WWE Wrestles More 2Q Revenue

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World Wrestling Entertainment reported $96.2 million in revenue for its fiscal second quarter ended Oct. 27, up from $88.9 million in the year-ago period.

Operating income was $11.7 million, down from $18.9 million in the prior-year quarter, and WWE posted net income of $10.4 million, or $0.15 per share, versus $11.7 million ($0.17) in the year-earlier period.

“We are very pleased with our revenue growth in the current quarter," CEO Linda McMahon said in a prepared statement. "This reflects the continued expansion of our home-video and digital-media businesses, along with increased attendance at our live events."

She added, "We accomplished several operational objectives in the second fiscal quarter that are important for our continued development. We launched Friday Night SmackDown on the new CW network, allowing us to broadcast into 3 million additional homes domestically. We successfully released our second feature film, The Marine, in October, and the results are firmly in line with our expectations. We have also positioned our home-video business for long-term growth by securing a new distribution deal.”

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