Here’s some pertinent information for your next “WWE’s failing” conversation. The company announced their 2015 Q1 results today, and it includes the highest quarterly revenue in WWE history. Thanks, Roman!
Revenues increased 40% to $176.2 million. WWE reported a net income of $9.8 million ($0.13 per share), up from last year’s Q1 loss of $8 million. Vince McMahon’s comments explain, and are sadly not just “people love that Sasha Banks.”
“During the quarter, we generated record quarterly revenue and strong earnings growth, reflecting our strategy to realize greater value from our content across multiple platforms. We believe that we are on a path to significant growth as we continue to expand WWE Network and innovate faster than ever.”
So don’t hold out for Panda Energy buying a majority of WWE stock anytime soon, I guess. They should’ve done their Q1 announcements during Extreme Rules, so we could watch the stock price fluctuate like this:
