WWE Releases Fourth Quarter Financials For 2012: Numbers Improve
I’m no financial genius but these numbers look like they’re going up in the right places.
- Revenues totaled 5.1 million as compared to 2.9 million in the prior-year quarter.
- Operating income was $2.6 million as compared to a loss of $13.1 million in the prior-year quarter.
- Net income was $0.6 million, or $0.01 per share, as compared to a loss of $8.6 million, or $(0.12) per share, in the prior-year quarter.
- Operating income was $5.4 million as compared to $3.1 million in the prior-year quarter, and Adjusted Net income was $1.3 million, or $0.02 per share, as compared to $1.8 million, or $0.02 per share, in the prior-year quarter.
- Vince McMahon had the following comments..
“In the fourth quarter, we continued to make important progress on our key strategic initiatives, expanding the production and licensing of new programs and enhancing our brands. Although we did not announce the launch of a domestic television network during the year, we believe, now more than ever, that we can realize the full value of our intellectual property using a variety of approaches in our global markets. Our confidence is based on the rising value of content and the tremendous global appeal of our brands.”
So, taking away the idea of watching a stream, it doesn’t seem like a good price for the content they have plus the pay per view? $13 seems okay with me but I’d have to know what kind of featured content they’d have before making a commitment.
What do you think about the proposed $13 to $15 price point for the network?
If they think people are paying that they’re nuts.
Not sure how the drop in value for shares is a positive.