WWE Financials: Net Revenue For Year Essentially Flat
Posted by Larry Csonka on 02.28.2013
And now we start to look at the full year of 2012…
- WWE released their Fourth Quarter and Full Year financials today.
Revenues were essentially flat to the prior year as growth from North America was offset by a corresponding international decline. Revenue from North America increased 4%, or $15.4 million, as the licensing of new television programs and digital content, improved home entertainment sales, and a rise in the number of domestic live events were partially offset by lower revenues from our movie releases. Revenues from outside North America declined 11%, or $15.3 million, primarily due to an anticipated reduction in the number of live events and lower sales of licensed consumer products, particularly in the Latin American and EMEA regions.