WWE remains strong in Q2

Firm more than doubles operating income for period.
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WWE has reported its results for the second quarter ending June 30th - stating that it has more than doubled its operating income for the period and driven a 15 per cent increase for the first half of the year.

Revenues totalled $138.8 million for the period, as compared to $129.7 million in the prior year quarter. Operating income was $28.1 million, as compared to $12.0 million in the previous year quarter, while net income was $19.9 million, up from $7.0 million in Q2 2008.

Revenues from the consumer products businesses were $20.9 million versus $32.4 million in the prior year, however - a 35 per cent decrease.

Home video net revenues fell the most; $8.6 millon as compared to $18.5 million in the previous year. This can mainly be attributed to lower sales of new release and catalogue titles, as well as two fewer titles released in the current quarter.

Licensing revenues were $9.0 million in both the current and prior year quarter. The launch of video games title Legends of WrestleMania offset a decrease in revenue from toy products. Magazine publishing net revenues were $3.0 million, compared with $4.3 million in the prior year quarter.

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