WWE Releases Fourth Quarter Earnings; Promotes High-Level Executives

 Show me the money.

WWE recently released its Fourth Quarter earnings statement, and touted record revenue for the company. Below are some highlights from the report:

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 OIBDA¹ reached $34.8 million, which was in line with guidance
• WWE Network’s average paid subscribers² 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

Donald Trump gives away Mr. McMahon's money on Fan

In addition, the company announced that George Barrios and Michelle Wilson have been promoted to Co-Presidents and appointed to WWE’s Board of Directors. In a statement from Vince McMahon:

“The successful transformation of our business model has put us in a position to capitalize on all that the changing global media landscape has to offer,” said WWE Chairman & CEO, Vince McMahon.  “I am confident that our executive management team, led by Michelle and George, will achieve continued success across key strategic initiatives and ensure our long-term growth.”

Editor’s Opinion:

WWE is making money. Duh.

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