WWE Q4 2016 Financials Highlights: WWE Reports Record Revenue For 2016

– WWE released their Q4 2016 Financials this morning, and released the following highlights for the year as a whole…

* Revenue increased 11% to $729.2 million, the highest in the Company’s history, including record levels of revenue from its Network, Television, Live Event, Venue Merchandise, and WWE Shop segments

* Total international revenue increased by 11% to a record $189.3 million

* Operating income increased 44% to $55.7 million and Adjusted OIBDA3 increased 17% to $80.1 million, with both measures within the relevant range of Company guidance

* WWE Network subscribers watched a total of 294 million hours of content (up 15% from 256 million in 2015), yielding an average of 194 hours per household that places it among top cable and broadcast networks

* Digital engagement continued to grow with video views up 56% to more than 15.1 billion and social media engagements up 45% to 1.1 billion from the prior year