WWE issued the following press release to announce their fourth quarter and year ending financial numbers. This is a portion of the press release, which can be read in full at Corporate.WWE.com.
WWE (NYSE:WWE) today announced financial results for its fourth quarter and year ended December 31, 2015. For the quarter, the Company reported a Net loss of $1.2 million, or $0.02 loss per share, as compared to a Net loss of $1.6 million, or $0.02 loss per share, in the prior year quarter. Excluding items affecting comparability, Adjusted OIBDA increased to $11.1 million from $5.1 million. Adjusted net income was $3.4 million, or $0.04 per share as compared to Adjusted net loss of $0.6 million, or $0.01 loss per share, in the fourth quarter last year.
“Our record revenue in 2015 reflected innovation across all of our businesses, which was highlighted by the successful execution of our network strategy,” said WWE Chairman & CEO Vince McMahon. “Over the next year, we will continue to focus on producing engaging content across all platforms, investing in emerging markets, and deploying technology across the enterprise to drive our long-term growth.”
Powell’s POV: McMahon and George Barrios will be co-hosting a conference call to discuss the fourth quarter earnings report today at 10:00 a.m. CT. I will provide live updates on the call, then Jake Barnett and I will discuss it this afternoon during the member exclusive Dot Net Weekly audio show.
Be the first to comment