WWE reveals Q3 figures - Licensing.biz

WWE reveals Q3 figures

Revenues from consumer products businesses decreased by seven per cent for period.
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WWE has reported its results for the third quarter ending September 30th.

Overall, the company's revenues totalled $108.5 million, compared with $109.6 million in the prior year quarter. Operating income was $15.9 million, compared to $20.3 million in the prior year quarter.

Meanwhile, across the firm's consumer products businesses, revenues decreased by seven per cent to $19.8 million from $21.4 million in the prior year quarter.

Licensing revenues were $9.0 million (compared with $10.8 million) as lower toy, collectable and apparel sales more than offset an increase in video game sales.

Revenues related to toys declined 24 per cent, reflecting a challenging retail environment for certain toy categories. Meanwhile, revenue from WWE collectable products declined due to a tough comparison to a successful product lauanch in the prior year.

Revenue from video games, however, increased by $1.1 million - led by sales of the WWE All Stars video game.

Elsewhere in consumer products, home video net revenues were $8.3 million (compared to $7.2 million in the prior year quarter), while magazine publishing net revenues were $1.9 million (compared to $2.6 million the prior year).


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