WWE revealed its 2016 first quarter financial results on Tuesday. The company reported 13.9 million net income compared to $9.8 million net income in the first quarter of 2015. “Our strong performance in the first quarter reflected the successful execution of our content strategy,” Vince McMahon stated in a press release. “The sustained year-over-year growth of WWE Network, the global consumption of our video content across all platforms, and the recent record breaking attraction of WrestleMania demonstrate the increasing strength of our brands. We believe we can continue to leverage these strengths to drive long-term growth.” Read the full report at 4-traders.com.
Powell’s POV: Vince McMahon and other members of senior management will address the financial report in a conference call this morning at 10:00 a.m. CT. Join me for live coverage of that call.