Vince McMahon Comments on WWE Q3 Financial Results

– WWE announced today that the financial results for its third quarter 2016 reported Net income of $11.1 million, or $0.14 per diluted share, as compared to Net income of $10.4 million, or $0.14 per diluted share, in the prior year quarter. Other notable points reported…

* Revenue of $164.2 million was on par with a record third quarter in 2015, which benefited from the WWE series, Tough Enough and Total Divas; 2016 revenue-to-date increased 8% from 2015 to $534.3 million

* WWE Network’s Net Promoter Score ranked second among major U.S. OTT services, behind only Netflix, according to research by Parks and Associates(Hulu and MLB.TV ranked 3rd and 4th)

* Through the first nine months of 2016, digital engagement continued to grow with video views up 71% to 11.5 billion and social media engagements up 43% to 873 million from the prior year

* NBCU secured 50 new blue chip advertisers for WWE programming in a two-year period

WWE Chairman & CEO Vince McMahon had the following to say about the Q3 results…

“During the quarter, we continued to effectively execute our content strategy, which has resulted in record revenues to-date in 2016 and increased consumption across our media platforms. This growth illustrates meaningful progress against our long-term strategic plan and provides the foundation for achieving our 2017 financial objectives.”