World Wrestling Entertainment Inc. announced its financial results for its fourth fiscal quarter ended April 30.
The company said revenue slipped to $114.3 million from $118.3 million in the prior-year quarter, operating income fell to $15.1 million from $22.5 million and net income was $10.6 million, or $0.15 per share, versus $16.1 million ($0.23) in the year-ago period. Earnings before interest, taxes, debt and amortization fell to $17.5 million from $25.4 million.
“Our WrestleMania 22 results in the fourth quarter continue to demonstrate the power of both that event and of the overall WWE brand and their respective places in pop culture," CEO Linda McMahon said in a prepared statement.
"Also, we are relaunching the ECW [Extreme Championship Wrestling] brand via weekly television performances on the Sci Fi Channel and through a distinct touring group performing in smaller venues,” she added. “This type of performance gives our fans a different wrestling experience. Raw!, SmackDown and ECW now represent a portfolio of WWE brands for fans of all ages and interests to enjoy.”
WWE also announced that its board of directors declared a regular quarterly dividend of $0.24 per share on all class-A and class-B common stock.
The company said the dividend will be payable July 10 to shareholders of record at the close of business June 30.