wrestling / News
WWE Q2 News: WWE Shop & Licensing Revenue Up
July 27, 2017 | Posted by
– WWE released their 2017 Q2 financials report this morning; the revenues from Consumer Products were essentially flat to the prior year quarter, but some sub-divisions did see increases. WWE Shop revenues increased 12% to $8.4 million with higher online sales of merchandise at the Company’s e-commerce sites. Licensing revenue increased 4% to $9.4 million primarily due to higher sales of the Company’s mobile video game, WWE Supercard. These growth drivers were offset by a $1.9 million reduction in the sale of branded merchandise at the Company’s live event venues that stemmed from lower stadium capacity and attendance at its premiere annual event, WrestleMania.
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