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WWE Nearly Doubles Q4 Home Entertainment Revenue

9 Feb, 2017 By: Erik Gruenwedel



World Wrestling Entertainment (WWE) DVDs and electronic sellthrough continue to show resiliency, despite a burgeoning branded subscription-streaming business.

The publicly traded, privately controlled entertainment company Feb. 9 reported fourth-quarter (ended Dec. 31, 2016) home entertainment operating income of $1.9 million on revenue of $4.2 million. That compared with operating income of $600,000 on revenue of $2.6 million during the previous-year period.

For the year, operating income increased 15% to $5.3 million from $4.6 million in the prior fiscal period.

WWE attributed the increase to higher digital sales, an increase in average revenue per unit and improved disc-sellthrough rate.

Indeed, digital media generated $1.9 million in operating income on revenue of $8.5 million. That compared with operating income of $2 million on $7.6 million in revenue in the previous-year period.

Meanwhile, WWE Network, an over-the-top video subscription streaming service, saw average paid subs increase 14% to 1.41 million. Revenue increased 7% to $43.1 million, from $40.8 in the previous-year period. For the year, revenue topped $180 million, up 13.4% from $159.4 million in 2015.

“The increased engagement with our brands across multiple platforms provides a foundation for achieving our 2017 and long-term financial objectives,” CEO Vince McMahon said in a statement.


 


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