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Post by mysterydriver on Feb 12, 2008 12:37:43 GMT -5
WWE® Reports 2007 Fourth Quarter Results STAMFORD, Conn., February 12, 2008 - World Wrestling Entertainment, Inc. (NYSE:WWE) today announced financial results for its fourth quarter ended December 31, 2007. Revenues totaled $132.6 million as compared to $107.6 million in the prior year quarter while operating income was $24.7 million as compared to $17.5 million in the prior year quarter. Net income was $21.5 million, or $0.30 per share, as compared to $15.5 million, or $0.22 per share, in the prior year quarter. To read the full press release, please click here: corporate.wwe.com/documents/4Q2007pressrelease_000.pdf (I got the info from Gerweck.net) Just thought it was interesting. |
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greeby
Hank Scorpio
Posts: 7,088
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Post by greeby on Feb 12, 2008 12:38:26 GMT -5
No Cena = Mo Money? Need a hint, WWE?  |
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azz0r
Dennis Stamp
Ex 4 month ruling Wrestlecrap PPV Prediction Champion
Posts: 3,696
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Post by azz0r on Feb 12, 2008 12:53:35 GMT -5
The WWE really doesn't make as much money as I thought.
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WWHHHD
Unicron
Break it down for a 5 second pose!
Posts: 3,467
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Post by WWHHHD on Feb 12, 2008 15:18:27 GMT -5
Yeah they do... after all the talents contracts plus the office's contracts. These are the numbers they are making... www.gerweck.net/wwebiz.htm |
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Post by mysterydriver on Feb 12, 2008 16:21:01 GMT -5
More from Gerweck:
WWE 4Q Profit Beats Analyst Expectations
Tuesday February 12, 11:03 am ET
WWE 4th-Qtr Profit Rises on Consumer Products, Live and Televised Entertainment Growth
STAMFORD, Conn. (AP) -- World Wrestling Entertainment Inc. said Tuesday its fourth-quarter profit rose 38.6 percent and beat analysts' predictions, aided by growth in its consumer products segment as well as its live and televised entertainment segment.
WWE shares rose $1.24, or 8.1 percent, to $16.55 in morning trading. In the past year, the stock has traded between $13.35 and $18.60.
For the quarter that ended Dec. 31, WWE earned $21.5 million, or 30 cents per share, compared with $15.5 million, or 22 cents per share, in the year-ago quarter.
The company's revenue rose year over year to $132.6 million from $107.6 million.
Analysts polled by Thomson Financial expected earnings of 17 cents per share on $115 million in revenue.
WWE's live and televised entertainment segment revenue rose $9.6 million to $82.3 million, while its consumer products segment revenue rose $11.4 million to $35.3 million.
WWE also reported $3.1 million in revenue from its WWE films segment, mostly from its feature film "See No Evil."
For the year, WWE earned $52.1 million, or 72 cents per share, on $485.7 million in revenue. This compares to a profit of $48.8 million, or 68 cents per share, on $415.3 million in revenue it reported in 2006.
Analysts expected a full-year profit of 59 cents per share on $467.8 million in revenue.
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