonstrated strength in consumer products with the #1 selling action figure property in the U.S. ahead of Star Wars and Marvel Avengers

• Forbes named WrestleMania as one of the world’s top 10 most valuable sports event brands for the fourth year in a row, alongside the Super Bowl, Olympics, FIFA World Cup and NCAA Men’s Final Four