wrestling / News

WWE Reports 2012 Fourth Quarter and Full Year Results – Vince McMahon Comments

February 28, 2013 | Posted by Larry Csonka

– WWE released their Fourth Quarter and Full Year financials today. Here are some of the key numbers from the release…

Revenues totaled $115.1 million as compared to $112.9 million in the prior-year quarter.

Operating income was $2.6 million as compared to a loss of $13.1 million in the prior-year quarter.

Net income was $0.6 million, or $0.01 per share, as compared to a loss of $8.6 million, or $(0.12) per share, in the prior-year quarter.

Operating income was $5.4 million as compared to $3.1 million in the prior-year quarter, and Adjusted Net income was $1.3 million, or $0.02 per share, as compared to $1.8 million, or $0.02 per share, in the prior-year quarter.

Vince McMahon had the following comments..

“In the fourth quarter, we continued to make important progress on our key strategic initiatives, expanding the production and licensing of new programs and enhancing our brands. Although we did not announce the launch of a domestic television network during the year, we believe, now more than ever, that we can realize the full value of our intellectual property using a variety of approaches in our global markets. Our confidence is based on the rising value of content and the tremendous global appeal of our brands.”