{"id":27218,"date":"2016-07-28T08:05:39","date_gmt":"2016-07-28T13:05:39","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=27218"},"modified":"2016-07-28T09:21:46","modified_gmt":"2016-07-28T14:21:46","slug":"wwe-q2-2016-wwe-reports-revenue-earnings-wrestlemania-quarter","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/07\/28\/wwe-q2-2016-wwe-reports-revenue-earnings-wrestlemania-quarter\/","title":{"rendered":"WWE Q2 2016 &#8211; WWE reports Revenue &#038; Earnings for WrestleMania Quarter"},"content":{"rendered":"<div id=\"pwtor-2560778388\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p><strong>By James Caldwell, PWTorch assistant editor<\/strong><\/p>\n<p>WWE reported Second Quarter 2016 revenue of $199.0 million, a record for the company.<\/p>\n<p><a href=\"http:\/\/www.pwtorch.com\/artman2\/publish\/WWE_News_3\/article_84750.shtml#.V5oQlJMrInc\">Concerning last year&#8217;s WrestleMania quarter<\/a>,\u00a0WWE reported then-record quarterly revenue of $176.2 million in First Quarter 2015.<\/p>\n<p>This year&#8217;s\u00a0record was based on the strength of WrestleMania 32. But, WM32 was also a very expensive event, as it ate away at profits.<\/p>\n<p>WWE reported Net Income of $0.8 million, which compares to $5.1 million for a non-WrestleMania Second Quarter last year.<\/p>\n<p>Specific to WrestleMania, WWE reported that Mania\u00a0reduced the Media division&#8217;s operating profit by $17.5 million &#8220;as the event\u2019s production costs more than offset its related pay-per-view revenue.&#8221;<\/p>\n<p>WWE also reported quarter-ending paid Network subscribers of 1.51 million. However, WWE is anticipating a slight decline to 1.49 in the third quarter.<\/p>\n<p>WWE CEO Vince McMahon remains optimistic about the long-term vision for the company.<\/p><div id=\"pwtor-1669227941\" class=\"pwtor-content pwtor-entity-placement\"><div align=\"center\" data-freestar-ad=\"__336x280 __336x280\" id=\"pwtorchcom_test_300x250\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_test_300x250\", slotId: \"pwtorchcom_test_300x250\" });\r\n  <\/script>\r\n<\/div><\/div>\n<p class=\"canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm canvas-atom\" data-type=\"text\" data-reactid=\".jk3zrthfjw.1.$1.0.0.0.2.1.0.0.0.$tgt1-Col1-3-ContentCanvas-Proxy.$tgt1-Col1-3-ContentCanvas.0.4.0:$2\">\u201cI continue to be pleased with the execution of our strategy to optimize the long-term value of our content,&#8221; said McMahon in <a href=\"http:\/\/finance.yahoo.com\/news\/wwe-reports-record-revenue-q2-123000376.html\" target=\"_blank\">Thursday&#8217;s financial announcement<\/a>. &#8220;Progress on this objective is evidenced by the continued year-over-year growth of WWE Network, the transition of Smackdown to a live format every week, and the completion of our first exclusive content agreement in China.\u201d<\/p>\n<p class=\"canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm canvas-atom\" data-type=\"text\" data-reactid=\".jk3zrthfjw.1.$1.0.0.0.2.1.0.0.0.$tgt1-Col1-3-ContentCanvas-Proxy.$tgt1-Col1-3-ContentCanvas.0.4.0:$2\"><em>More Details to follow &amp; unpack @ <a href=\"http:\/\/www.pwtorch.com\/site\/tag\/wwe-q2-2016\" target=\"_blank\">WWE Q2 2016 Central<\/a>.<\/em><\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-3190603845\"><div id=\"pwtor-2483181021\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>By James Caldwell, PWTorch assistant editor WWE reported Second Quarter 2016 revenue of $199.0 million, a record for the company. Concerning last year&#8217;s WrestleMania quarter,\u00a0WWE reported then-record quarterly revenue of $176.2 million in First Quarter <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/07\/28\/wwe-q2-2016-wwe-reports-revenue-earnings-wrestlemania-quarter\/\" title=\"WWE Q2 2016 &#8211; WWE reports Revenue &#038; Earnings for WrestleMania Quarter\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":1239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[133,132,71,3526,1710,689,3465],"class_list":["post-27218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_wwe","tag-wm32","tag-wrestlemania","tag-wwe","tag-wwe-business","tag-wwe-earnings","tag-wwe-financials","tag-wwe-q2-2016"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/WWELogo_3x2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=27218"}],"version-history":[{"count":4,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27218\/revisions"}],"predecessor-version":[{"id":27403,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27218\/revisions\/27403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1239"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=27218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=27218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=27218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}