WWE Reports Strong Fourth-Quarter 2016 Results

[mrken12]

WWE Reports Strong Fourth-Quarter 2016 Results, Vince McMahon Comments - WrestlingInc.com

Fourth-Quarter 2016 Highlights

- Revenue increased 17% to $194.9 million as compared to the prior year quarter
- Operating income of $13.9 million and Adjusted OIBDA1 of $20.5 million were in line with guidance
- WWE Network subscribers increased 14% from the fourth quarter 2015 to 1.41 million average paid subscribers over the fourth quarter 2016, consistent with the Company's guidance
- The Company premiered new original content across platforms, including Total Bellas® (E! network), The Bella Twins® (YouTube channel), 205 Live™ and WWE Story Time™ (WWE Network)
- Announced new UK Championship Tournament to showcase local talent, which successfully engaged both attendees and network viewers in January 2017
- Announced SNICKERS® will once again serve as the exclusive presenting partner of WrestleMania® (April 2, 2017), which will be held at the Orlando Citrus Bowl and broadcast live globally on WWE Network
- WWE issued $215 million of convertible note financing to support the execution of the Company's long-term growth strategy and for general corporate purposes2

Full Year 2016 Highlights

- Revenue increased 11% to $729.2 million, the highest in the Company's history, including record levels of revenue from its Network, Television, Live Event, Venue Merchandise, and WWE Shop segments
- Total international revenue increased by 11% to a record $189.3 million
- Operating income increased 44% to $55.7 million and Adjusted OIBDA3 increased 17% to $80.1 million, with both measures within the relevant range of Company guidance
- WWE Network subscribers watched a total of 294 million hours of content (up 15% from 256 million in 2015), yielding an average of 194 hours per household that places it among top cable and broadcast networks
- Digital engagement continued to grow with video views up 56% to more than 15.1 billion and social media engagements up 45% to 1.1 billion from the prior year

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE (NYSE:WWE) today announced financial results for its fourth quarter and year ended December 31, 2016. For the quarter, the Company reported Net income of $8.0 million, or $0.10 per share, as compared to a Net loss of $1.2 million, or a $0.02 loss per share, in the prior year quarter. Operating income increased to $13.9 million from an Operating loss of $1.5 million. Excluding items affecting comparability, Adjusted OIBDA increased to $20.5 million from $11.1 million.

"During the past year, we continued to successfully execute our content strategy, which resulted in significant operational achievements and generated record revenue. We grew WWE Network to an average of more than 1.5 million subscribers, attracted record attendance of 101,763 fans at WrestleMania, and strengthened the global reach of our television programs, completing distribution deals in China, Australia, Germany and Spain, among other countries," said WWE Chairman & CEO Vince McMahon. "The increased engagement with our brands across multiple platforms provides a foundation for achieving our 2017 and long-term financial objectives."

You can read the rest at the link.

 

[SpacelySprockets]

@Da Ken

 

[RammerJammer]

All because of

 

[Champagne Kudo]

All because of

and not Goldberg

 

[Kidd Dibiase]

All because of
Goldberg GIF - Goldberg - Discover & Share GIFs

 

[Vinny Lupton]

Ooouuu

 

[jerniebert]

How them ratings though.

 

[Bob-omb]

Styles and Goldberg helped with some subscriber numbers, but now WWE has to capitalize by keeping the viewers tuned for the other acts post Mania.


Don't think they're doing a good job of it

 

[Ed MOTHERFUCKING G]

All because of

NAH

All because of

Spoiler: One man

Spoiler: Simply

 

[TransJenner]

NAH

All because of

Spoiler: One man

Spoiler: Simply

Who is that

And that entrance

 

[Ed MOTHERFUCKING G]

Who is that

And that entrance

That is the GLORIOUS



BOOOOBBBYYYYYYY





ROOOOOOOOOOOOOOOOOOOOOOOOOOOOODE

 

[Da King]

Who is that

And that entrance

future RAW superstar

 

[MushroomX]

Goldberg is a small boost. The reason why everyone hype on Goldberg is because he hasn't done shyt since he left, not like Sting who kept wrestling, everyone wanted to relieve Goldberg. The problem though is that booking these days will bring Goldberg down.

Even if you have him beating people up he will get lost because there is no Fandom of Goldberg. Mostly just fans reliving the old days when WWE had to fight to stay alive.

 

[Playaz Eyez]

The WWE is about to beat this over people's heads for the next 6 months like they used to with Tout and the "Did You Know" segments

 

[LastManStanding]

The brand split with Smackdown airing Live is bringing back past fans and more casual viewers.

The Smackdown hype is real. It's a completely different show than Monday Night Reigns.