Backlash Propels WWE in 1Q

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World Wrestling Entertainment Inc. was up across the board for its fiscal first quarter ended July 29.

The company said total revenues were $93.8 million versus $81.6 million in the prior-year quarter; operating income was $15.8 million versus $11.2 million; net income was $11.2 million, or $0.16 per share, compared with $7.6 million ($0.11); and earnings before interest, taxes, debt and amortization was $18.5 million versus $14.1 million.

WWE aired five pay-per-view events, compared with four in the year-ago period, and the company said the additional event, Backlash, contributed approximately $4.3 million in revenues and $2.1 million in profit.

“One of the more significant items in our live and televised businesses for the quarter was the increase in pay-per-view buys,” CEO Linda McMahon said in a prepared statement. “Each of the PPV events produced in the quarter either met or exceeded the buys from the prior year.”

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