The entire detailed breakdown of WWE’s third quarter earnings is at this link.
* Revenues were $108.5 million versus $109.6 million in the prior year quarter.
* Operating income was $15.9 million versus $20.3 million in the prior year.
* Net income was $10.6 million versus $14.3 million.
* Adjust Operating income was $21.0 million versus $20.3 million.
* Adjusted Net income was $14.1 million versus $14.3 million.
Vince McMahon’s official statement on the third quarter results:
“In the third quarter, our results reflected the Company’s continued focus on improving business results in a difficult environment. Despite the challenging economic headwinds, both domestically and abroad, we generated increased profits across a majority of our businesses, with the main exception being our film business which we continue to monitor and refine to improve future performance. We believe the sluggish economy and our ongoing talent transition were important factors that affected the results of our other businesses. Based on our history of developing talent and creating content with broad appeal, we are confident we can address our creative challenges. Further, by taking advantage of our strategic opportunities, including the anticipated 2012 launch of a WWE network, we can achieve meaningful growth.”
* Live and Televised Entertainment revenue was $78.1 million versus $73.8 million.
* Consumer Products revenue was $19.8 million versus $21.4 million.
* Digital Media revenue was $6.9 million versus $6.8 million.
* WWE Studios revenue was $3.7 million versus $7.6 million.
* Revenues by Region (North America, Europe/Middle East/Africa, Asia Pacific and Latin America was $108.5 million versus $109.6 million.
* Pay Per View revenue was $15.8 million versus $13.6 million (65,000 incremental buys for Wrestlemania 27 was included). Money in the Bank drew 195,000 buys worldwide (up from 165,000 last year), Summerslam drew 296,000 buys worldwide (down form 350,000 last year) and Night of Champions drew 161,000 buys worldwide (down from 165,000 last year).