{"id":27224,"date":"2016-07-28T10:43:31","date_gmt":"2016-07-28T15:43:31","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=27224"},"modified":"2016-07-28T17:44:01","modified_gmt":"2016-07-28T22:44:01","slug":"wwe-q2-2016-full-revenue-break-tv-network-biz-segments","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/07\/28\/wwe-q2-2016-full-revenue-break-tv-network-biz-segments\/","title":{"rendered":"WWE Q2 2016 &#8211; Full Revenue &#038; Profit Break Down &#8211; TV, Network, Admin Expenses eating into profits, comparison to WM31"},"content":{"rendered":"<div id=\"pwtor-3671989561\" 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><strong>Full Second Quarter 2016 Revenue \/ Profit Break Down<\/strong><\/p>\n<p>WWE&#8217;s WrestleMania 32 event helped produce $199.0 total revenue in the Second Quarter 2016, but it also ate away at profits because of how expensive the event was to produce.<\/p>\n<p>The result was Operating Income of $1.6 million and business profit of $7.5 million (margin of only 4.0 percent).<\/p>\n<p>In last year&#8217;s WrestleMania quarter (Q1-2015), WWE reported $15.2 million in Operating Income and $21.0 million in business profit (12 percent margin).<\/p>\n<p>WWE made a lot of money ($199.0 million vs. $176.2 million), but the cost to make that money increased to $132.0 from $109.7.<\/p>\n<p>The difference in revenue was nearly identical &#8211; $67.0 in the WM32 quarter versus $66.5 million in the WM31 quarter.<\/p>\n<p>So, where did the money go after the net revenue? WWE reported $59.4 million in operational\/admin expenses, up from $45.4 million in the WM31 quarter. That difference of $14.0 million ate into WWE&#8217;s profits for the quarter.<\/p><div id=\"pwtor-4065959852\" 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><strong>Individual Business Segments<\/strong><\/p>\n<p>&#8211; WWE Network Revenue was $51.8 million, but WWE reported a loss of $5.7 million.<\/p>\n<p>This was due to how WWE allocated costs between Network and TV Production. WWE noted: &#8220;For the second quarter 2016, the implementation of this allocation methodology reduced Network segment\u00a0(profit)\u00a0by $5.3 million and increased Television segment (profit)\u00a0by a corresponding $5.3 million.&#8221;<\/p>\n<p>&#8211; TV Rights Revenue was $56.1 million, with a profit of $27.2 million.<\/p>\n<p>&#8211; Live Event Revenue was $51.9 million, matching WWE Network due to WM32 ticket sales, and profit was $23.4 million.<\/p>\n<p>&#8211; After the Big Three items of Network, TV, and Live Events, the rest of the business segments produced only 20 percent of business. Profit margins were slim.<\/p>\n<p>&#8211; Corporate Expenses that ate into profit were $48.2 million, up from $37.7 million in last year&#8217;s WrestleMania quarter.<\/p>\n<p>&#8211; The result of $199.0 million in revenue was total business profit of $7.5 million (4 percent margin).<\/p><div id=\"pwtor-418700467\" class=\"pwtor-content-1 pwtor-entity-placement\"><!-- Tag ID: pwtorchcom_test_300x600 -->\r\n<div align=\"center\" data-freestar-ad=\"__336x280 __300x600\" id=\"pwtorchcom_test_300x600\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_test_300x600\", slotId: \"pwtorchcom_test_300x600\" });\r\n  <\/script>\r\n<\/div><\/div>\n<p>In Q1-2015, revenue was $176.2 million and total business profit was $21.0 million (12 percent margin).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-27428\" src=\"http:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WMRevenue.png\" alt=\"WMRevenue\" width=\"484\" height=\"257\" srcset=\"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WMRevenue.png 484w, https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WMRevenue-300x159.png 300w\" sizes=\"auto, (max-width: 484px) 100vw, 484px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-27429\" src=\"http:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWEQ2Profit.png\" alt=\"WWEQ2Profit\" width=\"484\" height=\"411\" srcset=\"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWEQ2Profit.png 484w, https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2016\/07\/WWEQ2Profit-300x255.png 300w\" sizes=\"auto, (max-width: 484px) 100vw, 484px\" \/><\/p>\n<p>&nbsp;<\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-3767111898\"><div id=\"pwtor-2574937864\"><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 Full Second Quarter 2016 Revenue \/ Profit Break Down WWE&#8217;s WrestleMania 32 event helped produce $199.0 total revenue in the Second Quarter 2016, but it also ate away at <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/07\/28\/wwe-q2-2016-full-revenue-break-tv-network-biz-segments\/\" title=\"WWE Q2 2016 &#8211; Full Revenue &#038; Profit Break Down &#8211; TV, Network, Admin Expenses eating into profits, comparison to WM31\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":24062,"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":[71,3526,1710,689,3465],"class_list":["post-27224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_wwe","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\/2016\/06\/Rawlogo_3x2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27224","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=27224"}],"version-history":[{"count":3,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27224\/revisions"}],"predecessor-version":[{"id":27432,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/27224\/revisions\/27432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/24062"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=27224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=27224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=27224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}