WWE issued the following press release today, which will be followed at 11am ET by the company’s quarterly financial conference call (more information at WWE.com’s corporate site:
WWE(R) Reports 2007 Fourth Quarter Results
STAMFORD, Conn., Feb 12, 2008 (BUSINESS WIRE) — World Wrestling Entertainment, Inc. (NYSE:WWE) today announced financial results for its fourth quarter ended December 31, 2007. Revenues totaled $132.6 million as compared to $107.6 million in the prior year quarter while operating income was $24.7 million as compared to $17.5 million in the prior year quarter. Net income was $21.5 million, or $0.30 per share, as compared to $15.5 million, or $0.22 per share, in the prior year quarter.
“We ended the year with solid fourth quarter performances from all of our operating units, resulting in a 23% increase in revenue over last year. The quarter capped off a very successful year in which we set an all time revenue high of $485 million,” said Linda McMahon, Chief Executive Officer. “We expect our initiatives for international expansion and the continued improvement in our Digital Media and Wireless businesses will help us sustain our growth momentum in 2008.”
Results By Business Segment
The following chart reflects net revenues and profit contribution by segment for the three months ended December 31, 2007 and December 31, 2006. (Dollars in millions)
Click here (PDF) or here (HTML) for the full press release and financial charts.