Rundown of WWE’s first quarter financial results

Here is highlights from WWE’s first quarter financial results for 2011. All numbers are reflected over the last three months ending March 31, 2011.

* Revenues were $119.9 million, down from $138.7 million in the prior year quarter.

* Operating income was $13.2 million, down from $37.3 million in the prior year.

* Net income was $8.6 million, down from $24.7 million in the prior year.

WWE noted that several items “impacted comparability, primarily the timing of our annual WrestleMania® event and a $2.8 million film impairment charge.”

* It was noted that $1.4 million was spent in marketing Wrestlemania. Numbers for Wrestlemania will factor into the second quarter results. Wrestlemania generated $28.8 million in revenue and $13.1 million in profit contribution

* Live and Televised Entertainment was $70.4 million, down from $98.2 million in the prior year.

* Consumer Products was $34.8 million, up from $30.7 million in the prior year.

* Digital Media was $6.1 million, down slightly from $6.4 million in the prior year.

* WWE Studios generated $8.6 million, up from $3.4 million in the prior year.

* North America revenue was $89.7 million, down from $106.9 million in the prior year.

* Overseas revenue was $30.2 million, down slightly from $31.8 million in the prior year.

* Live Event revenue was $19.6 million, down from $26.0 million in the prior year (not including Wrestlemania was a major factor here). 77 events were held versus 75 last year.

* Pay Per View revenue was $13.5 million, down from $32.4 million (again, not including Wrestlemania was a factor here).

A full detailed rundown can be viewed in .pdf form at this link.

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