WWE reveals Q4 results

Consumer products revenues decrease by 32 per cent for the fourth quarter ending December 31st 2009.
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WWE has reported its financial results for the fourth quarter ending December 31st 2009.

Revenues for the period totalled $117.3 million as compared to $125.4 million in the prior year quarter. Operating income was $17.8 million (compared to $23.3 million in the prior year quarter), while net income stood at $11.2 million ($13.6 million in prior year quarter).

Revenues from the live and televised entertainment businesses were $83.8 million for the current quarter, as compared to $76.2 million in the prior year quarter.

Venue merchandise revenues were up to $4.6 million, as increases in the number of events and total attendance more than offset a slight decline in domestic per capita merchandise sales.

However, the consumer products division saw revenues slip by 32 per cent to $22.7 million. Notably, the prior year quarter included the recognition of a $6.4 million advance relating to a multi-year contract with a book publisher. Excluding the impact of the book advance, consumer products revenues declined 16 per cent, primarily due to discounting in the home video business.

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